TrueEX Names Saro Jahani as CIO following Departure from Direct Edge

Contract marketplace for interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term TrueEX has appointed Saro Jahani as its newest chief information officer (CIO), amidst a period of rampant growth at the company.

In his new role as CIO, Mr. Jahani will help navigate the entire IT operations at TrueEX, which will include development and QA components. Prior to joining TrueEX, Mr. Jahani worked at Direct Edge as CIO, where he headed technological innovation.

According to Sunil Hirani, CEO of TrueEX, in a recent statement on the appointment, “The appointment of Saro to the management team is an exciting development for our firm. Not only does it reflect our continued commitment to deliver best-in-class derivative trading solutions, but it evidences the level of talent that is looking to join our innovative and leading marketplace.”

“I’m delighted to be joining TrueEX at this pivotal time in their growth. As the leading new trading and processing platform for swaps, TrueEX is delivering more efficient and open solutions than are available on legacy solutions. To be part of this winning team was an easy decision,” added Mr. Jahani in an accompanying statement.