Jan Strømme, the former Global Head of Distribution at XTX Markets, has joined the technology provider for the financial sector, Coral Reef Technologies, as the Business Development Manager.

Building Trading and Liquidity Partnerships

In a post on LinkedIn, Strømme mentioned: "I am happy to announce that I’m working with Coral Reef Technologies LTD and the Final (Financial Algorithms) group of companies, as a Business Developer for Spot FX, and building out our reach in FX trading in general, with trading and liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term (making and taking) relationships globally, on any and all FX venues!"

"I have known the team at Final a long time and have always been impressed with the setup and their rise up the rankings amongst the elite proprietary quantitative trading firms."

Coral Reef Technologies is a financial services firm that utilizes algorithmic trading technology. According to the firm’s profile on LinkedIn, Carol Technologies is driven by proprietary algorithmic-trading technology.

FX Industry Veteran

Prior to his latest role, Strømme co-founded a market-making platform called Alphaplate. Alongside a team of five individuals, he dedicated six years to the London-based firm. Besides that, he has worked for several other notable brands, such as FX Alliance, DNB, and Thomson Reuters.

Meanwhile, XTX Markets recently introduced an AI Residency Program through its newly established division, XTY Labs. This initiative aims to foster innovative research in algorithmic trading by harnessing the power of machine learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term.

Divided into two categories, Junior and Senior AI Residents, the program offers immersive experiences ranging from 6 to 12 months. It provides an opportunity for the participants to delve into pioneering research under the guidance of Dr Atlas Wang and XTX's quantitative research team.

Aspiring candidates for the AI Residency Program are expected to hold or soon obtain a PhD degree, showcasing strong research capabilities and proficiency in modern deep learning architecture. Desirable attributes include expertise in foundational model development and adeptness in managing large datasets.