FX Veteran Sal Provenzano Joins Velocity Trade Team

Velocity Trade announced that Sal Provenzano has joined its senior management team in the capacity of Head of Institutional FX. In this role, he will be chiefly responsible for enhancing the development of Velocity Trade's business initiatives, including relationships with new and existing FX prime brokers, FX 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 provision and relationships with trading platforms/ECNs, as well as client acquisitions.

Mr. Provenzano is a highly regarded foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term professional with over thirty years in the industry. Before joining Velocity Trade, he held the position of Global Head of FX Prime Brokerage with Prudential Bache/Jefferies Bache; prior to this, he was Head of North American FX Prime Brokerage sales with ABN AMRO Bank, and, before that, was Managing Director of FX Brokerage at Lasser Marshall, New York.

"We've focused a lot on developing a superior FX offering and establishing global service centres, both of which are proving to offer significant advantages to institutional traders. Our value proposition is clear. Now it's a matter of getting it to the widest audience," says Velocity Trade Principal Partner, Simon Law." Sal has a depth of foreign exchange experience that was very attractive to Velocity Trade, specifically in terms of his ability to cultivate and support FX channels."