FXPA Announces Election Results, Four New Additions to Board of Directors

The 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 Professionals Association (FXPA) recently held elections to determine its first permanent board of directors and officers. The new FXPA executive committee included four members from leading institutions.

• Chair: Eric Busay, portfolio manager, CalPERS
• Vice Chair: Adam Cooper, senior managing director and chief legal officer of Citadel
• Treasurer: Sean Tully, senior managing director, financial and OTC products, CME Group
• Secretary: William K. Goodbody, Jr, managing director, COO and head of sales of Hotspot

Earlier this week, FXPA announced the addition of Hotspot and Integral Development Corp. as its newest institutional members. The US-based FXPA was formed back in September 2014 to form a collective foreign exchange industry group to represent their business interests to regulators and policymakers.