It has just been announced that Sucden Financial’s e-FX team posted record volumes over the last quarter, following the recent appointment of Peter Brooks as Head of e-FX. Peter has over twenty years of experience in the financial markets, including over five years as Head of e-FX Client Coverage at Sucden Financial.
Although Sucden Financial did not release the absolute number, it did say that in Q3 volumes increased by 24% and by 91% from the same period last year. This is attributed by the firm to the onboarding of a number of new clients, in addition to a significant increase in volumes from existing clients who have been able to grow their business as a result of the service provided by the London-based Prime of Prime broker.
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Michael Overlander, CEO, Sucden Financial, commented: “Peter Brooks has a proven track record at Sucden Financial. We have a range of non-FX products in our retail broker offering and Peter’s broader experience is invaluable in driving this growing and unique area of our business forward.”
Peter Brooks added: “Sucden Financial is recognised as one of the leading institutional liquidity providers in the retail FX industry and by working in partnership with our clients we are able to offer tailor-made solutions to meet their retail FX requirements.”
Meanwhile, it has been discovered that Jonathan Brewer, Head of eFX Business Development at Sucden Financial, left the firm this summer.