Online foreign exchange electronic communications network (ECN) FastMatch has announced that Robert Malin will be joining the company as Director of Sales for the European region. Based in London, Mr Malin will take his new position at the company on the 15th of March.
The new European Director of Sales at FastMatch will join the company from Australia and New Zealand Banking Group, where he helped shape the eFX product of the financial institution for the Europe, Middle East and Africa (EMEA) region. Mr Malin is a veteran in the industry after working in electronic FX sales for almost 10 years.
Before joining Australia and New Zealand Banking Group, Robert spent a number of years at two leading banks in the foreign exchange industry – UBS and Barclays.
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The new hire is announced just a couple of weeks after FastMatch unveiled a mandatory symmetric last look practice for all liquidity providers connected to the ECN. At the time, the CEO of the company, Dmitri Galinov, stated to Finance Magnates: “As an industry, institutional FX needs to eliminate asymmetrical last look in order to provide fair markets to clients.”
By bolstering its product offering and providing new opportunities to clients, FastMatch is opening the door to a new sort of best practice, whereby clients could receive better trading conditions. While some liquidity providers could initially pull away from the venue, industry insiders have hailed the move by the company to introduce this additional layer of transparency to clients.
Rob Malin will be reporting directly to the Global Head of Sales of FastMatch, Paul Ainsworth.