Advanced Markets Appoints Ex-FXCM Pro Exec Henry DePaolis As Director of Institutional FX

Wholesale provider of FX Liquidity Advanced Markets, confirmed to Forex Magnates today that it intends to further develop its wholesale and institutional products and services in the months to come. In order to assist the firm in this direction, Henry DePaolis has been appointed Director of Institutional FX, at the North Carolina-based firm.

In his new role, Mr. DePaolis will focus on relationships with bank Liquidity Providers , as well as institutional buy-side market participants, a role for which the company considers Mr. DePaolis an executive with the necessary credentials, as he has more than two decades of FX experience.

Mr. DePaolis has held institutional FX sales and trading roles most recently at FXCM Pro, where he was Vice President of Institutional Sales. Prior to that, he held executive positions at Merrill Lynch, ABN AMRO, HSBC USA and Republic National Bank.

In a commercial statement today, Anthony Brocco, CEO and Founder of Advanced Markets LLC, explained that, “The un-intermediated element of our DMA market structure requires close collaboration among Advanced Markets, buy-side market participants and bank liquidity providers to optimize liquidity on the platform.”

“We are fortunate to have someone with Henry’s deep experience and sterling reputation, within the interbank and institutional investment communities, join the firm as it expands further into the asset management sector.”

With regard to his appointment, Mr. DePaolis stated that, “Advanced Markets has brought significant innovation to its liquidity, technology and credit solutions, with real benefits for institutional traders."

“The potential for expanding the firm’s institutional market penetration with its current product array, as well as the potential for future innovation are extremely positive,” he added.