Cantor Fitzgerald Augments FX Team by Adding Two Goldman Executives

Multi-asset financial firm, Cantor Fitzgerald, has expanded its FX sales and trading teams by adding two former Goldman Sachs executives, Joseph Pinto and Stephan McElreath to its New York base of operations.

Cantor Fitzgerald specializes in a variety of trading instruments, with FX being a prime constituent of its business. Late last month the company also appointed a new Director. The new twin appointments are meant to fortify an already strong team, headed by James Reilly, the Senior Managing Director and Global Head of FX Sales and Trading.

Twin Hires Head To New York to Fortify FX Business

Mr. Pinto joins Cantor Fitzgerald as its newest Senior Managing Director, having worked previously at Goldman Sachs as the Head of Electronic FX Sales in the Americas. Prior to Goldman, he also served in a variety of executive level roles at Barlcays, Bank of America and AIG Trading Group – all of which dealt with FX.

In addition to Mr. Pinto, Cantor Fitzgerald has also hired Stephan McElreath as its newest Vice President. He will also be working out of New York and will liaison with Mr. Pinto for FX sales and trading. Alternatively, Mr. McElreath has been working at Goldman Sachs since 2008, having cultured experience across its FX and derivatives business for over five years.

According to Shawn Matthews, Chief Executive of Cantor Fitzgerald in a recent statement on the appointment, "We welcome the breadth of expertise and well-established relationships these highly respected individuals bring to the Cantor team. Their appointments reinforce our long-standing commitment to providing clients with unparalleled industry knowledge and excellence in Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. We are uniquely positioned to capture further market share as we continue to strengthen our FX electronic-Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and attract talent to our world-class distribution network.”