CBOE’s Hotspot Appoints Jon Weinberg as Head of FX Liquidity Analysis
- The former UBS executive will be based in London.
CBOE’s foreign exchange electronic communications network (ECN), Hotspot is adding a new team member in a newly created role at the company. The firm hired Jon Weinberg from UBS to appoint him as Head of FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Analysis.
Mr Weinberg comes with extensive experience in the FX industry, having previously worked at BNP Paribas, Morgan Stanley and KCG Holdings. He will be based in London and will report to Bryan Harkins, CBOE’s Head of U.S. Equities and Global FX.
While working at Swiss bank UBS, Mr Weinberg was the Head of Liquidity Management within the FX e-trading group at the bank.
The new position created at Hotspot entails the gathering and systematization of sophisticated data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. The company is aiming to use the data to provide a better trading experience to its clients.
Commenting on the appointment, Bryan Harkins stated: “As we add new functionality and features, and broaden our ambitions for Hotspot, it’s important we match our long record of outstanding client service and support with a rigorous focus on the underlying data.
Jon’s appointment, and the data-driven systems he’s creating, will strengthen what we do best: help clients source liquidity through a premium order matching and liquidity management process.”
In the first quarter of 2017, Hotspot reported an average daily notional value of $28.8 billion in spot FX. The figure was higher by 7.9 percent quarter over quarter. According to the company’s own calculations, Hotspot also increased its market share to 12.9 percent. The company is using data from some firms that publicly report their trading volumes: FastMatch, Hotspot, NEX, Reuters/FXall.
CBOE’s foreign exchange electronic communications network (ECN), Hotspot is adding a new team member in a newly created role at the company. The firm hired Jon Weinberg from UBS to appoint him as Head of FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Analysis.
Mr Weinberg comes with extensive experience in the FX industry, having previously worked at BNP Paribas, Morgan Stanley and KCG Holdings. He will be based in London and will report to Bryan Harkins, CBOE’s Head of U.S. Equities and Global FX.
While working at Swiss bank UBS, Mr Weinberg was the Head of Liquidity Management within the FX e-trading group at the bank.
The new position created at Hotspot entails the gathering and systematization of sophisticated data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. The company is aiming to use the data to provide a better trading experience to its clients.
Commenting on the appointment, Bryan Harkins stated: “As we add new functionality and features, and broaden our ambitions for Hotspot, it’s important we match our long record of outstanding client service and support with a rigorous focus on the underlying data.
Jon’s appointment, and the data-driven systems he’s creating, will strengthen what we do best: help clients source liquidity through a premium order matching and liquidity management process.”
In the first quarter of 2017, Hotspot reported an average daily notional value of $28.8 billion in spot FX. The figure was higher by 7.9 percent quarter over quarter. According to the company’s own calculations, Hotspot also increased its market share to 12.9 percent. The company is using data from some firms that publicly report their trading volumes: FastMatch, Hotspot, NEX, Reuters/FXall.