Christopher Dudley Joins Siege FX

He was a Global FX Core Business Manager at Bloomberg before

Institutional peer-to-peer netting service Siege FX has hired Global Business Manager and Derivatives Trader Christopher Dudley as a Product Manager in London this month, according to market sources.

He moved to the firm from Bloomberg, where he spent more than seven years in various roles.

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Dudley had joined the company as an FX Derivatives Application Specialist in 2012, before taking up a new position at Bloomberg’s global FX core business.

His responsibilities included the management of BFIX FX benchmark.

Prior to this, he worked in currency options at Westpac for nine years.

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Earlier in his career, Dudley was a Vice President Currency Options at Republic National Bank and served in a similar role at the Bank of Montreal later.

Peer-to-peer FX netting

Siege FX is an information technology and services firm founded in 2017, offering pre-trade peer-to-peer FX netting to Institutional clients.

Technology provider Siege FX said in an interview in early 2019 that they will roll out peer-to-peer netting, as the FX space is ready for such as service.

While there had been calls from buy-side market participants for a fair and transparent netting service for several years, no such tool had emerged for financial institutions active in the FX industry until then.

Netting even 20% of orders can reduce execution costs by more than 50%, according to the firm.

 

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