According to the LinkedIn profile of David Holcombe, he has been onboard by Deutsche Boerse to the company’s foreign exchange unit 360T. He joins the firm from Nasdaq’s London bureau where he served as Global Head of the FX Products portfolio.
In July 2015, Deutsche Boerse aimed high at the foreign exchange market and acquired 360T for €725 million. The unit has been competing with Thomson Reuters FX Connect and Bloomberg, as an interbank currency trading platform, which included spot, forwards, options and swap products.
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At the time of the acquisition, Deutsche Boerse stated that the firm is aiming to facilitate “significant double-digit million euro revenue synergies in the mid-term, by utilising Deutsche Börse Group’s international distribution capabilities and expertise.”
Holcombe has been working at Nasdaq since 2012, where he was responsible for the foreign exchange products of the company. By designing the company’s strategy and multiple products delivering capital and credit efficiencies, he helped build Nasdaq’s portfolio in the FX space.
Before joining Nasdaq, Holcombe was consulting a variety of clients in the financial sector of FX business strategy and operating models, single dealer platforms, agency offerings in FX, money markets, futures, etc.