DeepWell Names Joseph Acosta Head of FX Sales and Execution

London-based DeepWell 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 Management, an agency broker owned by Swiss interdealer Tradition, has appointed Joseph Acosta to take on the role of head of foreign exchange (FX) sales and execution.

Acosta joined DeepWell last month, coming from Elenion Capital Management, where he served as a global macro execution trader and relationship manager. He has more than 25 years of experience in sales, trading, structuring, and portfolio management in fixed income and FX cash and derivatives.

Before Elenion, where he worked for 16 months, Acosta was with R.J. O'Brien & Associates LLC, the oldest and largest futures brokerage and clearing firm in the United States.

From 1999 to 2012, Joe worked at QFS Asset Management, trading their FX, global macro and fixed income models for over 13 years, his Linkedin shows. Prior to QFS, he worked as a senior trader on the foreign exchange desk at The Bankers Trust company.

Colin George parts ways with DeepWell

Acosta is the latest senior appointment for DeepWell’s FX business as it looks to bolster product, operational and execution expertise in currency trading. Last year, the company made seven senior managers to spearhead its push into global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and fixed income trading.

Colin George, who previously served in institutional sales at Standard Chartered Bank, was named head of forex and commodity sales and execution, where he was tasked with setting up DeepWell’s US operations. However, George is reportedly leaving the firm, per an FXweek report.

Founded in 2017, Deepwell Liquidity Management was set up by Richard Leighton, who also established TP ICAP-owned FX agency brokerage firm Mirexa Capital. Working as part of Tradition’s family, the unit offers global coverage across a range of OTC and exchange-traded FX products that include spot, forwards, options, and futures. DeepWell also maintains a presence across Europe, the Americas, and the Asia Pacific with global offices based in London, New York, Singapore, and Sydney.