London-based DeepWell Liquidity 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.
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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 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.