American brokerage Forex Capital Markets (NYSE: FXCM) has tapped Anthony Mazzarese as its new Senior Vice President of Institutional Sales. He has started working for the firm this July.
Mazzarese has over a decade of experience in the financial industry and worked for FXCM in the past. From 2004 to 2010 he was a part of the firm’s Institutional FX Sales division where he helped develop and sell a margin FX joint venture between FXCM and Deutsche Bank to launch dbFX, and selling FXCM aggregated eFX liquidity to mid-market FX brokers and HFTs via FXCM’s multiple APIs and GUIs.
From 2010 to June 2015, Mazzarese worked on FX Sales for Citi, helping develop and sell Citi’s mid-market aggregated eFX liquidity offering called Tradestream to margin FX Brokers HFTs and mid-sized hedge funds, and worked with liquidity management to develop custom streams of liquidity from multiple banks, ECNs and buy-side providers based on customer specific needs.
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While at Citi FX Sales he also managed a team of salespeople in New York selling Citi’s retail eFX trading platform – CitiFX Pro is intended for high net worth individuals and small to mid-sized FX hedge funds, cross sell CitiFX Prime Brokerage to margin FX customers looking to trade away from the bank and help develop a prime of prime (POP) offering to Citi’s margin FX clients looking to access third party ECNs and technology providers through a consolidated margin account.
According to an announcement made by FXCM in April, the company will remain focused on delivering institutional grade services despite the prospective sale of its stake in FastMatch and Lucid. The recruitment of a Senior Vice President seems to suggest FXCM is beefing up its Institutional Sales capabilities for any eventuality.