FXone Names Michael Bundy as Its CTO, Chief Architect

FXone/Seabury Financial Solutions LLC, a subsidiary of Seabury Group, has appointed Michael Bundy as its newest Chief Technology Officer and Chief Architect, to help drive its FX platform’s development.

Seabury Financial Solutions is a provider of market 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 system for FX. Its platform is utilized by a variety of high-frequency trading entities worldwide. In his new role as CTO and Chief Architect, Mr. Bundy will have his fingerprints on the platform’s direction and overall development as it looks to increase its usage amongst users.

According to FXone President & CEO Rosario M. Ingargiola in a recent statement on the appointment, “Mike is amongst the finest technologists and e-trading luminaries, and we’re very pleased that he will lead FXone’s team of experienced e-trading software engineers. His deep computer science background with real-world, hands-on coding experience, proven leadership and significant accomplishments in the institutional electronic trading system space will help propel FXone to be the technology leader in the FX industry.”

Prior to joining FXone, Mr. Bundy also served in a similar role as the CTO and Chief Architect for Chi-X Global and Chi-X Europe. In addition, he worked in a variety of senior roles at Instinet Inc.

“I’m very excited to be joining FXone and the great team they have assembled. This is my first foray into the FX space, and I expect challenges unlike any other marketplace I have operated in. I look forward to drawing upon my years of experience operating markets in this new, vibrant, marketplace as part of FXone," added Mr. Bundy in an accompanying statement.