Kx Systems Adds Richard Kiel to Drive its FX Solutions, Platforms Business

Kx has continued adding veteran talent to its leadership team with the appointment of Richard Kiel as its Senior Vice President (SVP) and Global Head of 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 Solutions. His hire will be instrumental to the group’s ongoing bid to strengthen its FX capabilities, which will focus on Kx’s platform suite.

Kx operates as a unit of First Derivatives plc (LON:FDP) – the addition of Mr. Kiel represents one of Kx’s most senior hires of the calendar year. He joins Kx from UBS, boasting a collective twenty-five year career in the FX and financial services space.

New focus on platform suite

In his new role he will be tasked with overseeing and steering Kx’s budding FX platforms. This includes multiple channels and segments, including its trading, aggregation, price distribution, smart order routing, and ore- and post- trade data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and reporting platforms.

In this capacity, he will be reporting to Chief Commercial Officer Pat Brazel while based out of New York City. He joins Kx at an interesting juncture, as it explores a wide range of areas in the capital markets, FX, and analytics space. The group’s platforms also include a focus on big data, which given the current demand emanating from the FX industry, could be a growing emphasis in 2018.

“Kx is a leading provider of high performance technology solutions to many of the most demanding consumers in capital markets. What many don’t realize is that they’re deeply rooted in innovative FX trading technology and I am looking forward to building on that foundation with the delivery of end-to-end products and solutions that will generate real value for our growing global customer base,” explained Mr. Kiel.

Mr. Kiel worked at UBS Asset Management for over six years. He was its Head of Global Risk Solutions, with duties including managing its risk advisory unit as well as its proprietary multi-asset global risk system.

Additionally, he spent a decade at Thomson Reuters at its New York and London branches. During his time with the group, he held multiple senior level roles including stints as its Global Head of Post Trade Services, Head of Business Development, Automated Dealing Technologies, President of Reuters’ Consulting Group, and Regional Sales Manager.

He also held roles at TIBCO Software and Salomon Brothers Inc., with additional time at JPMorgan and Merrill Lynch, according to information made public on his Linkedin profile.