LMAX Exchange Adds Jason Huang, Shang Lin to Asia-Pacific Team

London-based LMAX Exchange has strengthened its management team in Asia-Pacific. The FCA-regulated Multilateral Trading Facility (MTF) today announced two new hires in the region, appointing Jason Huang as head of sales and Shang Lin who joins as institutional sales executive.

The new appointments help position the company to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its 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 solutions in key growth markets. It also strengthens LMAX Exchange’s presence in Asia/Pacific, improving its offering’s accessibility and providing users with regional resiliency and enhanced performance. Both Huang and Lin will be based out of the LMAX Exchange office in Singapore.

LMAX offers exchange style execution for OTC-traded FX products, such as spot FX. In addition, the company’s portfolio covers several assets and markets segments including cryptocurrency, precious metals, commodities and equity indices.

The new sales head, Jason Huang, steps into his new position with immediate effect, bringing nearly two decades of expertise in the FX space to the role. He joins LMAX Exchange from CFH Systems Asia, where he most recently served as a Managing Director, focusing exclusively on South East Asia and Greater China. Additionally, he has held other positions at FXCM USA, FXCM Asia and ADMIS Hong Kong, helping pave the way for his most recent appointment.

LMAX also strengthened its institutional sales team for Asia Pacific with the addition of Shang Lin, who will report to the region’s head of institutional FX, Quentin Miller. Prior to LMAX Exchange, Shang worked at Thomson Reuters for seven years focusing on financial institutions and corporates for the FXall business.

Head of Asia Pacific Departs

Meanwhile, LMAX Exchange is losing a core member of its team, with Head of Asia Pacific Queenie Wang parting ways with the group. Ms. Wang has been a mainstay at LMAX since 2011 and her departure comes after a lengthy stint.

She was originally appointed as international development executive, while subsequent stops included heading the sales operations at LMAX’s arm in Hong Kong, from January 2015 to April 2016.

Prior to joining LMAX, Wang worked as a customer service specialist at City Credit Capital, followed by an 18-month tenure at London Capital Group as head of Far East sales.

Commenting on the appointments, Scott Moffat, LMAX’s managing director of Asia Pacific said: “We have identified a genuine need among institutional market participants for order-driven firm liquidity and a growing focus on transparency, precision and consistency in execution. Crucially, both Jason and Shang possess extensive experience servicing institutional clients and have a deep understanding of the Asia Pacific FX market. I believe that their industry knowledge and expertise will help us accelerate our regional growth in the years to come”.

LMAX Exchange CEO David Mercer also noted: “Asia’s contribution to our global business continues to grow at a tremendous rate. In 2018, our Asia Pacific franchise doubled volumes and delivered 28% growth in execution revenue. Among institutional clients we saw even steeper levels of growth.”