LMAX Exchange issued a statement on Tuesday saying that it has appointed Randy Rupan as its head of liquidity analysis.
Rupan will report to Jeremy Barnes, the exchange operator’s global head of liquidity management.
“We’re delighted that Randy has joined our growing team in New York,” said Barnes. “We see huge upside potential in building out a
data driven approach to our institutional offering.”
Based in London, LMAX currently operates five institutional exchanges for cryptocurrencies, foreign exchange (FX), metals, commodities, and indices.
Rupan joins the firm from 360 Trading Networks where he was head of spot FX for the Americas – a position he held for almost a year.
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Prior to that, the new LMAX executive worked for over six years at FastMatch, a firm that operates an electronic communication network platform for FX trading.
From FXCM to LMAX
During his time with the company, Rupen was head of institutional liquidity management and helped grow institutional trading volumes without increasing the number of sales personnel at the firm.
It was before Rupen joined FastMatch, however, that he really made a name for himself in the FX industry.
LMAX’s new head of liquidity analysis spent almost a decade at retail broker FXCM in the 2000s.
Over the course of his career at the broker, he helped to sell the firm’s white label solutions and managed a trading platform. He also developed relationships with European banks and helped create a set of indices for the FX market with Dow Jones.
“We remain extremely bullish on the growth prospects in North America,” said LMAX chief executive officer David Mercer. “The volumes in our New York-based matching engine (NY4) have grown by an impressive 267% during the course of 2018.
“Randy’s arrival builds on the raft of senior hires already made across our global team in 2019. We remain in expansion mode and have built out our multi-hub offering positions to maximise growth potential.”