Paul Ainsworth Leaves Euronext
- He was Global Head of Sales Euronext FX in New York
Paul Ainsworth has left Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) Euronext after more than four years, according to market sources.
A replacement to take up his former role has not been named yet.
Ainsworth had moved to the firm from UBS Investment Bank, where he was an Executive Director in e-FX sales for almost seven years.
His career began as a Director in e-FX sales at Barclays Investment Bank in London and New York.
In 2017, Euronext announced that it had completed the acquisition of c.90% of one of the fastest growing ECNs in the spot FX market, FastMatch.
The news followed the announcement of 23 May 2017 on the signing of the agreement with FastMatch’s shareholders.
Ainsworth joined Fastmatch in his Global Head of Sales role in late 2015.
He reported to Dmitri Galinov, who was CEO at the firm at that time.
Galinov left FastMatch in 2018 and founded OTC ECN 24 Exchange shortly after.
The Bermuda-based firm addresses market challenges such as fragmented pools of 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 and increasingly costly access fees and data.
Euronext
Pan-European exchange Euronext covers Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2019, Euronext has an unmatched blue chip franchise that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base.
Paul Ainsworth has left Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) Euronext after more than four years, according to market sources.
A replacement to take up his former role has not been named yet.
Ainsworth had moved to the firm from UBS Investment Bank, where he was an Executive Director in e-FX sales for almost seven years.
His career began as a Director in e-FX sales at Barclays Investment Bank in London and New York.
In 2017, Euronext announced that it had completed the acquisition of c.90% of one of the fastest growing ECNs in the spot FX market, FastMatch.
The news followed the announcement of 23 May 2017 on the signing of the agreement with FastMatch’s shareholders.
Ainsworth joined Fastmatch in his Global Head of Sales role in late 2015.
He reported to Dmitri Galinov, who was CEO at the firm at that time.
Galinov left FastMatch in 2018 and founded OTC ECN 24 Exchange shortly after.
The Bermuda-based firm addresses market challenges such as fragmented pools of 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 and increasingly costly access fees and data.
Euronext
Pan-European exchange Euronext covers Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2019, Euronext has an unmatched blue chip franchise that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base.