FlexTrade, an industry pioneer specializing in broker-neutral, execution and order management trading platforms, has hired Paul Beatty as a Director this month, according to market sources.

FlexTrade’s flagship platform for algorithmic trading, FlexTRADER, is widely known in the industry for its high-performance and multi-asset capability.

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With offices in North America, Europe, and Asia, FlexTrade has a worldwide client base spanning more than 225 buy- and sell-side firms.

Beatty brings extensive market knowledge and analytics- as well as technical abilities to his new role.

Between 2018 and 2020, he was a Managing Director at technology provider Spotex and a Director at TP ICAP.

Spotex launched in 2014 with FX ECN-based technology built specifically to address shortcomings in existing systems and to provide new opportunities for market participants.

TP ICAP is a global firm of intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets.

Bloomberg Tradebook

Earlier in his career, Beatty spent 17 years as a Global Managing Director Tradebook FX at Bloomberg.

He designed and managed the global sales force for Bloomberg Tradebook FX and launched the first electronic anonymous FX trading platform inside the Bloomberg ecosystem via a prime brokerage model with Bank of America Merril Lynch acting as the centralized Prime Broker.

Beatty developed sales and marketing strategies for financial institutions to facilitate product and goal achievements.

In 2017, Bloomberg Tradebook confirmed the closure of its anonymous FX ECN in order to concentrate on dealer-to-client (D2C) FX.