R5FX Strengthens Board with Three New Veteran Appointments

R5FX, an emerging marketplace for local market foreign exchange (FX) trading, has unveiled several new member appointments to its board, according to an R5FX statement.

R5FX is a London-based FinTech start-up that is presently in beta testing – the group is slated to launch later this year. Furthermore, the group is also eyeing a foray into emerging market (EM) currency trading, in line with the market-wide transition of trading capabilities for participants. This includes a changeover of voice trading to a more transparent and efficient screen-based market, whereby boasting deeper 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 increased capacity.

The new board appointees to R5FX include (Lord) Howard Flight, an acting member of the House of Lords and holder of several Directorships from leading financial institutions – he joins R5FX with a specialty and focus on EM. Currently, he serves as the Director of Investec Asset Management and Chairman of CIM Investment Management.

In addition, R5FX has secured the services of Eng Huat Tan, who joins the group with over three decades of experience in the financial industry, namely across treasury and capital markets in Asia. He most recently worked as the Head of Global Treasury at OCBC in Singapore, with additional stops at Dresdner Bank, having held a number of senior level roles, among others.

Chung Min Pang has also joined R5FX’s board after garnering extensive experience in the EM realm. As part of a 35-year banking career, Mr. Min Pang has worked at Bank of America, Salomon Brothers and the World Bank. He also formerly worked as a partner at Clove Capital Partners and is presently an adviser to Clove Capital Partners and Atlas Capital Group.

According to Jon Vollemaere, CEO of R5FX, in a recent statement on the board appointments, “Howard Flight, Eng Huat and Chung Min bring a wealth of financial markets experience to our board, with specific expertise in emerging markets. Their senior level relationships will help to expand our community of banks, non-bank market participants, central bankers and regulators. With a detailed understanding of emerging market trading, our board has helped to define our proposition and deliver true innovation, moving R5FX forward significantly as we progress towards launch.”

Back in July, R5FX announced a technological partnership with smartTrade Technologies. Under the terms of the agreement, SmartTrade opted to build on its existing solution to accommodate the needs of an emerging markets currency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.