360T, Deutsche Boerse’s FX unit and global provider of a multi-bank, multi-asset trading platform, has hired Tibor Gergely as Head of Spot Strategy in London earlier this month, according to market sources.
He moved to the firm from UniCredit, where he was Head of e-FX Trading, responsible for managing and running the electronic foreign exchange desk.
Gergely also worked as a Director in e-FX Trading at the firm, participating in the complete revamp of the bank’s electronic foreign exchange capabilities as part of a wider group transformation plan.
Bank of America Merrill Lynch and BNP Paribas
Prior to that, Gergely served at Bank of America Merrill Lynch for almost six years.
He had joined the bank as a quant trader in e-FX market-making in 2011 and became a product specialist in FX algorithmic execution in 2015.
PLUGIT Launches YOONIT V2.0Go to article >>
In this position, he was the sole front-office employee in the trading hierarchy in EMEA looking electronic FX agency products: execution algorithms with transaction cost analysis (TCA), benchmark fixings, and resting orders.
Gergely’s career began at BNP Paribas in 2009. He served as a summer associate in e-FX Trading and as a quantitative analyst in e-FX market making.
Additionally, he was a member of the Electronic Trading Group within the Fixed Income Research and Strategies Team (FIRST), focusing on electronic foreign exchange markets.
Gergely developed high-frequency automated pricing mechanisms and algorithmic-based hedging strategies for the spot FX market making trading desk.
He also maintained and developed the research framework for automated risk management and client profitability reporting tools for the French bank’s trading desk.