Exclusive: MakoFX's Founding and Managing Partners Part Ways as Changes on the Horizon
- Forex Magnates has learned that the leading institutional FX liquidity provider has witnessed significant changes at its highest level with the top leadership duo stepping down. The company has declined to comment.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has learned that Adrian Patten, Founding Partner at MakoFX, and Simon Jones, the firm’s Managing Partner, have both left the organization. The two are believed to have departed from the firm just recently, however still appear on the company's platform webpage, 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 Pool.
MakoFX is an established London-based institutional FX liquidity provider, part of Mako Group, an investment and financial services group of companies. The two senior members of the team have both been prominent in the FX space with over fifty years of experience working in managerial positions at major banks and providers.
Mr. Patten was registered on the FCA register as a CF30 with Mako Financial Markets Partnership LLP, between June 2011 and September 2012.
Mr. Jones joined MakoFX last year from Citi, where he served as Managing Director, he was at the bank for over 14 years. Mr. Jones' LinkedIn profile confirms the report, stating that he departed the firm this September.
Forex Magnates will keep following up on this report, as such a drastic shift in leadership may reflect and even lead to subsequent developments in its ownership structure.
Various Solutions
Mako Global has been an active player in the world’s most liquid asset class for over a decade, offering a wide range of products. In its multi-asset offering, it connects participants to a number of providers including NYSE, Euronext and other leading venues.
The firm’s website states it has been active since 1999: "Mako's heritage in exchange-traded options and derivatives established the firm's strong presence as a leading provider of liquidity in the equity, fixed income and commodity options markets of Europe and the U.S."
"MakoFX uses a full suite of proprietary software and financially engineered algorithms to enable its market-makers to price, trade and risk-manage large inventories of derivatives and cash-market products.”
Among its numerous solutions for FX traders is its signature Liquidity Pool, a multi-bank platform that connects users to various pricing streams, in addition, Liquidity Pool provides users with a disclosed model thus allowing users to take heed of targeted pricing, with customisable solutions.
One of Mako Group’s founder & key shareholders is Segel Group, an investment firm owned by David Segel.
Mr. Segel, a former trader, established Mako Group as an options market maker. Mr. Segel also operates the Pelagus Fund, which was launched in 2007 and was the winner of the Eurohedge Hedge Fund of the Year Award for Fixed Income Strategy in 2008 and 2009, according to the group’s website.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has learned that Adrian Patten, Founding Partner at MakoFX, and Simon Jones, the firm’s Managing Partner, have both left the organization. The two are believed to have departed from the firm just recently, however still appear on the company's platform webpage, 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 Pool.
MakoFX is an established London-based institutional FX liquidity provider, part of Mako Group, an investment and financial services group of companies. The two senior members of the team have both been prominent in the FX space with over fifty years of experience working in managerial positions at major banks and providers.
Mr. Patten was registered on the FCA register as a CF30 with Mako Financial Markets Partnership LLP, between June 2011 and September 2012.
Mr. Jones joined MakoFX last year from Citi, where he served as Managing Director, he was at the bank for over 14 years. Mr. Jones' LinkedIn profile confirms the report, stating that he departed the firm this September.
Forex Magnates will keep following up on this report, as such a drastic shift in leadership may reflect and even lead to subsequent developments in its ownership structure.
Various Solutions
Mako Global has been an active player in the world’s most liquid asset class for over a decade, offering a wide range of products. In its multi-asset offering, it connects participants to a number of providers including NYSE, Euronext and other leading venues.
The firm’s website states it has been active since 1999: "Mako's heritage in exchange-traded options and derivatives established the firm's strong presence as a leading provider of liquidity in the equity, fixed income and commodity options markets of Europe and the U.S."
"MakoFX uses a full suite of proprietary software and financially engineered algorithms to enable its market-makers to price, trade and risk-manage large inventories of derivatives and cash-market products.”
Among its numerous solutions for FX traders is its signature Liquidity Pool, a multi-bank platform that connects users to various pricing streams, in addition, Liquidity Pool provides users with a disclosed model thus allowing users to take heed of targeted pricing, with customisable solutions.
One of Mako Group’s founder & key shareholders is Segel Group, an investment firm owned by David Segel.
Mr. Segel, a former trader, established Mako Group as an options market maker. Mr. Segel also operates the Pelagus Fund, which was launched in 2007 and was the winner of the Eurohedge Hedge Fund of the Year Award for Fixed Income Strategy in 2008 and 2009, according to the group’s website.