Forex 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 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.
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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.