Siege FX, a London-based operator of dark pools for foreign exchange, has announced the appointment of Mathijs Peeters as a new European Head of Distribution. He replaces Marek Robertson, who was promoted to the position of Chief Product Officer (CPO).

Siege FX Appoints New Head of Distribution

In his previous post in FX Distribution, Peeters was responsible for direct counterparty business development. He brings over 25 years of professional experience in the 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 (FX) industry to the table.

In the past, Peeters worked for BlueCrest as an FX FinTech Business Manager and for HSBC as the Director of FX Institutional Sales. During a career spanning more than two decades, he has held executive positions at Nomura and RBS in the institutional sales departments.

"We continue to build on our growth and the launch of new services to scale the business. With Mathijs responsible for distribution in Europe and Paul Alves continuing to manage distribution in the Americas, we have a world-class business development team. Their experience and extensive client relationships will play a key role in support of our expansion," Claude Goulet, the CEO of Siege, commented on the appointment.

Marek Robertson Becomes Siege FX's CPO

The former Head of Distribution, Mark Robertson, who has been with the firm since 2019, was promoted to CPO. He has been involved in financial markets since 1998 and started his career at the London branch of Banker Trust Company. For 14 consecutive years, he served Barclays as its Chief Operating Officer of Global FX and the Head of European Global eFX Sales.

He was a senior consultant at Appsbroker Fintech, PEN Partnership and New Change FX. Plus, in 2015, he co-founded a RegTech start-up SafeScribe, an early warning system for employee electronic communications.

His primary role at Siege FX will focus on further developing Siege FX's core services, NetFix and MidPool. 10 of the top 20 investment banks and leading asset managers currently use the company's products. In the next few months, SiegeFX wants to launch NetBook, an order compression and block order trading solution for banks and asset managers in the FX space. Robertson will be responsible for the development of this service.

"I would also like to congratulate Marek on his promotion to Chief Product Officer, where his in-depth knowledge of the FX market will drive the development of new services in collaboration with our bank and buy-side participants," Goulet added.

Watch the recent FMLS22 panel on liquidity between retail and institutional trading.

Siege's NetFix Draws Attention

NetFix, the Siege's new anonymous spot FX matching service, has been available since last September and has already gained popularity among top financial companies. The new service provides an anonymous mechanism to match offsetting fixing orders in advance of the publication of an FX benchmark.

"Driven by the needs of our Working Group of banks and buy-side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms, we have launched a service which improves fixing workflows for all parties, cuts transaction costs and delivers high rates of automation using our robust and secure core matching engine and low latency messaging infrastructure," Goulett commented back in September 2022.

At the time of NetFix's launch, the first of the company's services, MidPool, was connected to more than 50 sell- and buy-side firms.