Lucera Embarks on a European Expansion Led by Frank van Zegveld

One of the leading technology service providers in the eFX industry, Lucera, is committing to the European market with a new hire. The firm announced that Frank van Zegveld is joining them to lead the company’s expansion in the region and work on securing a bigger market share.

Mr van Zegveld joins the company after spending over five years at SolidFX as Head of Sales and Business Development which he left earlier this summer.

Commenting to Finance Magnates, Mr van Zegveld said: “Lucera will be focusing its expansion efforts in Europe on two products - Lucera Connect and LumeFX. We have already established a client base which is primarily based in London. The focus areas of our geographic expansion are across the EMEA region and in Asia.”

The Lucera Connect network solution is designed to manage connectivity for institutional financial clients. The product has a fast time to market with dedicated connections at Equinix NY4, LD5, and CH2. The solution is already used to power 7 ECNs or exchanges across the financial industry.

The LumeFX product is Lucera’s foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) solution with a distributed matching engine. Used to power over 10 marketplaces in the eFX industry, it’s infrastructure is co-located at Equinix NY4, LD4, TY3, and CH2. The eFX platform has an integrated and fully transparent pre-credit, TCA and order trail managers with the option to connect on-net clients via the Lucera Connect product.

LumeFX technology enables every client to run its own instance of the platform, thereby removing any possibility for a single point of failure.

Mr van Zegveld will be leading the EMEA expansion effort from Amsterdam, where he also spent most of his time while working for SolidFX.