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.

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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 electronic communications network (ECN) 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.