US Based CRT Capital Launches Institutional Foreign Exchange Trading

CRT Capital Group LLC, an independent institutional broker-dealer based in Stamford, Connecticut, today announced the launch of live foreign exchange trading for its global customer base, a capability which complements its broad range of existing client services.

“Seth, Klaus and I are thrilled to become part of CRT and to lead this exciting new initiative”

After deciding to add 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 trading capabilities earlier this year, CRT hired industry veterans Seth Garrett, Klaus Said and Alan Stuart to oversee the development of a full service forex business. Together, Messrs. Garrett, Said and Stuart bring extensive experience heading forex operations at top tier financial institutions, including JP Morgan, Credit Suisse and Société Générale. They are joined by a highly experienced team of execution, sales and transaction structuring professionals. Today’s launch represents the culmination of CRT’s efforts over the last year to build a premiere forex platform that combines best-in-class systems with a highly skilled execution and structuring team.

CRT’s forex business, which clears transactions through a prime brokerage agreement with Citibank NA, offers CRT’s institutional clients a full suite of forex product choices, including spot, forward, NdF, futures and options. Based in New York, the business will operate a 24-hour trading desk, enabling seamless order execution and management for CRT’s institutional client base with one contact point across all time zones.

“Seth, Klaus and I are thrilled to become part of CRT and to lead this exciting new initiative,” said Alan Stuart, Managing Director in CRT’s Foreign Exchange business. “CRT’s deep relationships with institutional clients were an important factor in choosing to join the firm, and we look forward to providing those clients with bespoke service and best-price execution of spot, forward and derivatives transactions across the full range of deliverable and non-deliverable currencies.”

“We are fortunate to have accomplished industry veterans such as Seth, Klaus and Alan leading CRT’s entry into foreign exchange trading,” said Ron Kripalani, CRT’s Chief Executive Officer. “By adding foreign exchange capabilities to our already robust list of products and services, we have taken another important step toward becoming the preferred choice for institutional clients seeking a diverse product platform, creative and informed idea generation and superior execution of their trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term strategies.”

CRT, which has over 20 years experience as an institutionally focused broker-dealer, continues to build a world-class organization delivering unsurpassed research and trade execution services to its clients by attracting best-in-class talent for its sales, trading, technology and support functions.