Trading platforms: Hunter quits FXMarketSpace

Many participants in the foreign exchange market were shocked by the sudden departure of nascent trading platform FXMarketSpace’s chief operating officer, Bryan Hunter, on February 12. His exit came just days after he had helped present details of FXMarketSpace to the European Central Bank in Frankfurt with his long-time colleague Rick Sears.

Sources say that Hunter helped deliver a slick and professional presentation. Less than a week later, before news of his departure leaked out, FXMarketSpace, which is a the 50/50 joint venture between Reuters and the CME, announced that it had received its authorization from the UK’s Financial Services Authority as an alternative trading system.It also trumpeted the news that it had successfully completed its testing programme for customers, which included a bout of live trading.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access