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Foreign Exchange

People moves: All aboard FXall

FXall has appointed two electronic trading heavyweights to its board. The first is Jerry Putnam, who is at present a senior adviser to NYSE Euronext. Putnam founded and led Archipelago, and so played a huge role in moving the US equity markets out of the pits where they seemed until recently happy to reside and on to electronic trading screens. The second new appointment is Eddie Wen, who is global head of FX e-commerce at JPMorgan. Previously, Wen was the head of quantitative and algorithmic trading strategies at Goldman Sachs.

FXall has also announced that Matt Frymier, head of the strategic investments group at Bank of America, and Ray Kamrath, managing director at Goldman Sachs in the fixed income, commodity, and currency division, have both been elected to the board.

“We are delighted to welcome Jerry and Eddie to the board. Together they bring an outstanding track record of leadership in electronic trading and a comprehensive understanding of the issues facing traders in today’s market,” says Phil Weisberg, FXall’s chief executive.

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