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Cowen Outsourced trading Expands offering in overseas change, Commodities and Futures
proven veterans Alan Circle and Martin Ferraro be a part of company to lead new asset courses
ny, April 15, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (COWN) (“Cowen” or the “business”) today announced that Alan Circle and Martin Ferraro have joined the enterprise’s Outsourced trading division as Managing administrators and Co-Heads of foreign change, Commodities and Futures. in their new positions, Messrs. Circle and Ferraro deliver many years of adventure in these asset courses, where Cowen purchasers are more and more lively. they will lead the increased carrier offering to the company’s existing consumers, whereas actively extending the reach of Cowen’s Outsourced trading to a broader international audience. both Managing administrators are based mostly in big apple and report to Michael Rosen and Jack Seibald, world Co-Heads of leading Brokerage and Outsourced trading. it's expected that further group members will be employed in London and Hong Kong over the course of the 12 months.
”The addition of international exchange, Commodities and Futures marks a vital building for Cowen’s Outsourced trading effort and continues the company’s momentum towards establishing a complete world, multi-asset category answer for our customers,” noted Mr. Rosen. “long dependent in global equities, Cowen has built a robust group of committed personnel within the US and UK with derivatives and fixed income adventure over the last year, and we can additionally supply world-classification provider in these additional asset classes.”
Mr. Seibald delivered, “we're overjoyed to have Alan and Marty be a part of Cowen’s Outsourced buying and selling team, additional increasing our client offering round FX, commodities and futures. As pro experts with prolonged careers trading these vital asset courses on each the purchase- and promote-aspects, Alan and Marty carry effective relationships, market talents and dedication to customer carrier. These traits align with Cowen’s philosophy and commitment to help our shoppers outperform via providing excellent carrier and execution across asset courses.”
Alan Circle joins Cowen from BTIG, the place for over seven years he was Managing Director and Co-Head of overseas trade, Commodities and Futures. previous to BTIG, he spent six years with financial institution of america as Managing Director and Head of international Institutional FX earnings and has additionally held similar roles in FX with HSBC, J.P. Morgan and PFG greatest. Mr. Circle holds a BS from the institution of Vermont and an MBA from the stern faculty of business at NYU.
Martin Ferraro joins Cowen from BTIG, where he was Managing Director and Co-Head of FX, Commodities and Futures. just before BTIG, Mr. Ferraro spent eight years with BNP Paribas as Managing Director and Head of Institutional FX sales and held identical roles in FX with Lehman Brothers, J.P. Morgan and PFG most useful. Mr. Ferraro holds a BA in English from the university of Delaware.
“We’re very excited to mix the complete depth of our overseas alternate offering and client carrier adventure with the breadth of Cowen’s global footprint and capital markets platform. It’s a special chance to join Cowen and become part of a company that has been assisting valued clientele outperform for over 100 years. We seem forward to using the transformation of the enterprise’s overseas exchange, futures and commodities groups and are dedicated to offering the market-main carrier and solutions that Cowen’s outsourced trading consumers have come to predict,” pointed out Circle and Ferraro.
About Cowen Inc.
Cowen Inc. (“Cowen” or the “enterprise”) is a different fiscal functions enterprise offering investment banking services, fairness and credit score research, sales and buying and selling, prime brokerage, global clearing, commission administration functions and actively managed alternative funding items. Cowen specializes in providing price-introduced capabilities to our purchasers in an effort to help them outperform. founded in 1918, the company is headquartered in big apple and has offices international. be trained greater at Cowen.com.
© 2020 Cowen prime features LLC Member FINRA/SIPC. All Rights Reserved.
Media Contacts:
Gagnier CommunicationsDan Gagnier / Jeffrey Mathews646-569-5897dg@gagnierfc.com
JPMorgan Launches digital foreign exchange trading & Pricing Engine in Singapore
world monetary features tremendous JPMorgan lately announced it has dependent an digital overseas change (FX) trading and pricing engine in Singapore. The launch was peculiarly launched with guide from the fiscal Authority of Singapore (MAS).
JPMorgan mentioned that the new buying and selling engine, which became first introduced in August 2019, is the economic group’s fourth digital FX trading infrastructure. It permits valued clientele to habits FX transactions money owed to their geographical locations in addition to adding to its existing systems in new york, London, and Tokyo. Gillian Tan, govt Director of financial Markets building branch at MAS, in the past defined:
“With the increase in Asia’s FX buying and selling wants and extending demand for extra effective expense discovery within the Asian time-zone, regional market participants will advantage from more desirable connectivity and latency in addition to improved pricing and exchange execution within the Singapore FX digital buying and selling ecosystem.”
Sudhanshu Sanadhya, Head of Asia Currencies and emerging Markets trading at JPMorgan, spoke about the launch via stating that the platform will aid to help the “raise buying and selling flows” he and his team are seeing in Asia’s FX buying and selling. Sanadhya brought:
“With market volumes and volatility at record ranges, we’re completely happy to provide purchasers with extra infrastructure to help their global expense discovery and liquidity needs at this kind of vital juncture.”
international trade
foreign alternate is the buying and selling of 1 foreign money for another. for instance, you can still swap the U.S. dollar for the euro. overseas trade transactions can take area on the foreign exchange market, also referred to as the forex Market.
The currency trading market is the largest, most liquid market in the world, with trillions of dollars altering hands daily. There isn't any centralized area, somewhat the currency exchange market is an electronic community of banks, brokers, associations, and particular person traders.
(supply: investopedia.com)
