SGX FX announced Hugh Whelan as the new Head of Liquidity Management and Data Strategy. This move follows Whelan’s extensive experience in the FX trading sector. He will bring new leadership to SGX FX’s strategic operations.
Whelan contributed to launching EBS Direct in 2013 under ICAP Plc. It is a bilateral FX trading platform offering spot, forwards, swaps, and metals. In 2018, he successfully managed its transition to NEX Group and its integration into CME Group. His tenure at EBS spanned over 10 years. Whelan led product innovation at EBS across three platforms: EBS Direct, EBS Select, and EBS Institutional. He built strong partnerships with liquidity providers, technology service providers, and other trading venues.
In addition to his work at EBS, Whelan co-founded FXSpotStream LLC and served as a Non-Executive Director for 3 years. He was Chairman of Twickenham Lawn Tennis Club for 6 years and a Chairman Advisory Board Member at TeachTennis-International for 4 years. He also held a Non-Executive Director role at Brickendon Consulting for over a year.
In the new role, Whelan will focus on expanding liquidity provider client segments. He will also be developing data products, and strengthening relationships with banks, brokers, and financial institutions. Whelan will also drive innovation to enhance SGX FX’s platform for liquidity providers.
This appointment will likely have these effects on traders and investors:
Whelan’s focus on expanding liquidity provider segments will likely enhance market depth and execution quality on SGX FX. It might provide more opportunities for traders to execute large orders with minimal slippage.
Traders and investors can expect enhanced features, faster trade execution, and advanced data products. It might improve their overall trading experience on SGX FX.
Whelan’s experience in building partnerships with banks, brokers, and financial institutions may lead to tighter spreads and more reliable price feeds.
Whelan’s role in data product development could introduce detailed insights on liquidity flows and post-trade analytics. It might empower investors to make more informed decisions.
SGX FX is a part of the Singapore Exchange Group. It is a key player in FX and derivatives markets. It specializes in offering access to exchange-traded FX futures and over-the-counter (OTC) markets. The platform supports liquidity management and trade execution for institutional investors and financial institutions. SGX FX aims to bridge FX futures and OTC markets to create a unified trading platform.
SGX FX looks to utilize Whelan’s deep industry expertise to grow in liquidity management and data strategy. His leadership is expected to bring innovation and stronger relationships with liquidity providers.
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