Barclays Appoints Alex Shterenberg as Global Head of G10 and EM eFX Trading

Maria Nikolova

Mr. Shterenberg will be responsible for leading Barclays’ electronic FX trading business globally.

Barclays today announces the appointment of Alex Shterenberg as Global Head of G10 and EM eFX Trading, based in New York. Mr. Shterenberg will be responsible for leading Barclays’ electronic FX trading business globally.

Mr. Shterenberg joins Barclays with almost 20 years of industry experience. Most recently he served as Global Head of FX Algorithmic Execution and Head of eFX Trading for the Americas at Bank of America Merrill Lynch where he led the development of pricing and hedging models as well as FX algorithmic products.

Prior to Bank of America Merrill Lynch, Mr. Shterenberg was Global Head of FX Execution Services at JP Morgan, responsible for designing and implementing new algorithms, models, and tools. Before joining JP Morgan in 2007, he was a senior consultant and developer at Broadway Technology and earlier worked in Equities Market Data and Trade Execution Technology at UBS.

Fabio Madar, Global Head of G10 Foreign Exchange Trading and Distribution, said: “Alex is one of the most innovative eFX trading professionals in the industry and brings extensive market and technical knowledge as well as client understanding to the role. Barclays has a strong legacy in electronic FX and Alex’s appointment will help us accelerate our electronic strategy as we continue to invest in the Markets business to better serve clients.”

Read this next

Institutional FX

Invast Global ramps up its offering with 10 soft commodity CFDs

Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

<