Velocity Trade appoints new head of institutional FX
15 April 2013 Toronto
Image: Shutterstock
Sal Provenzano has joined the senior management team of Velocity Trade as the head of institutional FX.
In his new role, Provenzano will be responsible for enhancing the development of Velocity Trade’s business initiatives, including relationships with new and existing FX prime brokers, FX liquidity provision and relationships with trading platforms.
Provenzano previously held the role of global head of FX prime brokerage at Prudential Bache.
Simon Law, Velocity Trade principal partner, said: “We’ve focused a lot on developing a superior FX offering and establishing global services centres, both of which are proving to offer significant advantages to institutional traders. Our value proposition is clear. Now it’s a matter of getting it to the widest audience.”
“Provenzano has a depth of foreign exchange experience that was very attractive to Velocity Trade, specifically in terms of his ability to cultivate and support FX channels.”
In his new role, Provenzano will be responsible for enhancing the development of Velocity Trade’s business initiatives, including relationships with new and existing FX prime brokers, FX liquidity provision and relationships with trading platforms.
Provenzano previously held the role of global head of FX prime brokerage at Prudential Bache.
Simon Law, Velocity Trade principal partner, said: “We’ve focused a lot on developing a superior FX offering and establishing global services centres, both of which are proving to offer significant advantages to institutional traders. Our value proposition is clear. Now it’s a matter of getting it to the widest audience.”
“Provenzano has a depth of foreign exchange experience that was very attractive to Velocity Trade, specifically in terms of his ability to cultivate and support FX channels.”
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