Siege FX Plans NetBook Launch in 2023, Appoints Head of Distribution

Siege FX, a
London-based operator of dark pools for foreign exchange, has announced the
appointment of Mathijs Peeters as a new European Head of Distribution. He
replaces Marek Robertson, who was promoted to the position of Chief Product
Officer (CPO).Siege FX Appoints New Head
of DistributionIn his
previous post in FX Distribution, Peeters was responsible for direct
counterparty business development. He brings over 25 years of professional experience
in the <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> (<a href=”https://www.financemagnates.com/tag/forex/” target=”_blank” rel=”follow”>FX</a>) industry to the table. In the past,
Peeters worked for BlueCrest as an FX FinTech Business Manager and for HSBC as the Director
of FX Institutional Sales. During a career spanning more than two decades, he
has held executive positions at Nomura and RBS in the institutional sales
departments.”We
continue to build on our growth and the launch of new services to scale the
business. With Mathijs responsible for distribution in Europe and Paul Alves
continuing to manage distribution in the Americas, we have a world-class
business development team. Their experience and extensive client relationships
will play a key role in support of our expansion,” Claude Goulet, the CEO of
Siege, commented on the appointment.Marek Robertson Becomes Siege
FX’s CPOThe former
Head of Distribution, Mark Robertson, who has been with the firm since 2019, was
promoted to <a href=”https://www.financemagnates.com/tag/cpo/” target=”_blank” rel=”follow”>CPO</a>. He has been involved in financial markets since 1998 and started
his career at the London branch of Banker Trust Company. For 14 consecutive
years, he served Barclays as its Chief Operating Officer of Global FX
and the Head of European Global eFX Sales.He was a
senior consultant at Appsbroker Fintech, PEN Partnership and New Change FX. Plus, in 2015, he co-founded a RegTech start-up SafeScribe, an early warning system for
employee electronic communications.His primary
role at Siege FX will focus on further developing Siege FX’s core services,
NetFix and MidPool. 10 of the top 20 investment banks and leading asset
managers currently use the company’s products. In the next few months, SiegeFX
wants to launch NetBook, an order compression and block order trading solution
for banks and asset managers in the FX space. Robertson will be responsible for
the development of this service.”I
would also like to congratulate Marek on his promotion to Chief Product
Officer, where his in-depth knowledge of the FX market will drive the
development of new services in collaboration with our bank and buy-side
participants,” Goulet added.Watch the recent FMLS22 panel on liquidity between retail and institutional trading.Siege’s NetFix Draws
AttentionNetFix, the
Siege’s new anonymous spot FX matching service, <a href=”https://www.financemagnates.com/institutional-forex/execution/siege-launches-anonymous-spot-fx-matching-platform-netfix/” target=”_blank” rel=”follow”>has been available since last
September</a> and has already gained popularity among top financial companies. The
new service provides an anonymous mechanism to match offsetting fixing orders
in advance of the publication of an FX benchmark.”Driven
by the needs of our Working Group of banks and <a href=”https://www.financemagnates.com/terms/b/buy-side/” class=”terms__secondary-term” id=”a524a993-3e41-480b-9c08-128056958173″ target=”_blank”>buy-side</a> firms, we have launched
a service which improves fixing workflows for all parties, cuts transaction
costs and delivers high rates of automation using our robust and secure core
matching engine and low latency messaging infrastructure,” Goulett
commented back in September 2022.At the time
of NetFix’s launch, the first of the company’s services, MidPool, was connected
to more than 50 sell- and <a href=”https://www.financemagnates.com/tag/buy-side/” target=”_blank” rel=”follow”>buy-side</a> firms.