ADVANCED MARKETS TAPS DEPAOLIS FOR INSTITUTIONAL FX

Advanced Markets, a wholesale provider of foreign exchange liquidity, technology and credit solutions to banks and brokers, has hired Henry DePaolis a Director, Institutional FX. In his new role, DePaolis will focus on relationships with bank liquidity providersas well as institutional buy side market participants.

DePaolis has more than two decades of foreign exchange experience. He has held institutional foreign exchange sales and trading roles most recently at FXCM Pro and previously at ABN AMRO, HSBC USA and Republic National Bank.

“The un-intermediated element of our DMA market structure requires close collaboration among Advanced Markets, buy-side market participants and bank liquidity providers to optimize liquidity on the platform,” said Anthony Brocco, CEO and Founder of Advanced Markets. “We are fortunate to have someone with Henry’s deep experience and sterling reputation within the interbank and institutional investment communities join the firm as it expands further into the asset management sector.”

“Advanced Markets has brought significant innovation to its liquidity, technology and credit solutions, with real benefits for institutional traders,” said DePaolis. “The potential for expanding the firm’s institutional market penetration with its current product array as well as the potential for future innovation are extremely positive,” he added.