Velocity Trade appoints new head of institutional FX
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Velocity Trade appoints new head of institutional FX 15 April 2013Toronto Reporter: Jenna Jones
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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鈥檚 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: 鈥淲e鈥檝e 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鈥檚 a matter of getting it to the widest audience.鈥�
鈥淧rovenzano 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.鈥�
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