Charlotte, North Carolina – March 12, 2018 – FAM Clearing, LLC., a joint venture between Advanced Markets Ltd, a wholesale provider of liquidity, technology, and credit solutions to banks and brokers and Fortex, Inc., a leading FX ECN trading platform, today announced the appointment of Raphael Ribeaucourt as a Vice President of Institutional Sales.
Raphael joins FAM Clearing from PrimeXM where he spent 8 years as a Head of Business Development and was instrumental in driving PrimeXM’s expansion. Prior to PrimeXM, Raphael spent a number of years at Baxter Financial Services, where he held the role of Senior Sales Executive. He has a very well-established track record, having worked for over 12 years in key leadership roles in the financial services and technology industries.
In his new role, Raphael will be responsible for driving the companies’ growth in Europe, and beyond, by leveraging his institutional knowledge of both the financial technology and prime brokerage space. This is a significant addition to the rapidly growing senior leadership team within the Advanced Markets and Fortex partnership.
“I am pleased to welcome Raphael to the FAM Clearing team. He joins us with the type of demonstrated business leadership experience that will help us in supporting our global growth trajectory. We know that Raphael’s contribution to the team will augment our continued goal of injecting full transparency into the financial markets and in bringing quality service to the margin FX space”, said Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc.
“It is a great pleasure and honor to join FAM Clearing. I have long respected their state of the art prime of prime services and pioneering technology and I’m very much looking forward to helping grow this business globally and exponentially”, commented Raphael Ribeaucourt.
About FAM Clearing, LLC
The joint venture enables the two companies to provide prime-of-prime (PoP) services and end-to-end trading technologies to a large number of FX market participants that are looking to establish a complete solution for credit and liquidity relationships.
The FAM Clearing, LLC joint venture has its own business development and marketing team of 15, led by Natallia Hunik, Global Head of Sales. The joint venture extends access to the Prime of Prime service offering through locations in Boston, London, Tokyo and Limassol.
About Advanced Markets Ltd
Advanced Markets Ltd is a wholesale provider of liquidity, technology and credit solutions to institutional clients globally, clients such as brokers, fund managers, hedge funds and CTAs (commodity trading advisors). The firm’s products support direct market access (DMA) trading in spot FX, energies, precious metals as well as CFDs (contracts for difference) in global indices and commodities. Through our extensive client base, we estimate that Advanced Markets liquidity ultimately serves more than 40,000 institutional and individual clients in more than 30 countries globally. The company is privately held. Outside investors include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank and BGC Partners.
About Fortex Inc.
Fortex Inc. is the world’s leading ECN platform, with $12 billion in currency, metals, energy, and CFD trades and 500,000 tickets a day for tens of thousands of traders around the world. The company’s powerful Fortex platform, Fortex 6 application for traders, sophisticated cloud infrastructure, and middleware solutions have revolutionized currency, commodity, and equity trading. Today, traders, broker dealers, market makers, money managers, banks, hedge funds, and investors around the world rely on Fortex to accelerate trade execution and support sophisticated trading strategies. And the most successful currency trading firms have built their FX businesses on the Fortex platform. Fortex is headquartered in Redwood Shores, California with offices in New York, Boston, Hong Kong, Shanghai, and London. The company is privately held.