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Screenshot of a breaking news alert e-mail from Q2 2017
FAM Clearing, LLC, a joint venture between Fortex, Inc., a leading FX ECN trading platform, and Advanced Markets, a wholesale provider of liquidity, technology, and credit solutions to banks and brokers, announced today the two new executive appointments.
Satomi Toyoshima has been appointed as a Managing Director of Japan Operations for FAM Clearing. Mrs. Toyoshima brings more than six years of experience in the institutional foreign exchange sector. Before joining FAM Clearing, LLC, Mrs. Toyoshima held senior management positions at several institutional FX firms and was most recently Managing Director of CFH Systems Japan since 2014, where she was responsible for executing company’s strategy in the country. CFH was acquired late last year by Playtech PLC (LON:PTEC) for #120 million.
FAM Clearing has added another former CFH Japan executive, Toshiaki Chiyoda, as Head of Sales – Japan. Mr. Chiyoda brings more than 18 years of business leadership experience and a unique understanding of the complex Japanese FX environment. Mr. Chiyoda has been immersed in the Japanese FX market from retail FX sales to highly involved B2B FX arrangements. Before joining FAM Clearing, Mr. Chiyoda held positions of progressive leadership at CFH Systems Japan, Boston Technologies Japan, Yasuda Kasai Kaijyo Insurance Inc. and Gaitame Online.
Satomi Toyoshima said of joining FAM Clearing,
Our team is looking forward to bringing new innovative FX technology and the highest quality FX prime of prime services to Japan.
Japan is the largest retail FX market in the world and it stands strong after events of extreme volatility that have shaken up western markets and caused a series of regulatory changes. Strict regulations and demand for accuracy set high requirements for FX brokers in Japan. FAM Clearing’s products and services have a proven track record of passing through rigorous checks and meeting the highest quality standards.
Advanced Markets and Fortex have established themselves as market leaders in FX Technology and the FX Prime of Prime space and offer many benefits to Japanese companies by improving its execution performance, quality of fills and offering new trading interfaces. We are very excited to join a company that has superior technology and liquidity offerings, is growing exponentially and has a great acceptance by clients. We are looking forward to leveraging our industry expertise to expand the company’s global presence.
FAM Clearing, LLC is a joint venture which enables the two companies, Fortex and Advanced Markets, 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 12, 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, and Limassol.