LMAX Exchange, the FCA regulated MTF for FX, has appointed former Global Head of FX at ABN Amro, Patrick Bartle, to the newly created position of Global Head of FX Strategy. Patrick will be responsible for driving the global expansion of LMAX Exchange and will be based in North America, where over 25% of all FX trading takes place.
This appointment comes at an important time as LMAX Exchange embarks on continued global expansion. Patrick’s extensive FX expertise will significantly boost the company’s position in the market and add to the already strong technology and distribution focused teams.
Patrick’s international banking and trading career includes senior leadership roles at ABN Amro, RBS, Credit Suisse First Boston and Bank of America as well as Board Memberships at both, CLS and EBS.
Commenting on the appointment, David Mercer, CEO of LMAX Exchange said:
“Patrick will be a major asset as we expand into the global FX marketplace. His depth of knowledge and experience within FX at the top level of global banks is exactly what we need to move beyond the proof of concept stage to global market leadership.”
He continued, “With Patrick running our global FX strategy we expect to increase our growth rate, currently 20% per quarter, whilst continuing to provide an unrivalled combination of precision, consistency and transparency, especially through our growing Interbank offering.”
Patrick Bartle commented:
“In today’s environment the growing relevance of exchange-style execution in the FX marketplace cannot be understated. I am extremely impressed with both, the concept and the growth that David and the team have demonstrated over the past three years. This is an incredible opportunity to become a part of the LMAX Exchange team and to help drive the business forward in coming years.“
LMAX Exchange has grown rapidly over the last three years, and has been named the 15th fastest growing tech company in the UK by the Sunday Times. With monthly trading volumes growing at 250% year-on-year and its client base spanning across 80 countries, LMAX Exchange will benefit significantly from Patrick’s extensive expertise as it continues to focus on the successful execution of its global growth strategy.