THETRADETECHFX DAILY
news update
PEOPLE MOVES
Joshua Cantor joined Barclays as head of US real money FX sales. He is based in New York, following a 16-year tenure at JP Morgan where he most recently served as an executive director in currencies and emerging markets for institutional FX sales.
Toby Baker, head of FX trading at T. Rowe Price, retired from his role after more than 25 years at the real money asset manager.
Lloyd Beeston joined Marex as head of dealing for private markets alongside Jack Carnell, who takes on the role of head of portfolio solutions for private markets. Both join from Argentex Group, where Carnell served as a senior vice president and Beeston as a senior trader.
SELL-SIDE
State Street’ s LINK and BNP Paribas Cortex FX integrate to boost institutional TCA for FX clients
THE NEW OFFERING WILL ALLOW CLIENTS USING STATE STREET’ S FX CONNECT TO CARRY OUT IN-FLIGHT TCA AND ALGORITHMIC CONTROLS, TO ENHANCE VISIBILITY FOR EXECUTION QUALITY AND OVERSIGHT.
David Lynch joined ING as the firm’ s new global head of FX trading. The appointment marks an internal promotion for Lynch, who initially joined ING in 2016.
State Street named Chris Pizzotti as global head of FX sales and trading. He had most recently served as head of FX voice trading at the firm for seven years.
Andrei Kazantsev joined Citi as global head of FX exotics trading, based in London. Kazantsev most recently spent more than 15 years at Goldman Sachs.
State Street has integrated its LINK platform with BNP Paribas Cortex FX in a bid to enhance FX transparency and analytics for institutional clients.
The move marks an expansion of the ongoing connectivity between the two firms and will allow clients executing FX trades via State Street’ s FX Connect to make use of inflight TCA and algorithmic controls.
Through the integration, institutional clients are also expected to benefit from real-time visibility into execution quality, which in turn will support stronger governance and provide best execution oversight.
“ This integration reflects our continued focus on delivering greater transparency and insight across the FX trade lifecycle,” said Greg Fortuna, head of GlobalLINK at State Street.
“ By connecting LINK with BNP Paribas Cortex
FX, clients gain access to in-flight analytics and controls that support more informed execution and stronger governance.”
Moreover, the offering will also provide secure access to single sign on( SSO) and APIs, and marks the advancement of State Street’ s current FX ecosystem.
State Street has made developments within its FX offering over the past few months, and in July 2025, LoopFX launched as a live FX liquidity network, allowing clients’ trades to be matched within State Street’ s FX Connect.
The offering is set to address obstacles within the FX market surrounding counterparty selection and information leakage, by providing real-time, anonymous, mid-rate matching to allow institutional clients to execute larger trades with reduced market impact.
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