FXMarketSpace - the centrally-cleared foreign exchange marketplace established by Reuters and the Chicago Mercantile Exchange (CME) - has named four new senior hires to its global management team.
Jane Forster has been appointed global head of legal and compliance and will be based at the start-up's London office.
She joins from EBS where she was head of legal for the last six years, responsible for all legal and regulatory matters for the business globally.
Another EBS recruit is Dan Rosenburg. The former global head of solutions delivery at the rival interbank platform has been named global head of FXMarketSpace's customer solutions division in New York.
He'll be joined in New York by Yigal Oren, global head of operations, who has been appointed from Reuters.
Finally, Debra Rabichow, former chief operating officer (COO) at Chicago-based broker Goldenberg, Hehmeyer & Co, has been appointed global head of clearing and settlement at FXMarketSpace, based in Chicago.
Forster will report to Mark Robson, chief executive officer, FXMarketSpace, while the three others will report to chief operating officer Bryan Hunter.
Reuters and CME said in May that they were establishing FXMarketSpace to capitalise on demand for broader access to the FX market, the emergence of FX as an asset class, the growth of non-bank financial institutions in global FX markets and the growth of electronic and algorithmic trading.
A group of the world's largest banks - including ABN Amro, Citigroup, Credit Suisse, HSBC, JPMorgan and Merrill Lynch - along with several hedge funds and trading firms have already signed up to participate in FXMarketSpace, which is expected to launch in early 2007.