The FXPA has confirmed that Fidelity International has joined as the association’s newest buy-side member, further broadening its membership base.
Head of global FX trading, Nigell Todd, has joined as Fidelity’s advisory member.
Susan Dauber, chair of FXPA, head of legal and regulatory at Euronext FX, and chair of Euronext Markets Singapore, said: “We are thrilled to gain Nigell’s input on a variety of issues that our working groups are tackling this year. We welcome Nigell and his colleagues at Fidelity International into this intentionally diverse organisation.”
Set up in 2014, the FXPA tackles global regulations which have the power to transform the market, representing the collective interests of institutional FX entities. It specifically works towards a more transparent, liquid and competitive global currency market through education, research, and advocacy.
Its founding members included buy-side firms, exchanges and technology companies, such as: BNY Mellon, CalPERs, CME Group, GFI Group, LCH.Clearnet and Traiana.
Read more – Fidelity equity trader departs for pastures new after 22 years
Todd highlighted the key areas of focus of the association: “FXPA’s work in areas that impact buy-side traders of FX is what attracted me to the association. FXPA’s recent focus on the FX implications for buy-side traders given next year’s planned move to T+1 settlement for US and Canadian equities has been of particular interest.
“We look forward to working with industry colleagues from across the market landscape on this important issue.”