FNG Exclusive… FNG has learned that Alan Scott has left 24-hour, OTC product trading platform 24 Exchange, to found his own startup in the sector, called Smart Money.
Alan Scott joined US based 24 Exchange three years ago as its Managing Director for EMEA out of London. He had previously worked in the institutional FX world as Managing Director, Enterprise Solutions for Integral Development Corp, and as Global Head Product and Liquidity at Deutsche Borse’s 360T.
Smart Money is partnering with 24 Exchange to provide a multi asset OTC Brokerage that enables intelligent trading of large positions and Synthetics (two or more linked trades) using hybrid Voice/Algo technology (Smart Trader Cockpit), with 24 Exchange as liquidity partner.
The company is starting with FX Spot and FIXING, and plans on adding on FX NDFs, FX Swaps/Forwards and Crypto in the near future.
Mr. Scott posted the following note on social media…
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