BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer.
MacGregor joins from the London Stock Exchange Group (LSEG), where he most recently served as chief executive of FX transactions.
Elsewhere in his career, MacGregor was EMEA head of sales and relationship management and chief executive, FX MTF business at Refinitiv.
Set to launch in the next few months, Blue X utilises BlueCrest developed technology and systems to offer a platform that is ‘inspired by traders, for traders’.
When launched, BlueX aims to provide a range of trading tools to offer global institutional market participants versatile trading solutions and workflow automation in one application.
“BlueX will aim to set a new gold standard in FX trading. BlueX’s commitment to integrating data analytics lies at the heart of its mission to empower traders to achieve optimal execution decisions in both a normalised and fast-paced FX market,” said MacGregor.
Among the key features the platform aims to provide are unique data driven execution for value generation; versatility in trading solutions; integrated workflow automation and access to multiple FX liquidity pools.
BlueX’s launch is subject to regulatory approval from the Jersey Financial Services Commission.
“The platform became the single execution venue for FX at BlueCrest thanks to its unique trading features and tools requested by the BlueCrest portfolio managers using it daily,” said Manuel Aranzana, head of systematic trading at BlueCrest Capital Management.
“BlueX is a mature, stable, and sophisticated solution and we are excited to pass on its legacy to an independent executive team, ably led by Graham MacGregor to harness its potential to revolutionise the trading landscape.”