The executive director for e-trading at Standard Chartered in Singapore has departed to join LMAX Exchange in a newly created role.
Quentin Miller has been appointed head of institutional FX for Asia-Pacific and has been tasked with growing the exchange’s client base in the region.
He has extensive FX industry experience having held senior positions at Commerzbank, RBS and JP Morgan in both Singapore and London.
Miller will report to Scott Moffat, managing director for Asia-Pacific at LMAX, who explained the exchange has seen huge opportunity for growth in the region among banks, brokers, funds and asset managers.
“Driven by industry initiatives and regulatory reforms, the market is moving towards firm liquidity as clients require transparency, precision and consistency in execution,” he said.
“Furthermore, only trading on a central limit order book with streaming no ‘last look’ liquidity enables institutional investors to have full control of their trading strategies and their execution costs.”
LMAX added the new appointment will build on its distribution services for institutional clients, including its matching engine in Tokyo, and sales and operational hub in Hong Kong.