e-Forex-Nov-23
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e-Forex-Nov-23

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THE E-FOREX INTERVIEW Offering a better way to trade FX StoneX Group Inc is a diversified financial services firm providing institutional traders access to deep global liquidity in markets all over the world. We spoke with Eric Donovan, Global Head of Institutional FX at the company, to learn more about the business he is running and the key people who are helping him. Eric Donovan 40 NOVEMBER 2023 e-FOREX

THE e-FOREX INTERVIEW Eric, you have been working in the financial trading industry for a long time. Please tell us a little about your background and career to date. I went to Rutgers University, close to NYC, which gave me some opportunities to work in the hedge fund and trading industry while I was still in college, so I was very lucky in that respect. After graduating I moved to Chicago and began working for an options market-making firm, where I became a floor trader in S&P 500 options. I did that for 5 years, then left to start a firm that was focused more on automated trading systems. The firm did very well through the financial crisis and the flash crash. In 2014, I decided to quit trading and go to law school, because I saw the industry changing so much after Dodd-Frank and it was getting harder and harder to survive as a small firm. Then, kind of on a whim, I took a job at StoneX which I planned to stay at for just a few months until my classes started. I ended up loving the company, withdrew from law school, and have been here for almost 9 years. That was one of the best decisions I ever made. What does your day-to-day job involve and what key responsibilities do you have? My energy is entirely focused on building the best experience imaginable for institutions involved in trading foreign exchange. That means building trading systems that continually lower our cost structure and improve performance, so we can deliver great products and services at a price point that provides real value. In addition, scale is significant so I also dedicate time to our sales and marketing efforts. What range of FX execution and Liquidity services does StoneX Pro offer and what mix and types of clients are you providing these for? StoneX Pro bundles everything needed to tap into the global FX market in a very simple, turnkey account structure. This includes institutional-grade liquidity in spot, forwards, NDF, options, NDOs, deliverable FX and interest rates swaps for corporate and financial institutions. Our clients range from asset managers, hedge funds, regional banks, financial institutions, money service businesses, and a global network of corporates. StoneX Pro has the support of your powerful parent company, StoneX Group Inc. What else do you think really sets StoneX Pro apart from other firms in this highly competitive business? StoneX Pro bundles everything needed to tap into the global FX market in a very simple, turnkey account structure NOVEMBER 2023 e-FOREX 41

THE E-FOREX INTERVIEW<br />

Offering a better<br />

way to trade FX<br />

StoneX Group Inc is a diversified<br />

financial services firm providing<br />

institutional traders access to deep<br />

global liquidity in markets all over the<br />

world. We spoke with Eric Donovan,<br />

Global Head of Institutional FX at the<br />

company, to learn more about the<br />

business he is running and the key<br />

people who are helping him.<br />

Eric Donovan<br />

40 NOVEMBER 20<strong>23</strong> e-FOREX

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