Financial markets data science firm FairXchange has recruited FX Prime brokerage veteran Martin Bradford as the company’s chief operating officer (COO).
Bradford brings nearly 22 years of experience to the London-based firm and will join its management team after working in a variety of global banks and exchanges in operations and C-level positions.
Bradford had served most recently as a solutions business director within the Data & Analytics division at London Stock Exchange Group (LSEG). During a three-year tenure, he was tasked with leading and delivering SaaS, cloud, and Big Tech solutions with data platforms and services.
Outside the traditional finance domain, Bradford had assumed senior roles in the financial services divisions at Google Cloud and Microsoft. Earlier in his career, he held FX prime brokerage director and senior sales roles at Credit Suisse, Morgan Stanley, RBS Global Banking and Markets, and JPMorgan Chase & Co.
Guy Hopkins, Founder and CEO, FairXchange said: “Being part of United Fintech has opened up a wealth of new opportunities for us, paving the way for the creation of our new COO role. We are absolutely thrilled to welcome Martin to FairXchange. His track record speaks for itself, with deep experience and knowledge across capital markets, technology and data. He joins us at an incredibly exciting time of rapid growth and will play a central role in shaping our trajectory as we scale.”
Martin Bradford added: “I am delighted to join FairXchange to help scale the company’s noble mission of enabling more transparent Foreign Exchange trading for all market participants. There is a clear gap in the market for the innovative Horizon platform to help improve trading relationships through insightful liquidity analytics.”
In 2021, United Fintech, a London-based start-up looking to buy a slate of capital markets fintechs, acquired a minority stake in data science and execution performance analytics specialist, FairXchange.
United Fintech has taken a 25% stake in FairXchange for an undisclosed amount, with the intention of fully acquiring the firm over the next few years through a multi-stage takeover.
FairXchange was founded in 2016 by Guy Hopkins, a former Bloomberg veteran and head of FX at Morgan Stanley. The data science firm specializes in microstructural analysis of financial markets and brings to participants better transparency around execution performance.
FairXchange, which has no affiliation with any liquidity providers or trading venues, is already being used by an extensive client base including a number of global financial institutions. The company’s analytical product, Horizon, analyzes all relevant transaction and pricing data and helps facilitate mutually profitable data-driven discussions with its liquidity providers and liquidity consumers.