Kooltra, a provider of cloud-based, integrated middle and back-office technology for foreign exchange markets revealed the appointment of a new c-level executive at the firm in its recent updates.
As per the statement released by the firm, it has appointed James “Jay” Green as the new Chief Executive Officer. Mr. Green succeeds founder Adam Katz, who has now taken on the role of Chief Product Officer and will be in charge of leading Kooltra’s product strategy, engineering, and product development teams.
Green has more than 25 years of experience in capital markets trading, sales, and e-commerce for several Fortune 500 financial services companies. Prior to joining Kooltra, he held executive positions at major banks, including US Bank, Morgan Stanley, and Citi. Green was also Head of Business Development and a member of the executive management team at Integral, a Silicon Valley-based technology business.
Speaking about his new role at the firm Mr. Green said, “Kooltra is transforming the way FX brokers execute trades. I look forward to building on the success to date and helping to drive even more efficient FX workflows by introducing comprehensive and integrative technology across the industry”.
Speaking on the same note, Mr. Adam Katz, Kooltra’s founder said, “Our mission at Kooltra is to enable all FX market participants – from brokers to banks – gain access to enterprise-grade technology. Jay’s deep capital markets experience positions us well to achieve this goal and deliver on Kooltra’s vision to streamline post-trade FX and payment operations for all types and sizes of institutions”.
Kooltra has extended its FX Core modular solution and comprehensive middle-to-back office workflows to add support for FX payments, including integration with third-party payment systems. In addition, the solution supports a wide range of compliance capabilities to manage risks.
To those who are hearing about the firm for the first time, Kooltra is a provider of the integrated front, middle and back-office SaaS solutions which focus on supporting post-trade operations for FX brokers and international payment companies. The firm was founded by FX experts in 2012 and is headquartered in Toronto, Canada.
Backed by Hyde Park Venture Partners, Round 13 Capital, Salesforce Ventures and Real Ventures, Kooltra’s cloud-based platform speeds time-to-market, provides an innovative competitive alternative to legacy FX systems, and integrates easily with multiple trading systems and liquidity providers. Built on Salesforce, Kooltra provides customers with a secure and stable infrastructure for data storage, mining, and on-demand reporting capabilities.
Source: Official PR.