Joseph Acosta Appointed As Deep Well Liquidity Management‘s Head of Sales & Execution

UK based liquidity service provider Deep Well Liquidity Management recently revealed via an announcement that the firm now has a new Head of Forex Sales and Execution. Deep Well Liquidity is a wholly owned subsidiary of Switzerland based interdealer broker and capital market financial service provider Tradition group. The move was first made public via changes made to Joseph’s LinkedIn profile according to which his tenure at the firm began in September of 2019. The incoming head of FX sales is highly skilled trader with more nearly three decades of experience consisting of wide array of sales, trading and management type roles. Prior to taking up his current role at UK based liquidity service provider, he served as Global Macro Executive Trader and Relationship Manager at Elenion Capital Management. Before his term at Elenion Capital Management, Joseph served as an FX Trader at R.J. O’ Brien& Associates LLC, the oldest and largest futures brokerage and clearing firm in USA for nineteen months.

Joseph Acosta

Prior to that he served as Director of BTIG for three and half years and as Global Macro Trader at QFS Asset Management L.P. for thirteen years prior to that spending a considerable part of his multi decade long career at the firm. Joseph started his career as Traders Assistant in Long Term Credit Bank of Japan in 1991 post graduating with a Bachelor’s degree in B.A. Economics from Canisius College. He then served as a trader at The Bankers Trust Company before joining QFS Asset Management. The move to hire Joseph is latest in series of senior role appointments at the firm as it aims to bolster product, operational and execution expertise in currency trading. As part of this effort, the firm last year reassigned seven senior managers to work on leading its expansion into global forex and fixed income trading. Joseph’s appointment to FX team comes at a critical time as Colin George, the head of forex and commodity sales and execution at the firm who was charged with setting up the firm’s US operations has decided to resign from the firm.

The outgoing executive took up his current role back in April of 2018 having joined the firm post a eight year term in Standard Chartered Bank in which he held similar role of handling FX sales operations. Around the same time as it began its efforts to expand in US, the firm also initiated plans to expand into Asia-Pacific and had hired Rodney Sherrard to serve out of Singapore handling expansion activities in Asia while Matt Yell who was hired at same time was assigned to Sydney to gain foothold in Australian market. Alongside these three, the firm also hired Alex Finney, Kieren McCormack, Ajay Patel and Tom Thatcher to serve out of London office and focus on handling various tasks related to global expansion activities.