Start-up 7Hedge plans to take FX spot to exchanges
7Hedge, a London-based start-up consultancy, technology vendor and educational firm in the foreign exchange market, has created a model designed to deliver FX spot liquidity to developing market exchanges, with a particular focus on China, Turkey, Iraq, Poland and eastern Europe.
Co-founded by Rafah Hanna, a market data consultant, and Michael Siwek, former institutional FX salesman at Gain Capital, the self-funded 7Hedge venture plans to make a series of strategic acquisitions and investments
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