FX options veteran Martin Gymer to launch start-up

Start-up protecting investment

Martin Gymer, formerly global head of foreign exchange options at Danske Bank, and Kevin Tullett, a former FX broker at BGC Partners, are set to launch a new FX options agency brokerage, FXSales, next month. Both will be co-founders of the new venture, which will operate out of London.

FXSales will provide an execution-only service in over-the-counter FX options, aimed at hedge funds and non-market-making banks. There are currently 12 liquidity providers signed up, with a strategy to bring in a

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