FCM360, a provider of trading system hosting and exchange connectivity, has promoted Ron Villarin, a former NYMEX energy trader and broker, to head its expanded energy trading and risk management and commodity trading and risk management (ETRM/CTRM) operations, according to a company statement.
FCM360 got its start serving the high-frequency, low-latency, foreign exchange (forex) trading community, offering strategic planning and infrastructure services to the financial sector.
The ETRM/CTRM divisions Villarin will oversee provide the infrastructure to facilitate businesses processes associated with managing energy and commodity trades, physical assets and financial instruments, officials say. Those processes include trade or position deal capture, risk management, deal settlement and invoicing.
“Our goal is to both expand and enhance our ETRM/CTRM services by replicating the quality of managed services and hosting that FCM360 provides to the global forex community,” says Villarin in a statement. “The service and advanced technology we are making available to the ETRM/CTRM market has already facilitated strategic cost-cutting initiatives and eliminated the operational risk associated with in-house infrastructure in North America, Europe, the Middle East Asia and Africa.”
Villarin joined FCM360 last year as a corporate director and has more than 18 years of experience in energy, commodities, foreign exchange and derivatives. He began his career as an energy trader, broker and risk manager at the NYMEX branches in Houston and Chicago, and went on to manage enterprise projects at Deloitte & Touche and Openlink Financial.
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