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COESfx hires new president

Foreign exchange electronic communications network Currency Order Execution System (COESfx) has hired Ronald Balzano as its president in New York.

Reporting jointly to founder Michael Frey and chief operating officer Michael Weiner, he replaces Chris DeFilippo, who had joined COESfx last April (FX Week, April 21).

DeFilippo will remain with the firm in an advisory capacity and as a shareholder, said Weiner.

In a separate move, COESfx’s chief technology officer Emilio