FX Week

Shock departure from Hotspot FX

In an announcement made last Thursday (August 10), Knight Capital Group said Eley had left the company, simultaneously revealing a new interim management team.

Robert Fleschler, 41, managing director and global head of sales at Knight Capital, and Steven Reich, 40, chief operating officer, are overseeing the subsidiary’s operations on an interim basis, the statement read.

The news came as a shock to many market participants, with mounting speculation over Eley’s departure. According to one b