Institutional Liquidity hires five in Chicago


US-based foreign exchange liquidity aggregation firm Institutional Liquidity (ILQ) has hired five FX traders to form a new team in Chicago.

The team, consisting of Andrea Arnold, Andrew Rossman, Phil Rausch and Kristopher Gaytko, will be headed by Greg Cieply, who will act as senior vice-president and branch manager, responsible for driving new initiatives in the institutional space. He joins from foreign exchange brokerage Fixi and has also worked at ADM Derivatives, Bank of Montreal, Refco and

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