CME Group senior director exits

Malcolm Baker leaves the exchange in Singapore

A man running for the exit

Malcolm Baker, senior director, interest rates and foreign exchange products for Asia-Pacific at CME Group, has left the firm to set up an independent FX market-maker called Two Tens in London.

Baker worked at the exchange in Singapore for more than two years, reporting to London-based Will Patrick, executive director, FX products.

"Two Tens will focus on traditional market-making of FX across listed and over-the-counter markets. We will move into listed IRS (interest rate swaps) and Stirs

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