FNG Exclusive… FNG has learned that cloud based institutional trading platform BidFX has hired longtime FX Connect executive Tak Koyama to be the company’s new Head of Japan.

Tak Koyama is one of the most experienced institutional FX executives in Japan. He spent 26 years with State Street from 1993-2019, acting as Head of FX Connect Japan for most of those years. FX Connect is State Street’s FX execution venue, part of the Boston based bank’s GlobalLink suite of e-trading platforms, technology and workflow solutions.

BidFX is a Singapore based institutional FX trading company. Control of BidFX was acquired by marketplace operator SGX earlier this year in a transaction which saw SGX pay USD $128 million to TradingScreen for the remaining 80% of the company. BidFX was previously a subsidiary of TradingScreen, which had been incubating it before spinning it off in 2017. SGX first acquired a 20% stake in BidFX in March 2019.