FNG Exclusive… FNG has learned that well-known and experienced FX industry executive Tim Cartledge has joined the board of directors of 24Exchange. He will serve as a non-executive director at 24Exchange.

24Exchange (24exchange.net) is an OTC ECN, with its initial focus on FX derivatives via non-deliverable forwards (NDFs). 24Exchange says that it is addressing market challenges such as fragmented pools of liquidity and increasingly costly access fees and data. The Bermuda-based company was founded last year by former FastMatch CEO Dmitri Galinov, after selling FastMatch to Euronext for $153 million.

Tim Cartledge used to be a competitor of Mr. Galinov. From 2015 to 2019 he served as Head of Forex institutional ECN EBS, and Head of FX Product for EBS’s owners CME Group and NEX. Tim had spent more than 10 years in a variety of senior FX market related roles for Barclays before joining EBS.