FNG Exclusive… FNG has learned that trading platform startup Reactive Markets has made another senior business development hire, adding Matthew Cavallo as Director of Business Development. Mr. Cavallo will be responsible for covering the Americas for Reactive.

We had reported earlier this year that Reactive expanded its footprint to the UK and Europe, adding London based Henry Durrant as Head of Business Development for Europe. Mr. Durrant joined Reactive after spending the past two years at institutional FX venue FXSpotStream.

Matthew Cavallo joins Reactive Markets from TOKKYO FX, where he was Regional Head of Liquidity Management for the past year. He also worked at 360 Trading Networks (2018-2020) and at GTX (2016-2018) in senior business development roles.

London based Reactive Markets provides ultra low latency institutional trading network infrastructure for FX and Digital markets. The company was set up in 2019 by three tech-focused colleagues from Voltaire Capital – Mark Aylett, Phil Morris, and Mark McDowell. Reactive went live last year with its high performance trading technology platform for FX, Crypto and Cloud. The company announced a partnership with leading FX Prime-of-Prime broker IS Prime in March 2021.

Reactive Markets posted the following note about Mr. Cavallo’s hiring on social media:

A big welcome to the team Matthew Cavallo who joins us to head up our Business Development efforts in the Americas. Matt brings a wealth of experience in institutional trading, technology and prime brokerage and will be playing a key role in the global growth of the Switchboard network! #digitalassets #fxtrading #electronictrading