First Derivatives Plans FX SEF Launch

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First Derivatives plans to expand its SEF offering to eventually include CFDs.

The technology provider also announced that it will be hiring James Sanders as its chief compliance officer, who formerly served in the same post at currency-trading firm FXCM.

"It's something we've been pondering for a number of months," says Kevin Cunningham, executive director at First Derivatives. "It was really decided based on our client base, both now and what we project in the future. If we want to be a serious player in this market then we need to do it."

First Derivatives will use its

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