FinTech connectivity provider 4OTC has appointed Kyle Jannece as Head of Business Development. In this role, Jannece will lead the company's efforts to work with banks in both cryptocurrency and foreign exchange markets.

4OTC Appoints Kyle Jannece as Head of Business Development

Jannece, who previously managed Global Sales and Business Development for CME Group's eFix Matching Service, will focus on capturing requirements from banks entering the Digital Asset space while expanding 4OTC's existing FX product suite.

At CME Group (EBS), Jannece transformed the eFix Matching Service from a newly launched product into what became the global central utility for banks to net their client benchmark fixing risk. His background includes extensive experience in Account Management and Product Development within the FX industry.

“I’m very happy to be part of such a dynamic and enthusiastic team,” said Jannece “and I look forward to meeting with banks and buy-side firms to find out how 4OTC can help them optimize their connectivity in these rapidly evolving markets.”

Jannece began his career over 20 years ago at ICAP before moving to EBS. After five years, he briefly joined LCG before spending two years at LMAX Exchange. In 2015, he returned to EBS and CME, where he has served as Head of Mid-Matching ever since.

SAB 121

The appointment comes as the recent repeal of SAB 121 has opened the door for U.S. banks to enter the digital assets market. Jannece joins a focused business development team that includes Co-founder Alexis Atkinson and Head of Digital Assets, Rob Wing.

“Kyle’s initial focus will be to understand the requirements of banks entering the Digital Asset space and ensuring our products are customized to meet their needs,” commented Atkinson. “

The repeal of SAB 121 now allows US banks to enter the Digital Assets market and with 1API we have a battle-tested product, already in use for market connectivity by a number of leading Dealers in the space.”

4OTC provides ultra-low latency, scalable connectivity infrastructure for trading desks in both FX and crypto markets.