24 Exchange, a multi-asset trading platform, has named James W. Watson as its new Head of OTC Market Data. This move is part of the company’s plan to strengthen its data capabilities as it gets ready to offer extened-hours-trading.

Watson shared this week that he has taken on a new London-based role, joining the company's 24X Bermuda Limited subsidiary. The appointment comes at a pivotal time for 24 Exchange, which recently received SEC approval to become the first national exchange to operate on a 23/5 basis, with plans to expand further.

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This hire shows 24 Exchange’s commitment to building a strong data infrastructure for its global, multi-asset trading platform. Reliable OTC market data is key for providing liquidity and accurate pricing in asset classes like FX Swaps and Forwards, which are core to the company’s services.

Watson brings years of experience in financial data. Before joining 24X, he spent over seven years at TraditionDATA, where he became Global Head of Data Sales & Marketing, and also worked as Chief Revenue Officer at NowCM.

His background in developing and selling data products fits 24 Exchange’s goal to offer strong data solutions for institutional clients. By hiring a data-focused leader like Watson, 24 Exchange is taking an important step toward its goal of changing traditional market hours and offering smooth access to FX and securities on its global trading platform.

Source: Finance Magnates