A prominent fintech connectivity provider has announced a key appointment in its business development team. Kyle Jannece has been named the Head of Business Development, a role in which he is set to spearhead initiatives aimed at collaborating with banks in the cryptocurrency and foreign exchange sectors.
Jannece brings a wealth of experience to this position, having previously overseen Global Sales and Business Development for CME Group’s eFix Matching Service. His immediate focus will be on understanding the needs of banks venturing into the digital asset arena while also seeking to enhance the firm’s current foreign exchange product offerings.
During his tenure at the CME Group, Jannece significantly advanced the eFix Matching Service, evolving it from a nascent product into a globally recognized utility that allows banks to effectively manage their client benchmark fixing risks. He possesses an extensive background in account management and product development, specifically within the foreign exchange industry.
Expressing enthusiasm about joining the team, Jannece remarked on the dynamic nature of the organization and highlighted his eagerness to engage with banks and buy-side entities. He aims to demonstrate how the organization can optimize connectivity for these financial institutions in a landscape that is rapidly changing due to the growth of fintech and digital assets.
With over two decades of experience in the industry, Jannece’s career began at ICAP before he transitioned to EBS. After a brief stint with London Capital Group (LCG) and two years at LMAX Exchange, he returned to EBS and CME Group in 2015, where he held the position of Head of Mid-Matching.
This announcement comes on the heels of a significant regulatory development: the repeal of SAB 121, which has now paved the way for U.S. banks to enter the digital assets market. Jannece’s addition bolsters a dedicated business development team that includes professionals focused on digital assets.
As part of his role, Jannece will concentrate on understanding and addressing the requirements of banks as they explore the digital asset space. His insights will play a vital role in ensuring that the organization’s products are tailored to meet the evolving needs of these institutions.
The repeal of SAB 121 not only invites U.S. banks into the digital assets market but also presents new opportunities for the organization, which offers a robust product known as 1API. This solution is already recognized for its effectiveness in facilitating market connectivity for several leading players in the financial sector.
The company delivers ultra-low latency and scalable connectivity infrastructure specifically designed for trading desks, catering to both the foreign exchange and cryptocurrency markets. This infrastructure is critical in supporting the growing demands of a financial landscape increasingly influenced by digital assets and innovative technologies.