J.P. Morgan's Andrew Parry Elected as Co-Chair of the FPL Global Derivatives Committee

Andrew Parry of J.P. Morgan Investment Bank was elected Co-Chair of the FPL Global Derivatives Committee, according to the organization’s release. In this new position, Parry, who is based in London will work alongside Co-Chair Taylor Dragon of New edge Financial to lead the organization’s efforts to develop the FIX Protocol in a way that meets the evolving requirements of the derivatives asset class and promote more standardization within the space.

Parry is currently a lead architect within Global Equity Derivatives at J.P. Morgan’s Investment Bank. Prior to joining the firm, he held a range of different positions at Deutsche Bank and Instinet.

Commenting on his recent election, Parry, stated:” Adoption of the protocol has increased significantly over recent years and it has become central to both the cash and derivative product markets. FIX has achieved this growth because it presents a pragmatic and valuable solution that can be applied to the real world challenges of automating and integrating the financial markets. Within this position, I look forward to working closely with industry participants to continue to shape this growth as we move into a world which is likely to feature reduced product complexity, greater regulation, ever-increasing volumes and lower margins,” stated Parry in the release.

In the release FPL thanked John Munro of Rolfe & Nolan who served as co-chair of the FPL Global Derivatives Committee for the past six years on behalf of the Futures Industry Association (FIA). FPL and FIX have a statement of understanding to work collaboratively to promote the use of standards within the futures and options market. The FIA selected Dragon as its chosen representative for the next term.

In other news, FPL announced that Jay Hurley of Morgan Stanley has recently been re-elected as Co-Chair of the FPL Global Foreign Exchange Committee, a position he has held since July 2007. Hurley is currently based in Hong Kong and has more than 10 years experience within the investment banking industry working primarily on FIX-based electronic trading solutions for equity and foreign exchange products. He will continue to serve in this position alongside Co-Chair Bill Specht of Currenex.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio