Profit & Loss Founder, Julie Ros Joins FX Platform 24 Exchange

24 Exchange, the OTC platform backed by Fastmatch founder Dmitri Galinov, has lured FX media veteran Julie Ros to join as a marketing and business development consultant.

Julie Ros founded Profit & Loss in 1999, which until November 2020 has published a print magazine twice a year, operated online news and events brand, as well as several other titles. While running two associated entities and managed a team located across the UK, US and Australia, Julie additionally launched several publications both print and online.

Julie Ros

Announcing the new hire, Dmitri Galinov, CEO and founder of 24 Exchange, said, “Julie’s understanding of the needs of the diverse set of global FX participants as well as her unmatched network of contacts across the FX industry are exactly what 24 Exchange needs to catapult the company forward. We are thrilled to have a global business development professional of her caliber and record of achievement helping our leadership team.”

Galinov added that his startup FX derivatives platform plans to leverage Julie’s marketing skills, extensive contacts and business insights. In her new role, Ros will lead 24 Exchange’s growth through a business development, marketing and external communications strategy.

The multi-asset venue claims to offer institutional market participants a more cost-effective way to trade FX NDFs through eliminating market data fees. 24 Exchange provides end-to-end processing, and workflow services across over the counter derivatives asset classes.

Beyond NDFs, other FX derivatives, including swaps and underlying currencies, would be traded soon on the offshore OTC venue, as well as possible expansion into equities and fixed income.

Julie Made the Toughest Decision of Her Life

“As a first-hand witness to the evolution of electronic trading, I’m excited to be working with such an accomplished group of executives to further enhance this innovative company’s forward momentum. 24 Exchange has a compelling business model and I’m excited to help the firm extend its global brand and continue its growth,” said Julie Ros.

During her lengthy career as a journalist covering FX markets since 1989, she developed relationships with senior executives at the international banks, investment firms, exchanges, central banks and regulatory agencies.

Julie made the toughest decision of her life a few months ago when she shut down the leading industry news portal, Profit & Loss. At the time, she said the magazine always enjoyed a strong readership even in tough times, but measures taken to slow the spread of COVID-19 have wrecked many businesses and in general disrupted the industry in unprecedented ways.

For over two decades, Profit & Loss has provided coverage of both the buy and sell sides of FX and recently expanded its coverage to include cryptocurrencies. The organization also held regular annual conferences in London, New York, Chicago, Scandinavia, Singapore and Latin America, as well as workshops for the HFT and fund management sectors and free audio webinars on a variety of industry topics.

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