Launching in Q4, 2020 subject to regulatory approval
|FOR IMMEDIATE RELEASE:
January 14, 2020
|CONTACT: Jim Davies
EVP, Corporate Development
“tFOSE Group Holdings Inc. Excels with Industry Experts”
Fintech organization secures experts who champion unique exchange products
January 14, 2020 – Toronto, Canada – Toronto Futures Options Swaps Exchange Group Holdings Inc., which operates as tFOSE, has proudly outlined their executive team. The Canadian derivates exchange, which is still awaiting regulatory approval, looks to meet global market demand for investment and risk management.
tFOSE’s executive team consists of James R. Beattie, CEO; Jim Davies, EVP, Corporate Development; Madeline Haiying Yu, CFO; and Daju Gu, COO.
“I’m honoured to have these experts leading the organization. They each contribute a unique perspective to the Fintech industry, really knowing what’s missing from the market and what investors want and need,” said Bill Hong Ye, Founder, tFOSE.
Beattie joins tFOSE as their CEO after executive roles at both CIBC World Markets and RBC Capital Markets, tasked with the daunting regulatory approval process. Davies, also hailing from standout organizations like IRESS, Dow Jones, S&P, and Reuters, will focus on the development of their three lines of business – tFOSE Exchange; tFOSE Clear; and tFOSE Technologies.
“This team is launching a new exchange within Canada, which is being well received by eager investors, but they do face real barriers,” said tFOSE Advisor, Marina Kapustin, “however, I joined as an advisor because their (tFOSE’s) leadership team showed not just promise in their skill set, but when you combine them they’re a force with great synergy.”
Alongside Beattie and Davies, the organization also secured Haiying Yu who admits that originally, she was not excited about derivative exchanges anymore. “I agreed to help out on a temporary basis but after working with this team and understanding how we’re about to disrupt the derivatives exchange marketplace I knew this was where I belong. It’s not hard to see the writing on the wall – the market needs a major change, one that makes derivative products more accessible, and this team is set up to do that.”
You won’t find tFOSE rushing to launch derivative products; with Gu onboard the team promises to be thorough on their research and product development. “We’re creating a vertically integrated and all-inclusive derivatives exchange operation. With many moving parts we can’t be afraid to voice our opinions. We were each brought on because of our expertise so we won’t waste that knowledge at every discussion.”
About tFOSE Group Holdings Inc.
tFOSE is an entrepreneurial driven derivatives exchange and clearinghouse, accessing liquidity for Canadian investors through unique investment products (subject to regulatory approval). tFOSE Group Holdings Inc. is comprised of three operating companies:
tFOSE Exchange Inc. – Providing liquidity and hedging solutions on unique alternative assets;
tFOSE Clear Inc. – Driving an entrepreneurial and technologically advanced model for derivatives clearing;
tFOSE Technologies Inc. – Providing original educational tools and seamless client services by leveraging meaningful partnerships.