FNX Limited, the Philadelphia-based risk management software vendor, has hired Jeffrey Mantel as its new managing director of foreign exchange products, says a vendor spokesperson.

This is a newly created position, says the spokesperson - the vendor's forex applications were previously overseen by Mark Galant, president of FNX.

Mantel was previously senior vice president of commodity derivatives at Sharps Pixley in New York, the commodities trading arm of Deutsche Bank.

He has been a user of FNX

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