Reports this Thursday suggest that has left his position as Chief Executive Office of FastMatch. According to FX Week, Galinov will be replaced by Kevin Wolf who is currently on the FastMatch board of directors.

The reasons behind Galinov’s departure are currently unclear. The firm was in mid-2017 and it is conceivable that the machinations of that deal could have affected Galinov in some way.

Performance certainly can’t have been the problem. FastMatch, an electronic communication network (ECN) for trading FX, has outperformed its peers for the past few years.

It was because of this, along with a desire to keep up with its competitors, that Euronext bought the ECN. The exchange operator paid FXCM $55.6 million last year to take control of 90 percent of the company.

Why leave?

At the time of the acquisition, Galinov seemed upbeat about his firm’s new owners. In a forward looking statement he claimed that FastMatch’s technology would “serve as catalyst to Euronext’s strategic ambitions in growing into the FICC in Europe.”

Unless something drastic has prompted Galinov’s departure from the firm, it seems unlikely that he will be out of work for long. The departing CEO has a huge amount of experience having previously headed up Credit Suisse’s Crossfinder and helped establish it as one of the largest dark pools in the United States.

Prior to his stint with Credit Suisse, he was Director of Strategy for Direct Edge. He helped grow the company into one of the largest players in the US equities market.

Finance Magnates reached out to both Galinov and FastMatch for comment on this story but no reply was forthcoming.