A prominent retail and CFD brokerage firm has recently welcomed a new Head of UK Trading Risk, who brings over ten years of experience from a leading market player. This individual previously served as the Quant Trading Manager within the Indices, Commodities, and Cryptocurrency Desk, specializing in risk management and revenue generation across various asset classes. Their tenure included the establishment of a cryptocurrency desk responsible for pricing the top 20 digital assets and their work in developing risk frameworks, ensuring custody, and managing documentation processes.
Prior to their role as Quant Trading Manager, they held the position of Head of Volatility at the same financial institution for over four years. In this capacity, they spearheaded the development and management of a Binary Options desk and worked on constructing volatility models specifically tailored for FX and Index products. They were also instrumental in collaborating with different internal teams to introduce new trading tools while ensuring adherence to regulatory requirements.
The new Head of UK Trading Risk began their career at another well-known brokerage, where they spent nearly 11 years in varied roles such as Senior Binary Market Maker and Options Market Maker. These positions involved crucial responsibilities related to pricing and risk management for short-term options products across several platforms, including a notable exchange.
In parallel with this leadership appointment, the brokerage has expanded its operational footprint by securing a Category 5 license in Dubai, which allows for financial consultation services and the function of an introducing broker. This license was awarded to a newly established entity within the firm, reflecting the company’s ambition to enhance its presence in the Middle East market. With this latest development, the brokerage joins a roster of other firms that have recently been granted similar licenses, enabling them to offer services within the UAE without requiring local asset holdings.
Additionally, this brokerage holds various licenses in other jurisdictions, including Australia, the UK, Cyprus, and the Bahamas, and has established its base of incorporation in Seychelles. The movement into Dubai highlights a growing trend, as the city emerges as a central hub for CFD brokers aiming to expand their reach within the Middle East. The firm’s strategic growth initiatives and leadership changes signify its commitment to advancing its market position in a competitive landscape.