A prominent retail and CFD broker has appointed a new Head of UK Trading Risk, bringing in a professional with extensive experience from a previous tenure at CMC Markets. This individual has spent over ten years in various trading and risk management roles, demonstrating strong capabilities in managing assets across diverse categories.
At CMC Markets, the latest position held was as Quant Trading Manager on the Indices, Commodities, and Cryptocurrency Desk. During this six-year period, the focus was on overseeing risk and revenue across a range of financial instruments. A significant accomplishment included the establishment of a cryptocurrency desk that dealt with the pricing of the twenty leading digital assets. Furthermore, skills in developing risk management frameworks and overseeing custody and documentation processes were fine-tuned during this time.
Before the role at CMC Markets, a notable position held was Head of Volatility for over four years. In this capacity, responsibilities included leading a Binary Options desk and working on sophisticated volatility models for both foreign exchange and index products. Collaboration with various internal teams was essential to integrate new trading tools and ensure adherence to regulatory compliance.
Professional beginnings can be traced to time spent at IG, having worked there for nearly eleven years. Areas of responsibility spanned work as a Senior Binary Market Maker and Options Market Maker, focusing on pricing and risk management for short-term options products utilized on the IG platforms and the Nadex Exchange.
In parallel news, the broker has expanded its operations to Dubai with the acquisition of a Category 5 licence. This enables the firm to provide financial consultation services and operate as an introducing broker within the region. The licence was granted to a new entity in the MENA sector, reflecting the company’s strategic growth plans.
The new Dubai licence joins other certifications held by the broker in Australia, the UK, Cyprus, and the Bahamas, while it is also incorporated in Seychelles. The expansion into Dubai aligns with the increasing trend of CFD brokers establishing a foothold in the Middle Eastern market, which is becoming increasingly vital for financial services.
Overall, the new appointment in London and the simultaneous expansion into Dubai highlight the broker’s commitment to enhancing its trading capabilities and exploring new markets for growth. The financial industry continues to evolve rapidly while brokers seek to adapt by investing in seasoned professionals and tapping into emerging markets.