A technology firm based in Cyprus that caters to FX and Contracts for Differences (CFD) brokers has appointed Veronika Thoma as its new Chief Operating Officer. Thoma brings significant industry experience to this role, having previously worked at CPT Markets where she advanced from Senior Back Office Manager to Head of Back Office. Her career also includes key operational positions at other notable firms such as Exinity and Skilling, where she acquired specialized knowledge in brokerage infrastructure and client management.
This technology company is focused on creating proprietary trading solutions that seamlessly integrate various trading elements into a single platform. Their offerings encompass a matching and pricing engine, as well as Customer Relationship Management (CRM) tools designed to assist brokers in effectively managing their interactions with current and potential clients. This CRM technology analyzes customer trading data to develop tailored strategies for retaining or acquiring clients, ultimately enhancing business relationships.
In parallel developments within the industry, CPT Markets expanded their European operations by opening a new office in Larnaca, Cyprus, marking the first actual presence of the firm within the European Union. They also announced the appointment of Razvan Rotaru as the Head of Institutional Sales. Rotaru comes with extensive background in both institutional and retail sales in the financial sector and previously held a position with the sales team at INFINOX Capital.
Another significant appointment in the FX and CFD landscape came from Tickmill, who appointed Erhan Beyaz as the new Head of Data and Analytics. This move aligns with the company’s goal to expand its reach across various jurisdictions, including key markets such as the UK, Cyprus, and the UAE.
Moreover, SquaredFinancial recently hired Marcos Tigsilema as the Chief Revenue Officer. Tigsilema has over ten years of experience in the financial markets, having held roles at major brokerage firms such as ATFX and OANDA, and previously served as the Regional Commercial Director for Latin America at Key To Markets.
Overall, these executive changes reflect ongoing strategic moves within the FX and CFD sectors, emphasizing the importance of experienced leadership as firms seek to enhance their market positions and operational efficiencies.