A Cyprus-based technology company that specializes in solutions for Forex (FX) and Contracts for Difference (CFD) brokers is enhancing its leadership team with the appointment of Veronika Thoma as its new Chief Operations Officer (COO). Thoma brings a wealth of experience from her previous role at CPT Markets, where she served as Senior Back Office Manager and eventually Head of Back Office. Her professional background also includes significant operational positions at notable firms such as Exinity and Skilling, where she developed expertise in brokerage infrastructure and client management.
The technology company focuses on creating proprietary trading solutions that seamlessly integrate various trading components into a single platform. With offerings that include a matching and pricing engine along with Customer Relationship Management (CRM) tools, the firm aims to enhance the trading experience for its clients. The solutions provided, such as a liquidity bridge and mobile trading applications, are designed to support brokers in managing interactions with both existing and potential clients effectively. The CRM technology specifically leverages data from customers’ trading activities to help brokers make informed decisions on retaining and onboarding clients.
In addition to the leadership changes at this company, CPT Markets made strides in expanding its European footprint by opening a new office in Larnaca, Cyprus. This development marked their first physical establishment within the European Union, which highlights the growing focus on the European market.
CPT Markets also made headlines by appointing Razvan Rotaru as its new Head of Institutional Sales. Rotaru arrives with extensive knowledge and skills from the financial industry’s institutional and retail sales sectors, having previously worked with INFINOX Capital.
The FX and CFD industry continues to see various executive movements, one of which is Tickmill’s recent hiring of Erhan Beyaz as the new Head of Data and Analytics. Beyaz’s appointment is aligned with the firm’s strategy to expand its operations across multiple jurisdictions, including key markets such as the UK, Cyprus, and the UAE.
Another key appointment in the sector is of Marcos Tigsilema as Chief Revenue Officer (CRO) at SquaredFinancial. Tigsilema has over a decade of experience in financial markets and has previously worked at several leading brokerage firms, including ATFX, BP Prime, OANDA, and Alpari. His experience as the Regional Commercial Director for Latin America at Key To Markets will contribute to his new role in driving growth for SquaredFinancial.
As the FX and CFD markets continue to evolve, these executive changes reflect ongoing adaptations and a commitment to strengthening organizational capabilities, improving service offerings, and expanding market presence for these firms in a highly competitive landscape.