CMC Markets Institutional has appointed Ahmed Soliman as Senior Relationship Manager to grow the firm’s Dubai presence after having worked with a number of institutional liquidity providers across the Eastern Mediterranean and Middle East in recent years.
Responsible for both for new sales and ongoing relationship management in the region, Soliman will be liaising with entities including a range of Market Counterparties, Introducing Brokers and those Institutions who are direct consumers of CMC’s liquidity.
Richard Elston, Head of Institutional at CMC Markets, commented: “We are seeing a significant uptick in demand for our high quality, multi-asset liquidity and brokerage solutions. To help address what is a global need, we have made another regional appointment to provide the best possible service to local counterparties – an offering which will be supported by the existing teams in both Europe and Asia.
Ahmed Soliman joined the leading online financial trading company serving retail and institutional clients after nearly two years at PrimeXM as Technical Account Manager. PrimeXM has lost a number of executives to leading FX companies in the last few months, including Laurence Luo and Mike Dugdale. Soliman’s career within the FX industry also includes three years at InvestFX as a Business Analyst and Lead Developer based in Cyprus.
CMC Markets offers a multi-asset institutional solution that includes indices, commodities, treasuries and over 9,000 single stock CFDs. The UK-based liquidity and white label trading solutions provider has appointed Ross Newell as Business Development Manager, Institutional FX and CFD business, in January 2019.
In November 2018, the company adopted the order management system developed by Australian software company IRESS to form a key component of CMC’s new Prime Derivatives trading platform.
The new prime FX proposition was launched in May 2017 and was designed to fill the liquidity gap left by many traditional prime brokers, intent on scaling back their dealings with smaller banks and brokers. The service puts the dissemination of tier one liquidity first, ensuring access at scale on an ever-widening range of currency pairs and bullion types.