CMC Markets
Industry NewsJanuary 23, 2019

CMC Markets Institutional Secures Ross Newell as Business Development Manager

CMC Markets Institutional, the UK-based liquidity and white label trading solutions provider, has appointed Ross Newell as Business Development Manager, Institutional FX and CFD business.

Joining the company’s London office, Newell will put his almost 15 years of experience to use by working closely with institutional clients across Europe, ensuring that they receive tailored liquidity solutions and are also fully aware of the benefits of CMC Markets’ institutional-level online trading technology.

A well-known figure throughout the European institutional foreign exchange and CFD market, Ross Newell joined CMC Markets from AETOS Capital Group, where he led AETOS Direct, the institutional arm of AETOS Capital Group with a product offering aimed at retail, professional, brokerage and banking clients.

Prior to AETOS, Newell’s career was mostly spent at the institutional FX and CFD side of the industry. His 15-year career includes roles at FIXI plc, Axicorp, GFT Global Markets, and Cantors Fitzgerald Europe. At AxiCorp, he was one of the founding members of the London office and brought on their first set of institutional clients. There, he was responsible to streamline AxiCorp’s successful white labelling and support process. He also wrote and helped develop the company’s prime offering. At GFT, Newell won a number of large vendors and built up professional and personal relationships with many industry professionals in key and influential roles.

At CMC Markets Institutional, Newell will be responsible to promote the comprehensive suite of multi-asset liquidity services based around an Application Program Interface (API), designed to meet the demand from broker aggregators, banks, proprietary trading firms, and the hedge fund market. Additionally, he will deliver the company’s white label market counterparty solution for larger banks and regulated financial institutions, and the grey label for mid-to-small sized brokers.
Richard Elston, Group Head of Institutional at CMC Markets
Richard Elston, Group Head of Institutional at CMC Markets

Richard Elston, Head of Institutional at CMC Markets, commented: “Ross joins the London office at an exciting time for the business. With our market-leading multi-asset offering, CMC Markets is seeing increased demand from those institutions looking for a single counterparty to meet all their trading needs. We look forward to working with Ross as he helps us continue to grow our presence in this field.”

The comprehensive multi-asset institutional offering at CMC Markets has been recently expanded to include access to almost 9,000 single stock CFDs through CMC Markets Prime Derivatives.

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