Gold-i has announced an executive appointment in the Shanghai team. Laurence Luo, former Technical Account Manager at PrimeXM, joined the award-winning FinTech company as Technical Support Engineer.
In his new role, Luo will be responsible for providing technical support to Gold-i’s Asian-based clients and will also manage client relationships. The Shanghai office is open since March 2015 and has grown an impressive client base of brokers of all sizes across the region. Laurence Luo will likely provide technical support for the company’s most popular products in the Chinese market: Gold-i MT4 Bridge, MT5 Gateway, MAM products for both MT4 and MT5 and Visual Edge, its risk management solution.
Tom Higgins, Chief Executive Officer at Gold-i, said:
“Laurence spent eighteen months at PrimeXM and has a good understanding of our market and our clients’ requirements. His technical expertise, client servicing skills and team spirit make him an ideal fit for Gold-i. We are delighted he has chosen to join our team.”
Laurence Luo, Technical Support Engineer at Gold-i, commented:
“Gold-i has a very strong reputation amongst Asian brokers, and I believe has a significant competitive advantage in the region in terms of the functionality and performance of its products as well as its outstanding client service. Joining the Gold-i team provides a great opportunity for me to progress my career and I am proud to be part of such an innovative FinTech company.”
Laurence Luo developed strong communications skills in multi-cultural and multi-national organizations during his 3-year stay in Finland prior to joining PrimeXM.
The appointment of Laurence Luo to Gold-i is the second executive move from PrimeXM this year. Earlier in January, the firm announced ex-PrimeXM Mike Dugdale as a new senior sales manager. At PrimeXM, Dugdale carried out sales responsibilities, namely new business development, growing existing clients, and exploring new markets.
The appointments of Laurence Luo and Mike Dugdale follow a series of hires at Gold-i, including Ricky Strachan, who joined the firm in March from FinTech firm IRESS, and Dan Picone, also from IRESS, who is heading up Gold-i’s new Sydney office.
Mike Dugdale joins Gold-i from PrimeXM, where he carried out sales responsibilities, namely new business development, growing existing clients, and exploring new markets. Prior to that, he was Head of Sales at BlackPearlFX and VP Sales at Prior FX. Dugdale’s career started in the IT department at ODL Securities. At the time, Gold-i’s founder and CEO Tom Higgins was ODL Securities’ Chief Technology Officer. He later moved into an institutional sales role in October 2001 and, after five years at ODL, joined One Financial Markets as Head of Sales, working in London and Dubai.
The newly created role at Gold-i follows over 15 years’ experience in sales roles in the global financial markets industry and an in-depth understanding of the technology requirements of retail FX brokers.
Tom Higgins, Chief Executive Officer at Gold-i, commented: “I’ve known Mike for many years – he’s a great personality with an in-depth understanding of our market and a proven track record in global sales. He’ll be an asset to the team and I’m really looking forward to working with him again.”
Mike Dugdale said: “Gold-i is an excellent organisation with significant growth potential and I am excited about playing a key role in its next growth phase. Gold-i’s technology stands out from its peers. I’m particularly impressed by Gold-i Visual Edge – its capabilities in terms of risk management and reporting are critical for brokers in the current environment and I believe there’s a huge opportunity to increase sales. Tom has created an exceptional company, with great employee values and market leading products. It’s a company which I very much wanted to be part of.”
The appointment of Mike Dugdale follows a series of hires at Gold-i, including Ricky Strachan, who joined the firm in March from FinTech firm IRESS, and Dan Picone, also from IRESS, who is heading up Gold-i’s new Sydney office.
The company has relieved its current CEO Cristian Vlasceanu from his role in December and PrimeXM’s founder, Clive Diethelm, has stepped in to take his place. While speaking to FinanceMagnates, Diethelm said:
“We’d like to thank Cristian for his time with us and wish him the best for the future. Looking forward, we have built up a strong base of operations in Cyprus and are making a lot of headway in China.”
Cristian Vlasceanu was appointed as CEO in February 2016, and under him, the company has expanded tremendously into China and has set up offices in Shanghai and also has an office in Shenzhen. The company is also increasing support staff for its Chinese clients.
In 2018, the company moved its headquarters to a new office in Cyprus and centralised its development team there. Alongside, PrimeXM also managed to secure two important audits the ISAE 3000 third-party assurance standard and the Penetration and Vulnerability Assessment for protection against security attacks which will be done by PwC.
George Swann, Head of Global Infrastructure at PrimeXM spoke to FinanceMagnates on the issue:
“At PrimeXM, we have always maintained the highest security throughout our operations. Hiring PwC was a further means for us to give independent assurance on our processes and controls to our customers, auditors and regulators. Just like the ISO 27001, the ISAE3000 is proof of the high quality of our services.”
Cboe Global Markets Promotes Chris Isaacson and Eric Crampton in Senior Management Team
Cboe Global Markets has announced the appointment of Chris Isaacson, existing Executive Vice President and Chief Information Officer as Executive Vice President and Chief Operating Officer. Chris Isaacson takes over the chief operating role from Chris Concannon and will report to Chairman and Chief Executive Officer Ed Tilly.
The company has also promoted Eric Crampton, Senior Vice President and Global Head of Software Engineering as Senior Vice President and Chief Technology Officer. Crampton will directly report to Chris Isaacson. Both the appointments will be effective from January 14th.
Ed Tilly commented on the moves:
The role of COO is a natural progression for Chris Isaacson, given his track record of success with the company and the importance we place on leading-edge technology and relentless execution. He is widely regarded as one of the top technology and operations professionals in the industry and is uniquely qualified to lead our daily operations during this next phase of our growth.
Eric Crampton is a world-class financial technology professional who has been instrumental in the integration of Cboe and Bats. Working alongside Chris, he and his team are successfully executing our technology integration, creating a common world-class trading platform across our equities, options and futures exchanges, which when completed, will be a game-changer for Cboe and its customers. On behalf of everyone at Cboe, we congratulate Chris and Eric on their promotions and know that they will continue to deliver value to our colleagues, customers, and shareholders.
PrimeXM, the leading provider of fintech solutions and high-end MT4/MT5 bridging and white label solutions has announced the appointment of Andreas Charalambous as its new Head of Global Sales. He will be responsible for the firm’s both sales and customer support teams and create a rich client experience.
Charalambous has experience in working in FCA regulated and process driven environments and also has strong knowledge in building and sustaining successful sales team in the competitive UK market. The appointment of Charalambous is aligned with the company’s renewed vision to build exceptional customer support team and improving operational efficiency. The company is focusing on customer oriented core values for continued growth and for its clients.
Charalambous will be replacing the former Global Head of Sales Richard Bartlett, who has stepped down from the position and his departure was finalized on 3rd October 2018.
PrimeXM CEO Cristian Vlasceanu added:
“Andreas’ has been appointed to increase and maintain new and existing business by providing exceptional customer services and operational excellence reflective of PrimeXM’s customer-oriented core values.”
“I welcome Andreas and his experience to PrimeXM and know he will further cement our position as a leading Fintech provider in the global financial industry.”
Andreas Charalambous commented on his new position:
“In the face of the ever-changing Forex landscape, I get motivated and driven by challenge and success. Accepting this position was a strategic decision made by both myself and PrimeXM with the intent of developing their success through the already established achievements of the Fintech leader and my non-conventional or rather non-industry-standard set of transferable skills.”
“This integration means that our Asia coverage is now unparalleled. Being able to offer liquidity in both TY3 and LD4 is a significant differentiator for CFH, and our superior execution capabilities in TY3 will reinforce our position as a leading liquidity provider in Asia. We have made a major investment in the PrimeXM partnership, which has already been a huge success and integrating with XCore in TY3 and LD4 was a natural development of this existing relationship. We believe having PrimeXM as a technology partner for our liquidity offer will be the catalyst for significant growth for CFH in the future.”
PrimeXM and CFH Clearing have first established a business partnership in 2009. PrimeXM is a leading player in connecting financial institutions to the global markets through cutting-edge low latency technology. XCore, its primary offering, is an aggregation and execution engine which provides a centralized environment for liquidity and risk management.
The London-based major retail Fx brokerage group, IG Group and financial connectivity solution provider, PrimeXM have entered into a strategic technology partnership, that will see IG joining PrimeXM’s X core community of liquidity providers.
Prime XM’s primary offering is the XCore, that acts a liquidity aggregator of more than 120 firms and provides a centralized environment for liquidity and risk management. The parties stated that this partnership will deliver unique capabilities and solutions for traders and institutional clients globally and will allow both organizations to expand their unique value proposition and will further enhance their cutting edge offerings.
Through this partnership, IG will able to address the continued demand for flexible and innovative technologies. It will operate across Prime XM’s ultra low-latency connectivity across the globe thus improving trading speeds for clients. The users will now have access to hundreds of liquidity sources, including tier-1 banks, prime brokers and other leading global industry participants.
Commenting on the new partnership, PrimeXM Head of Global Sales, Richard Bartlett said:
“We are excited about this new partnership with IG. Our shared commitment to offering market-leading levels of execution performance and services to our clients made the decision to create this strategic alliance an easy one. One of the key benefits we are delivering here is expanding liquidity distribution opportunities globally for the IG Group via PrimeXM’s dedicated low-latency network and adding another strong liquidity partner for PrimeXM’s existing client base to take advantage of.”
Fouad Bajjali, Global Head of Institutional at IG noted:
“We are delighted to partner with a leading technology provider with a global reach such as PrimeXM. We are convinced that this partnership will improve access to our CFD and FX liquidity to counterparties across the globe.”
The UK FCA regulated, one of the world’s biggest financial trading platforms, CMC Markets Institutional (LON: CMCX) has partnered with PrimeXM to expand its multi-asset liquidity offering through PrimeXM’s XCore. The X-Core’s innovative technology benefits a large number of financial institutes by providing them with liquidity through Tier 1 banks, prime brokers and other liquidity sources.
Through X-Core’s community, CMC Markets will able to offer a wide range of liquidity including currency pairs, indices, commodities and treasuries to various financial institutes at a ultra-low latency connectivity.
Commenting on the partnership, CEO of PrimeXM, Cristian Vlasceanu said: “Committed to our mission of connecting financial institutions to the global markets through cutting-edge innovations, we are happy to announce today our new partnership. At PrimeXM, we know that CMC Markets will add a great value to the XCore community and we are confident that our dedication to innovation by intelligence will continue to boost performance for our partners.”
Richard Elston, Head of Partners at CMC Markets Institutional said: “PrimeXM is recognised as a leading technology provider in the financial industry, making them a natural fit as a distribution partner for our own liquidity, including FX, CFDs and native spread bet instruments. Their low latency, institutional grade infrastructure will provide another reliable route which offers even more counterparties access to CMC Markets’ single source of high quality, multi-asset liquidity.”
The brokerage on Monday also announced the launch of a new product, CMC Pro, that will allow many customers to circumvent the controversial clampdown by the European regulators. The new product is designed for professional clients to continue using their existing leverage rates. Under the new ESMA guidelines, the retail clients will only have a maximum leverage of 1:30 in major FX pairs.
Those clients who want to reclassify themselves as professional clients can also gain additional benefits from the company. In order to become a professional trader, they must fulfil two of the three mentioned criteria:
Have carried out transactions of a significant size on a relevant market (10 per quarter over the previous four quarters), need to have a financial instrument portfolio that exceeds 500,000 euro and have experience in the financial sector for at least one year.
Group Commercial Director at CMC Markets, David Fineberg, commented: “Over the last ten years, we have seen tremendous changes in our industry, driven by technology and social media. It is right that regulators are now looking to protect less experienced and potentially vulnerable clients. We are seeing a change in consumer behaviour as clients are now demanding a personal, tailored service to suit their individual needs. We will continue to invest in our Next Generation trading platform to meet the requirements of our CMC Pro clients.”