Retail Forex News

August 28, 2022 by Gerald Segal

It was a fairly quiet end-of-the-summer-season week in the online trading world, with many folks enjoying a last few days of vacation ahead of back-to-school (and work) processions next week.

However, there were still some interesting news, including FX Industry moves by a few names and companies. These included a new CEO at CySEC-licensed Retail FX brokers.

It was reported here exclusively or first at FNG.

Who is Eurotrader’s new CEO?

A new Head of Asia was hired by a retail FX and CFDs broker.

Where is the former CEO of regulated binary option exchange Nadex?

The following are the top FX industry news stories, as viewed and commented on over the past seven day.

Eurotrader hires FX industry vet Marcelo Spina as CEO. Eurotrader Group, a Cyprus-based multi-asset broker, has announced the hiring of Marcelo Spina to its new CEO. Marcelo Spina worked at FXCM as VP Sales from 2005 to 2008, and then moved on to Forex.com, where he was Senior Vice President and Head for Partnerships until 2017. Then he worked for two years at Saxo Bank, where he was VP Sales from 2005 to 2008. He also served as Global Head Partnerships at FXTM in 2019 and as Global Head Business Development at ThinkMarkets in 2020. In the last two years, Mr. Spina was his own FX brokerage consulting.

INFINOX has hired Sophie Squillacioti, a FX industry veteran, to lead its Asia business. Global trading platform INFINOX has announced the hiring of seasoned trading industry exec Sophie Squillacioti as the company’s new Head of Asia. She will be responsible for helming INFINOX’s fast-growing business across the region, including Thailand, Vietnam, Malaysia and other key markets. Sophie Squillacioti brings two decades of industry experience and management expertise. Prior to joining INFINOX, she served as Head of Asia at BDSwiss, and also spent time at BlackBull Markets as Managing Director, China.

Exclusive: Former Nadex chief Tim McDermott appointed CEO of SEF TeraExchange. FNG Exclusive… FNG has learned that swap execution facility (SEF) TeraExchange has hired Tim McDermott as its new Chief Executive Officer (CEO). Tim McDermott was CEO of regulated binary options exchange Nadex from 2014-2019, having first joined Nadex in 2008 as General Counsel and Chief Regulatory Officer. Following a career in law, he was also a Director at the CME (then Chicago Mercantile Exchange) and Compliance Counsel from 2003-2007.

Hantec Markets sponsors Haas F1 Team. Retail FX and CFDs broker Hantec Markets has announced a new partnership to be the official online trading partner with Haas F1 Team before this weekend’s Belgian Grand Prix. What the company termed a “multi-million pound contract” runs through the 2023 F1 season. Hantec Markets’ brand logo will adorn the Haas race car on the nose of the car, and include full branding in the Haas team garage. The Hantec logo will also appear on the uniforms worn by Haas drivers Mick Schumacher or Kevin Magnussen.

Gerald Segal Gerald, the founder and chief executive of FNG, is a veteran writer covering online trading. Gerald Segal founded FNG in 2010 as a B2B news site for the Forex industry. It was sold to Catena Media plc in 2018. Gerald, a keen skier, cyclist, and hockey player, was previously an investment banking professional for more than ten years at Merrill Lynch and Robertson Stephens. Gerald holds a Columbia University MBA degree in New York, and a University of Toronto BCOM degree.

The post FX Week in Review: New Hires at INFINOX and Eurotrader first appeared on Raw News.