Group has appointed Michael Mirarchi as its newest Chief Executive Officer (CEO) and Director of CapMarFX, according to a jointly released statement from FXPrimus and CapMarFX.
The new appointment is part of FXPrimus’ continued initiative to foster institutional offerings via its FCA-regulated arm CapMarFX. CapMarFX provides a number of services for FX traders, IBS and money managers to a global clientele. More specifically, the group specializes in a number of infrastructural upgrades, as well as including turn-key technology solutions and institutional-grade liquidity.
Mr. Mirarchi has joined CapMarFX from ATC Brokers, having worked at the London-based brokerage as its CEO since early 2014. Moreover, he has over a decade of senior level experience in both the retail and institutional realm of FX sales and prime brokerage. Additional stops include dbFX and CitiFX Pro.
According to Mr. Mirarchi in a recent statement on the appointment, “CapMarFX is an established brand in the FX industry, founded in 1999. We’re now in a great position to build off that legacy and improve our offering geared towards institutions and professional traders.”
“We continue to offer institutional grade liquidity via a variety of leading platforms such as First Derivatives, Currenex, and MT4 – in addition to recently launching CFD’s via API. We’ll be looking to grow our team in the next few months, which I’m very excited about,” he added.
Earlier this year, , which mandated FXPrimus to stop providing margin foreign exchange and contracts for difference (CFDs) trading to Australian residents.
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