Trade.io Hires Industry Veteran Patric Tengelin as VP of Dealing

 

and OTC liquidity provider Trade.io has on-boarded Patric Tengelin as its VP of Dealing. Earlier this year the company concluded an ICO effort, in the process. The project is backed by Chinese billionaire investor Chien Lee, who is a member of the board of directors of the company.
After launching earlier this year, trade.io is getting ready to go live with some unique aspects of the company’s offering. The firm’s liquidity pool which is set to start with TIO 50 million tokens is a unique feature which differentiates the company. After debuting earlier this year around $1.20, the current value of the TIO token is about $0.15. This takes the size of the liquidity pool close to $7.5 million.
A Seasoned Industry Veteran
Trade.io’s new hire Patric Tengelin comes with a raft of experience in the trading industry. After running his own trader education website TimingTheMarket.com since 2003, he joined Cubits in Malta between October and July of this year as the company’s Head of Trading and Brokerage.
Throughout the years, Patric has been actively involved in trading a variety of asset classes. His career includes senior trading roles at Kraftringen Energihandel and Modify Energy Trading. As is customary for this industry, the talent pool associated with the dealing desk is strongly committed to trading financial markets.
Trade.io’s Team
Trade.io has been boosting its resources in recent months as the firm gets ready to rollout the next phase of its offering in accordance to its plans announced during the ICO. The company has committed to launching an OTC trading desk for clients that seek to place block trades larger than $25,000.
Patric Tengelin joins the company’s team which is dedicated to providing such big clients with an adequate pool of liquidity. Clients of trade.io can reach out to the company’s dealers via Skype, phone, WhatsApp or Telegram.
After asking for a price, the client receives a quote and is able to deal. Trade.io’s team has over 40 years of experience combined as Tengelin joins Chief Dealer . The dealing desk is operating 17 hours per day between 04:00 and 21:00 GMT.
The company is leveraging its large network of partners around the globe to provide liquidity for the trades. In order to avoid dramatically affecting market prices, buyers and sellers of large blocks tend to arrange deals directly. Block trading is traditional practice across different asset classes including foreign exchange, bonds and stocks.