Ben Singleton has announced on LinkedIn today (Thursday) that he is starting a new position as General Manager at IC Markets. This marks a new chapter in his career.

Singleton's previous role was at Crédit Agricole CIB, where he worked for 17 years and 3 months. He was based in Hong Kong and held the position of Executive Director.

In this role, he was responsible for the performance of the G10 FX Trading, including spot, swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, precious metals, and e-FX/Algo trading Algo Trading Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Read this Term businesses in Asia. His duties also included market making and trade execution.

New GM, Experienced Trader

Before his tenure at Crédit Agricole CIB, Singleton worked at Bank of America for 1 year and 3 months. His role there was Vice President and Senior FX Trader, focusing on market making and trade execution.

Singleton's career began at Commonwealth Bank, where he worked as a Foreign Exchange Trader for 4 years and 1 month in Sydney, New South Wales, Australia.

He holds a Bachelor of Business in Finance and Economics from the University of Technology Sydney, which he completed between 1998 and 2000.

Earlier, IC Markets received a regulatory license in Kenya, as reported by Finance Magnates. The Capital Markets Authority (CMA) licensed IC Markets Kenya Limited to operate as a non-dealing online foreign exchange broker. This new license allows IC Markets to operate similarly to other international retail brokers in Kenya.

The CMA recently issued licenses to five new firms in various capacities within Kenya's capital markets. Additionally, IC Markets, based in Australia, introduced prop trading services in March, expanding beyond its FX and CFDs offerings.

IC Markets Integrates TipRanks

Meanwhile, IC Markets has integrated TipRanks' analytical tools into its platform. Clients can now access enhanced research features, including insights on stocks, ETFs, and mutual funds.

New tools include the News Sentiment tool, which tracks media attitudes towards assets, and the Hedge Funds Activity tool, which monitors changes in large investment institutions' portfolios.