FXTRADING.com, a Sydney-based Australian foreign exchange brokerage firm, has appointed Michael Berman as its Chief Executive Officer (CEO).
Berman is the Co-Founder of a crypto-focused quantitative high-frequency market-making trading firm, True Alpha Ventures.
Berman announced this emergence as the broker’s Chief Executive on his LinkedIn account.
Until his appointment, Berman was the CEO of Ditto Trade, which was acquired by FXTRADING.com in May 2022.
Australia-based Ditto Trade offers forex, future, stocks and cryptocurrency copy trading to its clients.
“As CEO of FXTrading.com, I bring more than 20yrs of experience allocating trading capital and product development and combine that with a well-established award-winning multi-asset online CFD broker focusing on FX, stock indices, commodities, metals and crypto 24/7 with a suite of proprietary trading tools,” Berman wrote in his LinkedIn description.
Berman: An Industry Veteran
At the multi-asset trading platform Ditto Trade, Berman said he capitalized on his 20-years-plus experience and expertise to identify and allocate capital to emergent traders.
He added that he contributed to optimally building smart Pro Trader portfolios for Ditto Trade.
Before Ditto Trade, Berman was the CEO at PsyQuation, an Australia-based software platform for traders, brokers and capital allocators.
The financial industry veteran led PsyQuation for six years and five months, providing clients with performance, risk and behavioral robo advice.
He co-founded the cloud-based software platform alongside Vladimir Krouglov with whom he had worked for over seven years.
“The software [PsyQuation] is driven by decades of combined trading experience and expertise in the core disciplines of analytic software development,” he wrote on LinkedIn.
Berman also once led Risk and Profit Analyzer (RAPA), a Sydney-based incubation platform for emerging traders. RAPA later merged with FundSeeder, an emerging manager incubation platform.
At FundSeeder, Berman served as the Head of Research for 11 months between 2014 and 2015.
One of Berman’s earliest career experiences was as a Property Executive & Hedge Fund Manager at Corpcapital Bank in 1999.
