X Markets Trading Secures Two Former FXCMPro Executives

Two former FXCM executives have landed at X Markets Trading, with Mark Davison and Michael Higgins having being appointed to the role of Director of Business Development and Global Head of Sales, respectively, according to an FXWeek report.

Mr. Davison joins X Markets Trading as its Director of Business Development in its London office, where he will be tasked with expanding the firm’s client base and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provision. Prior to coming to X Markets Trading, Mr. Davison worked at FXCMPro for over two years as its Global Head Bank Relationships – FastMatch. Additional stops include Alpari UK and Prudential Financial, dating back to 1994.

Alternatively, Michael Higgins been tapped as the Global Head of Sales and Distribution at X Markets Trading – he will also be based out of London in the new role. He joins from FXCMPro as well, having worked previously as its Director of Institutional FX Sales – Europe, Middle East and Africa (EMEA), as well as its Vice President, among other roles at the firm since 2005.

FXCM recently made headlines last week after it submitted a request from the Texas Supreme Court to transfer the Revelation Forex client’s funds recovery case into arbitration. The appointed receiver of the case is Kelly Crawford, who accused FXCM in 2013 of providing the convicted Kevin G. White with aid that helped him conduct and carry out numerous violations, cited gross oversight of fraud and a failure to prevent losses to investors.