Advanced Markets Hires Sammy Christou as Chief Risk Officer

Advanced Markets, an institutional foreign exchange 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 and prime-of-prime service provider, announced on Wednesday the appointment of Sammy Christou as the firm’s new Chief Risk Officer (CRO).

Christou has already joined the North Carolina-headquartered company and has brought over a decade of work experience in the financial services industry, specifically in trading companies.

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“We are delighted to be welcoming Sammy Christou to Advanced Markets as our Chief Risk Officer,” Advanced Markets’ Founder and CEO, Anthony Brocco, said. “He has extensive experience in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD industry and brings us an innovative approach to quantitative eFX Trading that will further enhance the growth of our agency model.”

Indeed, Christou joined Advanced Markets from Equiti Capital, where he was the Head of Trading for almost four years.

He started his career in the industry as a Dealer at GFT Markets and later joined GAIN Capital as a Trader. In addition, he has a couple of years stint at London Capital Group as a Senior Trader.

Christou commented: “I’m extremely excited about being part of writing the next chapter of Advanced Market's success story as we build towards the launch of our proprietary pricing engine. With longstanding institutional shareholders Macquarie Bank (ASX: MQG) and BGC Partners (NASDAQ: BCGP), the firm brings unique competitive advantages to the Prime of Prime space.”

Christou’s appointment came less than a couple of months after Advanced Markets hired Samer Mourched as the Chief Executive of its Bermuda-based entity. Furthermore, the company secured a significant sum as an investment earlier this year for further global expansion from Mushegh Tovmasyan's Forexify and Corbel Capital Partners.