Advanced Markets Secures Michael Cairns as Its COO

Advanced Markets, LLC has bolstered its executive team with the appointment of Michael Cairns as its newest Chief Operating Officer (COO), who joins the broker with immediate effect.

In his new role as the COO of Advanced Markets, Mr. Cairns will be based out of the firm’s New York branch.

Mr. Cairns joins Advanced Markets after a lengthy stint at FX Solutions, where he served as its Chief Executive Officer (CEO) since 2009. In this capacity, he was responsible for the management and business strategy of the broker, having been based out of New Jersey. Prior to this role, he also worked at FX Solutions as its Head of Trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term for eight years, part of a fourteen-year tenure at the broker, according to information made public on his LinkedIn profile.

Additionally, he has also worked in several senior level roles at City Index, KBC Bank & Verzekering, Istituto Bancario San Paolo di Torino, National Westminster Bank PLC, and Ulster Bank, dating back to 1982.

Back in June, Anthony Brocco, CEO of Advanced Markets, outlined the latest development of CFD offering to its institutional clientele. In a full length interview with Finance Magnates, Mr. Brocco explained the impetus behind the expansion of its services suite.