CMC Markets Sydney Taps Andrew Wood as Business Development Manager

CMC Markets, one of the biggest 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, CFDs and spread betting providers from the UK, has appointed Andrew Wood as Business Development Manager, Institutional Business, to the company's Sydney office.

Andrew Wood will be part of the team representing CMC Markets at the iFX Expo in Hong Kong from February 21st-23rd.

Wood has 15 years of financial services experience. His previous roles included overseeing the Autobahn FX Trader service at Deutsche Bank in London. He then joined Saxo Bank, London as a senior member of the Institutional Sales team before being promoted to Head of Institutional Sales for Saxo Bank Australia.

Richard Elston, Head of Institutional at CMC Markets, commented: "We are delighted to have recruited Andrew to spearhead our work with institutional businesses across the APAC region. By investing in specialists like Andrew, we ensure that CMC's clients get the very best out of our Next Generation technology, so we can help them grow their business - and in turn maximise their own revenue potential."

CMC Markets explains that Wood will lead the Sydney Institutional Business unit to deliver three specific solutions to the APAC market: • Application Program Interface (API) designed to meet the urgent need for reliable 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 among financial institutions such as broker aggregators, banks, proprietary trading firms and the hedge fund market. • White label market counterparty solution for larger banks and regulated financial institutions. • Grey label to mid-to-small sized brokers.