Divisa Capital Promotes Michael Ayres to Chief Operating Officer

Divisa Capital, a prime brokerage service provider, has appointed Michael Ayres as its Chief Operating Officer for its UK operations. According to Ayres’ LinkedIn, he was appointed to his new role this month. Before this, he was the Chief Risk Officer at the broker, a position he has held since May this year.

Ayres has ten years worth of 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 industry, kick-starting his career in 2008 at ODL Securities LTD where he worked in the forex operations/middle office. During his time at the company, his responsibilities ranged from Trade Reconciliation, Prime Broker 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, Daily Profit & Loss reports and a suite of other tasks.

Ayres' Career Before Divisa Capital

Before joining Divisa Capital, Ayres was the Director of Operations at GKFX, a provider of CFD trading, spread betting and foreign exchange. He joined the firm in November 2013 until he left for Divisa in March this year.

When Ayres first joined GKFX, he was the Head of EFX & Trading Operations. This involved leading Global Trading operations and solutions for the broker. He also helped establish and implement the company’s strategy.

In October 2016, Ayres was promoted to Director of Operations. In this role, he managed a team of more than 30 people across the world. According to his LinkedIn, during his time at the company, he established core company functions for Trading, Middle Office, Institutional Sales, Business Development, Operational Risk, and Clients Services.

Between 2010 to 2012, Ayres held a number of positions at Alpari, a global foreign exchange, precious metals, spread betting and CFD broker. In October 2010 he joined the firm as Trade Support. He then went on to be an FX trader and then later, a risk analyst with the firm.