ETX Capital Poaches AlgoTrader CTO Gergely Bacsó

ETX Capital, a London-based financial spread-betting and contracts-for-difference provider, announced on Monday the hiring of Gergely Bacsó as its new chief technology officer.

He will take up his new role next month, the press release shared with Finance Magnates detailed, and he will focus on improving the platform’s client experience and also further building TraderPro.

Commenting on his new role, Bacsó said: “I'm excited to join ETX Capital with such a long history in financial services and look forward to collaborating with the team, building technologies to create exceptional client experiences and supporting the growth of the business.”

Years of Experience with Trading Technology

He is joining the broker from AlgoTrader, where he is currently holding a similar position, and will bring 13 years of experience from the technology industry to the company. Before that, he had spent almost three years with Nafora, where he was responsible for the implementation of high-frequency algorithmic trading operations.

Bacsó also had a short stint at Swissquote as a technical lead where he had developed and maintained its 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 trading systems.

He started his career at DITinform, a Hungarian IT company, and later spent a significant amount of time at BetVictor, a bookmaker specializing in sports betting and online casinos.

This appointment came months after the acquisition of ETX by Swiss private equity firm, Guru Capital for an undisclosed sum. Additionally, Finance Magnates earlier reported on the retirement of ETX Capital’s co-CEO, John Wilson, after spending a decade with the brokerage.

“The Executive and Senior Management teams at ETX Capital are delighted that Gergely has agreed to join us and we are looking forward to Gergely steering our talented IT teams,” Philip Adler, CEO of ETX Capital, said.