The firm appoints a new CLO and adds staff to meet the increase in H1 year-over-year trading.
It is also scaling operations to meet increased liquidity demand in the crypto market.
After
collaborating with legal departments of the world's largest investment banks,
Daniel Lo has just joined the Acheron Trading team. As Finance Magnates
exclusively learned, the expert with over 12 years of experience in financial
law has become the new Chief Legal Officer (CLO) of the crypto market maker,
which significantly increased its trading volume in 2024.
Lo Moves From Traditional
Finance to Cryptocurrencies
Lo moved to
Acheron from Cake Group, a Web3-related company, where he served as CLO for
over two years. Previously, however, he built his experience in the world of
"old finance." He worked as Legal Counsel for UBS in Singapore for
two years and as a Derivatives Negotiator in the Canadian branch of RBC Capital
Markets.
"Acheron
Trading has long stood out to me for its commitment to transparency and
accountability in the fast-evolving crypto market," Lo commented
exclusively for Finance Magnates. "I look forward to building with this
talented team during this significant period of growth and innovation."
Acheron has
been operating in the crypto market-making space for six years, collaborating
with 400 different issuers. The year's first half brought a several-fold
increase in realized volumes, hence the need to hire a new expert in
regulatory, legal, and compliance matters.
Acheron Trading Volumes on the Rise
The new
appointment comes as the firm expands its team to handle a 369.6% increase in
year-over-year trading volumes for the first half of 2024. The company has also
added new staff in its quantitative trading, quantitative development, and
sales departments, recruiting from companies such as SpaceX and Interactive
Brokers.
Acheron's
expansion comes amid a broader surge in the cryptocurrency market. The firm
reported that assets brought to market in the first half of 2024 have
outperformed all of 2023 by 233%. This growth has been fueled by factors
including Bitcoin's market cap crossing $1 trillion in February and speculation
about a potential Ethereum ETF.
Wesley
Pryor, founder of Acheron Trading, noted the company's need to adapt its
traditionally lean operational strategy “to scale with the industry and keep
pace with increasing trading levels and greater regulatory measures.”
“Daniel’s
appointment and the many others we have just made underscore Acheron Trading’s
unwavering commitment to meet the evolving needs of our clientele. Both the
individual and collective professional experiences of our new hires are
invaluable to our strategy as we rise to this new tide of activity,” Pryor
added.
"As a
trusted principal and designated market maker, we must scale in order to meet
the demands of our clients who are driving the industry forward," added Laurent
Benayoun, CEO of Acheron Trading, emphasizing the need to scale operations to
meet client demands. “By strengthening our QT, QD, and sales teams, we are
continuing the provision of a transparent and symbiotic MM offering.”
Acheron's
recent growth is also part of a broader initiative that has seen the company
make several key moves in recent years. The firm has diversified its offerings
by introducing a principal market-making service and developing Command
Station, an in-house trading infrastructure platform. Additionally, Acheron has
formed new partnerships, including a collaboration with the tech incubator
forgd.com. The company also bolstered its technological capabilities through
the acquisition of HedgeTech, a Boston-based firm specializing in algorithmic
market-making solutions, in 2022.
After
collaborating with legal departments of the world's largest investment banks,
Daniel Lo has just joined the Acheron Trading team. As Finance Magnates
exclusively learned, the expert with over 12 years of experience in financial
law has become the new Chief Legal Officer (CLO) of the crypto market maker,
which significantly increased its trading volume in 2024.
Lo Moves From Traditional
Finance to Cryptocurrencies
Lo moved to
Acheron from Cake Group, a Web3-related company, where he served as CLO for
over two years. Previously, however, he built his experience in the world of
"old finance." He worked as Legal Counsel for UBS in Singapore for
two years and as a Derivatives Negotiator in the Canadian branch of RBC Capital
Markets.
"Acheron
Trading has long stood out to me for its commitment to transparency and
accountability in the fast-evolving crypto market," Lo commented
exclusively for Finance Magnates. "I look forward to building with this
talented team during this significant period of growth and innovation."
Acheron has
been operating in the crypto market-making space for six years, collaborating
with 400 different issuers. The year's first half brought a several-fold
increase in realized volumes, hence the need to hire a new expert in
regulatory, legal, and compliance matters.
Acheron Trading Volumes on the Rise
The new
appointment comes as the firm expands its team to handle a 369.6% increase in
year-over-year trading volumes for the first half of 2024. The company has also
added new staff in its quantitative trading, quantitative development, and
sales departments, recruiting from companies such as SpaceX and Interactive
Brokers.
Acheron's
expansion comes amid a broader surge in the cryptocurrency market. The firm
reported that assets brought to market in the first half of 2024 have
outperformed all of 2023 by 233%. This growth has been fueled by factors
including Bitcoin's market cap crossing $1 trillion in February and speculation
about a potential Ethereum ETF.
Wesley
Pryor, founder of Acheron Trading, noted the company's need to adapt its
traditionally lean operational strategy “to scale with the industry and keep
pace with increasing trading levels and greater regulatory measures.”
“Daniel’s
appointment and the many others we have just made underscore Acheron Trading’s
unwavering commitment to meet the evolving needs of our clientele. Both the
individual and collective professional experiences of our new hires are
invaluable to our strategy as we rise to this new tide of activity,” Pryor
added.
"As a
trusted principal and designated market maker, we must scale in order to meet
the demands of our clients who are driving the industry forward," added Laurent
Benayoun, CEO of Acheron Trading, emphasizing the need to scale operations to
meet client demands. “By strengthening our QT, QD, and sales teams, we are
continuing the provision of a transparent and symbiotic MM offering.”
Acheron's
recent growth is also part of a broader initiative that has seen the company
make several key moves in recent years. The firm has diversified its offerings
by introducing a principal market-making service and developing Command
Station, an in-house trading infrastructure platform. Additionally, Acheron has
formed new partnerships, including a collaboration with the tech incubator
forgd.com. The company also bolstered its technological capabilities through
the acquisition of HedgeTech, a Boston-based firm specializing in algorithmic
market-making solutions, in 2022.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Bybit Enlists Chris Aruliah as the New Head of Institutional Division
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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