Exclusive: GKFX's Joe Rundle May Be Leaving Firm after Less than 2 Weeks

GKFX may have once again lost a key figure in its management group, with London based Managing Director Joe Rundle rumored to have parted ways with the company after about two weeks with the brokerage, sources with knowledge of the matter shared with Finance Magnates.

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Mr. Rundle originally stepped into the role of Managing Director at GKFX earlier this month, having succeeded Jacob Plattner, who had been with the broker for nearly a year. Rundle was GKFX’s replacement to the outgoing Plattner, who had originally joined the company back in 2015 from Alpari UK.

Rumors picked up by Finance Magnates are pointing towards Rundle's early exit with one source sharing with Finance Magnates reporters that Joe Rundle is currently on leave from the company. Mr. Rundle’s short-term stint with the company began in mid-August 2016, which saw him based out of the group’s London office. He joined GKFX from ETX Capital, during which he held the title of Head of Trading and Partnerships for over six years.

In his capacity he oversaw a variety of functions, including the oversight of day to day trading desk, 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 efficiency, several product channels, and the negotiation of relationships with prime brokers and 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 providers. Additionally, he worked as the Head of CFDS and Execution at ETX Capital, having joined the group back in 2006, according to information made public on his Linkedin profile.

Finance Magnates has reached out to the company to enquire about the status of its managing director, but at the time of publication no official response has been received.