Exness Hires eFX Veteran Damian Bunce as Chief Trading Officer

Exness, a brokerage group operating in multiple markets, has announced the appointment of Damian Bunce, a well-known expert of electronic forex, as its new Chief Trading Officer.

The press release shared with Finance Magnates detailed that Bunce will focus on managing the market making 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 provider business, which will help the group to enhance its core brokerage function. His experience in all client segments and asset classes would significantly help the expanding broker.

Commenting on the new role, Bunce said: “I am very pleased to be joining a dynamic, high-tech, and ethical firm such as Exness and look forward to what we will achieve together in 2021 and beyond.”

“Leaders in the ultra-competitive market making and liquidity businesses define themselves with science, maths and high tech and Exness is at the forefront of that business model in many markets around the world.”

A Long and Impressive Career in FX

Bunce joined Exness from Saxo Bank and brought over 25 years of industry experience. He spent his last role as Saxo Bank’s Chief Commercial Officer, spending over a couple of years.

Prior to that, he spent over six years at Sberbank and is known to be the architect of the Russian bank’s eFX platform, Sberbank Markets, which is one of the top Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term of the Russian rubles.

His long and short stints also include roles in Barclays, Goldman Sachs and Barings.

“My career has always been at the intersection of finance and technology, the two fields which have made Exness the leading global multi-asset broker it is today. We share the same vision and the same values, and so it feels like a great opportunity at an exciting time for me personally and professionally,” Bunce added.

“We are delighted to welcome Damian on board and are confident that he will bring the kind of leadership and expertise which will complement our commitment to excellence,” Exness COO, Maria Fedorova, said. “Damian will play a major role in developing our core business and will help us reach our unique potential in the financial markets.”