FXCM Inc Promotes Naji Karak as Vice President of Sales for MENA Region

Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs brokerage FXCM Inc (NYSE:FXCM) has turned to its internal talent pool and appointed a new Head of Sales for the Middle East and North Africa (MENA) region. The company has promoted long time employee Naji Karak to Vice President of Sales.

He was promoted from a senior account executive role for the Active Traders desk, which is the company’s division handling high net worth traders, providing a series of FX Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and technology solutions.

Mr. Karak has been with FXCM Inc (NYSE:FXCM) for 8 years. During his tenure at FXCM he acquired significant experience in handling retail, high net worth, introducing broker and institutional client relationships for the company.

FXCM Inc (NYE:FXCM) has dedicated a team of seven staff members to boost the efforts of the brokerage in the MENA region and expand the company’s footprint.

Recently, the company upgraded its CFDs market-making technology as the broker has also introduced a new set of dealing desk mini accounts with minimum deposit requirements as low as $50. With the new offering, the brokerage is looking to capitalize on the increasing popularity of CFDs trading with retail investors.

According to its creditor, Leucadia National, the brokerage is on track to fully repay its post-SNB (Swiss National Bank) loan by the end of the first quarter of 2016.