BidX Markets announced on Monday the hiring of Harry Fry as the new Head of Asia Pacific (APAC) operations. In the Australia-based role, he is tasked with growing the company's institutional trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term business.

Harry Fry Joins BidX Markets

The press release shared with Finance Magnates detailed that Fry will be further responsible for leading the brokerage's efforts to develop and strengthen relationships with institutional clients and implement strategies, thus helping increase the platform's trading activity across East Asia, South Asia, and Oceania. Additionally, he will oversee the company's growing team of client relationship managers and ensure the brokerage's compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term.

"I'll be in charge of working with the institutional sales and tech teams to help support our existing client base as well as grow the business in the region. My focus will be to give brokers the flexibility and support they need to provide the best service offering to their traders," Fry said.

"I believe my knowledge of the financial markets is going to support our institutional client base with liquidity, risk, and tech, as well as our professional traders with trading and investment needs."

Indeed, BidX Markets hired Fry because of his experience in the retail and institutional trading space. He joined the new role from Invast Global where he worked for eight months as a Director of Prime Services.

He started his career in the financial services industry in mid-2014 at London-based Selftrade as a Client Accounts Administrator. Later, he joined JPMorgan and parted with the bank as an Oversight Analyst after a year and a half. Moreover, he gathered industry experience at London-based Finalto, where he spent almost five and half years working in its institutional sales team.

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BidX Markets Is in the Growth Stage

FCA-regulated BidX publicly launched its liquidity services in November 2021. Last year, it received an investment from Solid, a prominent ultra-low latency multi-bank ECN provider, to develop a strategic partnership between the two companies.

The company hired James Roddy as the Head of Institutional Sales last August and onboarded Shaun French as a Multi-Asset Research Analyst.

"We've been on a bit of a hiring spree recently to accommodate our rapidly expanding client base across different regions," said the CEO and Founder of BidX Markets, Simon Blackledge.

"Harry brings with him extensive knowledge of our product offering as well as strong interpersonal and communication skills, so [he] can support our clients from all angles. He will have the support of BidX Markets cutting-edge technology and 360-degree service offering which allows us to stay ahead and offer the industry's leading trade execution, liquidity, and some of the best client support."