HDR Global Hires Ben Radclyffe to Head Product, Sales Strategies

HDR Global, the operator of BitMEX, announced on Wednesday the appointment of Ben Radclyffe as its commercial director.

In his new role, Radclyffe will be responsible for developing the company’s financial products and sales strategies, being the head of its business and client development.

”The BitMEX platform has seen amazing growth in its six years since inception and has cemented itself as both a market leader and a cornerstone of the cryptocurrency world,” Radclyffe said.

“As the company, and crypto in general, mature, we have a fantastic opportunity to help shape that landscape and provide value to our users through further innovation and development of products. I’m incredibly excited to be joining such an innovative and rapidly growing firm in an ever evolving industry.”

He is a financial expert and brings two decades of experience to the cryptocurrency company.

Prior to his role at HDR, Radclyffe spent over three years at Tower Research Capital following his seven-and-half year-long tenure at Deutsche Bank at multiple roles. Entered as the head of electronic trading for Australia at the German investment bank, he later oversaw all electronic equities trading for the APAC region.

He also spent nine years at UBS as its director of electronic trading, making him a veteran of the equities Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Troubles with the law?

Known for offering crypto derivatives with huge Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term, BitMEX, along with Binance and other major crypto exchanges, were slapped with 11 class-action lawsuits in the United States for the violation of securities law and misleading investors for buying unregistered securities. Notably, BitMEX does not offer services in the US.

The UK financial regulator also warned against the derivatives exchanges for operating as an unregistered entity in the country.

Meanwhile, HDR recently committed a $400 million grant to Shadowserver Foundation, a non-profit security organization.