IG Group Rehires Alessandro Capuano as Exchange-Traded Derivatives Head

IG Group announced on Tuesday the reappointment of Alessandro Capuano as the Head of 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-traded derivatives (ETD) for its year-old subsidiary, IG Europe.

The group company created the subsidiary in July 2019 to continue its European operations after the exit of the United Kingdom from the European Union. The entity was formed by merging IG’s branches in France, Italy, Spain, Sweden, Germany and the Netherlands.

Capuano, in his new role, will be responsible for expanding IG’s ETD client offering further.

“The ETD market in the European Union is a £1 billion opportunity, which is two times bigger than the Over-the-Counter ('OTC') Derivatives market, and it continues to grow even faster,” IG Europe’s head, Arnaud Poutier said in a statement. “Alessandro’s appointment will help us to take greater share of this growing market opportunity, develop our European ETD capabilities and help IG Europe to become a leading broker.”

Leaving and Re-joining IG

Capuano left IG last year in March after spending almost 13 years with the brokerage. Then he managed the London-headquartered broker’s Italian branch for years before heading its European business.

He re-joined the brokerage from Milan-headquartered Fineco Bank, where he headed its global brokerage business for 20 months.

Capuano started his career as a currency analyst and later headed the Italian desk of City Index, formerly known as Finspreads IFX.

“We are pleased to hire back someone of Alessandro’s quality and track record, especially as he knows our team, our clients, and our business so well. We’ve worked closely together for many years, and I know his expertise and experience will further drive our ETD client offering forward,” Poutier added,

“I’m hugely excited to be re-joining IG at such an exciting time in its development with the opportunity to increase revenue opportunities in the Exchange-Traded Derivatives business forward,” Capuano said.