PrimeXM Elevates Constantinos Orphanides as Chief Technology Officer

Swiss-founded technology company, PrimeXM has appointed a new chief technology officer (CTO) to drive its evolving product portfolio and software development roadmap. The provider of FX bridge aggregation and institutional hosting solutions has promoted its current executive Constantinos Orphanides to take on the new role, according to his LinkedIn profile.

Following a career in the gambling industry, PrimeXM originally hired Constantinos Orphanides back in April 2019 to lead its product development affairs. He was elevated to his expanded role as CTO to head the company’s overall technology strategy and provide guidance to engineering team members across branch offices in Limassol, Dubai and Shanghai.

As its Chief Technology Officer, Orphanides will play a key role in the management and development of the group’s technological capabilities based out of Cyprus. His appointment comes after he held several similar roles at other venues over the course of a career spanning more than 10 years.

Orphanides’ career encompasses various stints such as an IT Specialist at a real estate agency in Cyprus. Prior to that, he served as a senior lead software engineer at the gambling software company, Playtech (LSE: PTEC). This was preceded by a two-year tenure in an analogous role with online gambling broker, bet365.

Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions and high-end MT4/MT5 bridging and white labels. Moreover, the Swiss-based ‎technology company offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD 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.

In addition to their primary product XCore, PrimeXM offers hosting services in the most popular data centers used by the FX industry, such as Equinix LD4, NY4 and TY3, which enables clients to house their trading systems and algos in co-location to their execution engine and 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.