OptAxe, a regulated trading platform focused on centralized liquidity in FX options, has appointed Chris Smith as Chief Business Development Officer. The appointment follows OptAxe’s recent FCA approval to operate as a Multilateral Trading Facility for FX options.

OptAxe Expands Leadership Team

“I am thrilled to be joining such a visionary team and look forward to working alongside the founders as we bring innovative technology to the marketplace that will automate manual, bilateral processes and provide a ‘single source of truth’ for FX options liquidity,” Smith, Chief Business Development Officer at OptAxe commented on his new appointment.

Chris Smith, a veteran in FX markets with over 30 years of experience, will support OptAxe's expansion efforts.

His background includes leadership roles in FX sales at institutions such as Commonwealth Bank, Deutsche Bank, HSBC, Citi, and Credit Suisse. Smith has consistently focused on technology-based platform solutions in FX trading throughout his career.

“I am delighted to welcome Smith to the OptAxe team at such an exciting time for the business,” said Chris Jackson, CEO and Co-Founder of OptAxe.

“Having known Smith for many years, I have witnessed his passion for the sector and how he strategically embraces innovation to automate workflows, drive efficiencies and empower teams to focus on higher-value activities,” he continued.

Completing Technical Development

OptAxe centralizes liquidity to simplify FX options trading and increase trading opportunities. Its axe-driven model is structured to support operational efficiency, risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and market insight.

The platform is now operational, with all technical development, connectivity, and integration complete. It offers connectivity through a Web GUI and APIs, including FIX and REST, to access liquidity. Automated pricing and execution features provide options for trade fulfillment, counterparty access, and 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 analysis.

OptAxe has recently appointed Lynsey McAllister as Head of Operations and Dave O’Brien as a Senior Developer. Lynsey brings experience in client onboarding, operations, and relationship management, while Dave will support the technology build-out with his development expertise.