FXCM has named Maryke Faulkner the Group Chief Finance Officer for its new sister trading platform, Tradu. Before assuming her new role, Faulkner served as the Group CFO at FXCM for five months.
According to her LinkedIn profile, she previously served as the Finance Director for Europe at FXCM for nine years and three months. Preceding this, she held the position of Finance Director at FXCM Securities for three years and seven months.
FXCM Unveils New Team to Head Tradu
Meanwhile, Bobby Nachev has assumed the role of the Vice President at Tradu. Nachev's most recent position was at FXCM Pro, where he held the role of Vice President for five years.
Prior to his VP role, Nachev spent three years and four months at FXCM as an Assistant Vice President in Institutional Operations. Before joining the firm, Nachev served as the Regional Manager at Terra Credit Ltd.
Brendan Callan, the CEO of FXCM, unveiled Tradu in London during the Finance Magnates London Summit (FMLS:23). In an exclusive conversation with Finance Magnates, Callan noted that the platform's core objective is to fill existing gaps in the multi-asset trading industry.
Tradu is set for release in the UK by December, with plans for a global expansion in subsequent months. Notably, the platform presently registers interested traders and investors. FXCM's existing users will continue utilizing the platform, while Tradu will stand as a distinct multi-asset offering, integrating banking and payment solutions.
FXCM Targets European Expansion
In September, FXCM rebranded its subsidiaries in the UK and Cyprus. Formerly FXCM UK and FXCM EU Ltd, these entities were renamed Stratos Markets and Stratos Europe, respectively.
This rebranding is part of a broader strategy by the group to reshape its presence in Europe. While FXCM originated in New York in 1999, these recent changes in Europe hint at a significant shift in the company's operations.
The UK company registry confirmed the alteration from Forex Capital Markets Limited to Stratos Markets Limited, which is now responsible for trading services. According to FXCM's spokesperson, this transition to Stratos aims to provide the firm with more operational flexibility.
