OptAxe Appoints Chris Smith as Chief Business Development Officer
OptAxe recently received approval from the Financial Conduct Authority (FCA) to operate as a Multilateral Trading Facility (MTF) specializing in FX options. Following this approval, OptAxe appointed Chris Smith as Chief Business Development Officer.
About Chris Smith
Chris Smith has over 30 years of experience in the FX market. He has extensive knowledge and expertise in foreign exchange trading and sales. Smith has held senior roles at major global financial institutions, including Commonwealth Bank, Deutsche Bank, HSBC, Citi, and Credit Suisse. Smith has specialized in technology-driven FX trading solutions throughout his career. It aligns with OptAxe’s mission to simplify FX options trading through innovative technology.
Technical Developments at OptAxe
OptAxe has completed all technical integrations. It has enhanced its platform with reliable connectivity and functionality for FX options trading.
Key trading tools and technology features include:
A Web-based GUI and APIs (FIX and REST) that provide seamless access to liquidity.
Automated pricing and execution capabilities to support efficient trade fulfillment, access to counterparties, and in-depth execution analysis.
Effects on Traders
These developments will likely have these effects on users:
Enhanced Market Trust
With FCA approval, OptAxe operates under strict regulatory standards. It provides a more secure, trustworthy platform for FX options trading. This regulatory oversight reduces potential risks.
Improved Access to Liquidity
The addition of Chris Smith, with his experience in FX sales and platform solutions, enhances OptAxe’s ability to centralize liquidity. Traders and investors gain easier access to a larger pool of liquidity. It can lead to more efficient trade execution.
Streamlined Trading Experience
OptAxe’s completed technical integrations simplify the trading process. They allow seamless access to FX options through familiar interfaces. Automated pricing and execution help traders fulfill trades faster and with better insights.
Focus on Innovation
Chris Smith’s technology-driven background aligns with OptAxe’s approach to simplifying FX options. Users benefit from ongoing innovations that automate manual processes.
About OptAxe
OptAxe is a UK-based financial technology company. It operates a centralized trading platform for foreign exchange (FX) options. Chris Jackson and Yorke O’Leary founded it in 2021. The company aims to address inefficiencies in the FX options market. The platform aggregates axe inventory into a single venue to enhance liquidity discovery and execution efficiency.
Summing Up
OptAxe is prepared to deliver liquidity to the market through centralized FX options. FCA approval and key leadership appointments will help achieve that. These advancements enhance its ability to streamline FX options trading for its clients.
Register your company now and get featured on our homepage!
