FXPrimus’s CapMarFX Secures the Services of Michael Mirarchi as CEO

FXPrimus Group has appointed Michael Mirarchi as its newest Chief Executive Officer (CEO) and Director of CapMarFX, according to a jointly released statement from FXPrimus and CapMarFX.

The new appointment is part of FXPrimus’ continued initiative to foster institutional offerings via its FCA-regulated arm CapMarFX. CapMarFX provides a number of services for FX traders, IBS and money managers to a global clientele. More specifically, the group specializes in a number of infrastructural upgrades, as well as including turn-key technology solutions and institutional-grade 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.

Mr. Mirarchi has joined CapMarFX from ATC Brokers, having worked at the London-based brokerage as its CEO since early 2014. Moreover, he has over a decade of senior level experience in both the retail and institutional realm of FX sales and prime brokerage. Additional stops include dbFX and CitiFX Pro.

According to Mr. Mirarchi in a recent statement on the appointment, “CapMarFX is an established brand in the FX industry, founded in 1999. We’re now in a great position to build off that legacy and improve our offering geared towards institutions and professional traders.”

“We continue to offer institutional grade liquidity via a variety of leading platforms such as First Derivatives, Currenex, and MT4 - in addition to recently launching CFD’s via API. We’ll be looking to grow our team in the next few months, which I’m very excited about,” he added.

Earlier this year, FXPrimus made headlines after it incurred a brush with the Australian Securities and Investments Commission (ASIC), which mandated FXPrimus to stop providing margin foreign 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 and contracts for difference (CFDs) trading to Australian residents.