Alpari US appoints a former Currenex executive as a new CEO

Alpari US just announced the appointment of Daniel Skowrosnki as its new CEO. Daniel however will relocate to London later this year, probably to manage whole Alpari Group's institutional business. Daniel joins Alpari from Currenex where he was responsible for the company's retail solution and this appointment makes a lot of sense as Alpari are probably trying to expand into the institutional segment. This push has become evident with the introduction of Alpari's Direct Pro platform which is powered by Currenex. Naturally Alpari would like Daniel to promote this platform to potential institutional customers.

June 30, 2010 – The Alpari group (“Alpari”), one of the world’s fastest growing providers of online 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 (“Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term”, “FX”) trading services today announced the appointment of Daniel Skowronski, former Managing Director of Currenex, a leading ECN and technology provider.

Daniel will be joining the Alpari Executive Management team in the newly created role of Global Chief Commercial Officer as well as Alpari (US) Chief Executive Officer. He will be responsible for driving the company’s ambitious global expansion plans and spearheading major new technology initiatives to stimulate the position of Alpari in foreign investment markets worldwide.

Daniel brings with him over 18 years of excellence in the Forex business market. As MD at Currenex, he was the driving force in developing and delivering key technological innovations for the company’s retail solutions.

Co-founder of the Alpari Group and CEO of Alpari (UK), Andrey Vedikhin, states, “I am delighted to welcome Daniel to the Alpari Group in this pivotal senior management role. Daniel’s proven track record and wealth of expertise in the interbank and retail markets will be instrumental in revolutionizing our trading technology and accelerating the momentum of our ambitious growth plans.”

Currently based in the New York office, Daniel plans to relocate to the Global Head office in London by the end of the summer.

For more information about Alpari worldwide services, please visit www.alpari.com.

About the Alpari Group:

Founded in Russia in 1998, the Alpari Group is one of the world’s fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services, with 29 offices in ten countries, including London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt, serving more than 150 countries. With trading volumes in excess of USD 147 billion, over 330,000 accounts and 400 employees worldwide,* the Alpari Group is one of the market leaders in Forex.

Alpari (UK) was established in 2004. The company is based in the heart of the City of London, where it is authorized and regulated by the Financial Services Authority (FSA) and clients are covered by the Financial Services Compensation Scheme (FSCS) subject to their status and the nature of their claim.

Alpari (US) was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA), Member ID: 0379678.

Forex and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.