The Zug-based blockchain company Trade.io has appointed FX veteran, David Hannigan who previously lead Dealing Desks at several foreign exchange brokers, as Chief Dealer.
Mr. Hannigan will serve as a key addition to Trade.io’s senior leadership team and will be tasked with the risk management department. In his newest capacity, he will also be responsible for building out the company’s OTC Desk.
Prior to joining the crypto solution provider, David served as Senior VP at National Australia Bank. He brings three decades of experience in financial markets, with a broad background in various capacities, including as Vice President/Chief Dealer at the Cyprus-based FX broker FXPRIMUS. He also assumed the role of Head of Dealing Desk with FXDD for nearly three years.
David started his career as a forex trader with Citi in London dating back to 1989.
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The platform trade.io, which has received financial backing from Chinese billionaire investor Chien Lee, aims to integrate blockchain technology and smart contracts to create a peer-to-peer trading platform for crypto assets. Furthermore, it plans to introduce forex and CFDs for precious metals, oil, commodities, indices, global equities and more.
Earlier this month, the CEO of the blockchain-powered financial institution, Jim Preissler, announced that the company’s flagship exchange would be launched in July. The announcement was made at the trade.io-sponsored Bloomberg event “The Future of Cryptocurrencies” in London.
The exchange allows traders to complete transactions with trade.io’s cryptocurrency, the Trade Token (TIO), across forex, commodities, precious metals and cryptocurrencies.
Commenting on the appointment, trade.io’s CEO Jim Preissler said: “We’re very lucky to have someone with David’s experience lead the risk management team and spearhead our OTC Desk. David has an impeccable track record in trading and risk management, which is invaluable when dealing with the size of deals in the crypto space. It’s not uncommon to have a $10m deal come through the desk multiple times per day.”
David Hannigan also commented, “I see a lot of similarities in how trade.io runs its business to many of the large banks I’ve worked for in the past. With my prior experience in the banking sector, I am cognizant on how profitable an OTC Desk can be. I am thrilled to hit the ground running to provide this service to the trade.io community.”