Hirose Financial UK has appointed Marco Maggioni to support the growth of its institutional services. The London-based broker is regulated by the UK Financial Conduct Authority and provides FX liquidity and credit solutions.

The company is working to develop its Margin FX Prime Services and expand its reach across the EMEA region. Its target clients include investment firms, hedge funds, proprietary trading desks, family offices, and professional clients.

Maggioni Joins Hirose to Expand Services

“His expertise will be instrumental as we strengthen our premium 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 offering in FX and Precious Metals while we build the framework to add institutional-grade CFD liquidity, with the aim of further expanding our margin trading capabilities to a global audience,” said Nick Downes, Director of Hirose Financial UK.

Maggioni has worked in the FX and CFD industry for 17 years. His previous roles include senior positions at Finalto and IS Prime (ISAM Securities) as Sales Director. At Hirose, he will advise on several areas such as platform development, liquidity management, price distribution, and risk controls.

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“In a New Business Development role, I bring industry knowledge and a relentless focus on planning and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, with the goal of delivering sustainable value for both clients and the organization,” Maggioni commented on his new role.

Hirose Reports Modest Revenue, Profit Growth

Earlier, Hirose UK reported its financial results for the year ended March 31, 2024. The broker recorded a turnover of £717,000, a slight increase from £710,000 the previous year. Administrative expenses dropped marginally to £431,000, helping to lift operating profit to £285,000 from £282,000.

Profit before tax rose to £303,000, up 2.6% year-over-year. Net profit grew sharply to £530,000, compared to £295,000 a year earlier. The company noted it continues to operate in a competitive environment shaped by regulatory changes, including rules on leverage and negative balance protection.