Chris Rowe is back to British Telecom in a new role according to his LinkedIn profile. After spending almost six years with Gold-i in a senior sales role, he is going back to the telecoms industry at a challenging time for foreign exchange brokers and technology providers.
Rowe is taking a senior consultancy role with British Telecom in the voice and data segment of the UK company’s business. The position is a return to the company he used to work for before shifting to the fintech space with Gold-i, a company which he left in June this year.
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The move happens at a key time for the foreign exchange and CFDs industry. Both brokers and technology providers have been struggling to maintain margins amid a harsh regulatory environment in a market mired in low volatility.
With the competition between technology providers increasing materially over the past year, many companies have been migrating into cryptocurrencies to mitigate the impact of forex and CFDs. While the pickup in trading activity in the cryptocurrencies market translated into some additional revenues in the first half of 2019, volatility in the space has since receded, while Bitcoin increased its dominance.