INX Limited has poached Bob Ejodame, who spent his 15-year career working in the FX industry, as the crypto exchange is flexing its muscles across the mainstream finance space. He has already stepped into his new role as Head of Operations earlier in December.
Bob will be tasked with running INX’s Trading Platforms on which institutional and retail investors will be trading cryptocurrencies and regulated security tokens.
“I am thrilled to join INX who have been quick to recognise that tokenized assets are poised to disrupt traditional financial markets in a big way. As we are now seeing globally, adoption of regulated digital securities and assets is well and truly underway and so INX’s timing of the market opportunity could not be better. Our solutions will create innovative opportunities for institutional and retail investors alike and I am excited to be part of this journey,” Mr Ejodame told Finance Magnates.
He is joining the crypto exchange coming from broker-neutral technology firm FlexTrade, where he worked as head of production support for nearly two years. There he had hands-on experience on a product suite that offers access to market data providers and order management systems. FlexTrade’s OMS solution can also be tailored for global access to broker algorithms, as well as the ability to build proprietary algorithms.
Prior to that, Ejodame was VP of operations and transformation at TradAir, a provider of cloud-based trading technology solutions. In this capacity, he led TradAir’s support teams on a global basis based in the company’s London offices.
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Mr. Ejodame brings extensive experience in leading client-facing teams, setting up new processes and supporting FX trading platforms. He held similar roles at other established venues including Head of Global FX Support at EBS, the FX platform owned by ICAP.
The new appointment comes at a time when INX Limited is trying to strengthen its position and regulated activities to win a share of the US crypto market. The Gibraltar-based firm has filed with the Securities and Exchange Commission (SEC) to raise nearly $130 million through an initial public offering (IPO).
In addition, INX Limited is considering plans to launch a crypto derivatives platform for trading futures, options and swaps. However, this is subject to the CTFC’s approval. It should be noted that with their announced acquisition of OpenFinance their broker/dealer and ATS licenses are already taken care of.
As the firm ups its profile, Ejodame’s appointment makes sense as he brings a wealth of experience and strategic insight, especially relating to traditional asset classes and trading and access to global liquidity providers, corporate leaders and business associates.