Social trading pioneer and technology developer eToro, which offers FX and CFD clients the ability to find trading strategies from amongst its network of traders, has appointed Robert Brown as non-executive director in the UK, according to a company announcement.
Mr. Brown was previously Chief Operating Officer at Innovate Finance, and before that role was Head of Global Research and Investments at Barclays, and brings over two decades experience to eToro’s Board of Directors.
Robert’s experience marks him out as one of the leading figures in the finance sector, not just in the UK but worldwide.
Before joining Barclays, Mr. Brown worked as Chief Operating Officer for ABN AMRO’s Global Financial Markets division, and was part of their Wealth Executive Committee, and held numerous other roles earlier in his career including at Goldman Sachs.
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Commenting on the appointment, eToro founder and CEO Yoni Assia said: “Robert’s experience marks him out as one of the leading figures in the finance sector, not just in the UK but worldwide. His appointment to the board of directors signals our intent to expand our footprint here. His insight and guidance will be instrumental as we continue to innovate and transform the old financial system.”
The news follows after eToro struck a deal with Sberbank, one of Russia’s largest banks, as reported by Financial Magnates following a televised press conference.
The company also updated its Trader Chart tool, according to a company blog update this week, as it aims to give traders additional ways to analyze opportunities.
Unlike the market chart that the company offers within its platform, the Trader Chart is a tool embedded with the chart that allows trade copiers or traders who copy the trades generated by other traders, to back-test or simulate on a historical basis how a particular investment would have fared.
For example, if a client is examining the historical performance of a trader, they can now simulate what type of returns – whether positive or negative – would have been experienced based on a specific entry period and dollar amount.
The simulation process in the new Trader Chart tool accounts for copy dividends, related to CFDs or instruments that may factor in such external price adjustments depending on the hold duration of a trading position.
The update from eToro said that the Trader Chart tool is available under the chart tab in the trader profile, and that the client can draw trend lines and apply other technical indicators onto the historical performance data.