The firm appoints a new CLO and adds staff to meet the increase in H1 year-over-year trading.
It is also scaling operations to meet increased liquidity demand in the crypto market.
Daniel Lo, the Chief Legal Officer of Acheron Trading
After
collaborating with legal departments of the world's largest investment banks,
Daniel Lo has just joined the Acheron Trading team. As Finance Magnates
exclusively learned, the expert with over 12 years of experience in financial
law has become the new Chief Legal Officer (CLO) of the crypto market maker,
which significantly increased its trading volume in 2024.
Lo Moves From Traditional
Finance to Cryptocurrencies
Lo moved to
Acheron from Cake Group, a Web3-related company, where he served as CLO for
over two years. Previously, however, he built his experience in the world of
"old finance." He worked as Legal Counsel for UBS in Singapore for
two years and as a Derivatives Negotiator in the Canadian branch of RBC Capital
Markets.
"Acheron
Trading has long stood out to me for its commitment to transparency and
accountability in the fast-evolving crypto market," Lo commented
exclusively for Finance Magnates. "I look forward to building with this
talented team during this significant period of growth and innovation."
Acheron has
been operating in the crypto market-making space for six years, collaborating
with 400 different issuers. The year's first half brought a several-fold
increase in realized volumes, hence the need to hire a new expert in
regulatory, legal, and compliance matters.
Acheron Trading Volumes on the Rise
The new
appointment comes as the firm expands its team to handle a 369.6% increase in
year-over-year trading volumes for the first half of 2024. The company has also
added new staff in its quantitative trading, quantitative development, and
sales departments, recruiting from companies such as SpaceX and Interactive
Brokers.
Acheron's
expansion comes amid a broader surge in the cryptocurrency market. The firm
reported that assets brought to market in the first half of 2024 have
outperformed all of 2023 by 233%. This growth has been fueled by factors
including Bitcoin's market cap crossing $1 trillion in February and speculation
about a potential Ethereum ETF.
Wesley Pryor, founder of Acheron Trading
Wesley
Pryor, founder of Acheron Trading, noted the company's need to adapt its
traditionally lean operational strategy “to scale with the industry and keep
pace with increasing trading levels and greater regulatory measures.”
“Daniel’s
appointment and the many others we have just made underscore Acheron Trading’s
unwavering commitment to meet the evolving needs of our clientele. Both the
individual and collective professional experiences of our new hires are
invaluable to our strategy as we rise to this new tide of activity,” Pryor
added.
"As a
trusted principal and designated market maker, we must scale in order to meet
the demands of our clients who are driving the industry forward," added Laurent
Benayoun, CEO of Acheron Trading, emphasizing the need to scale operations to
meet client demands. “By strengthening our QT, QD, and sales teams, we are
continuing the provision of a transparent and symbiotic MM offering.”
Acheron's
recent growth is also part of a broader initiative that has seen the company
make several key moves in recent years. The firm has diversified its offerings
by introducing a principal market-making service and developing Command
Station, an in-house trading infrastructure platform. Additionally, Acheron has
formed new partnerships, including a collaboration with the tech incubator
forgd.com. The company also bolstered its technological capabilities through
the acquisition of HedgeTech, a Boston-based firm specializing in algorithmic
market-making solutions, in 2022.
After
collaborating with legal departments of the world's largest investment banks,
Daniel Lo has just joined the Acheron Trading team. As Finance Magnates
exclusively learned, the expert with over 12 years of experience in financial
law has become the new Chief Legal Officer (CLO) of the crypto market maker,
which significantly increased its trading volume in 2024.
Lo Moves From Traditional
Finance to Cryptocurrencies
Lo moved to
Acheron from Cake Group, a Web3-related company, where he served as CLO for
over two years. Previously, however, he built his experience in the world of
"old finance." He worked as Legal Counsel for UBS in Singapore for
two years and as a Derivatives Negotiator in the Canadian branch of RBC Capital
Markets.
"Acheron
Trading has long stood out to me for its commitment to transparency and
accountability in the fast-evolving crypto market," Lo commented
exclusively for Finance Magnates. "I look forward to building with this
talented team during this significant period of growth and innovation."
Acheron has
been operating in the crypto market-making space for six years, collaborating
with 400 different issuers. The year's first half brought a several-fold
increase in realized volumes, hence the need to hire a new expert in
regulatory, legal, and compliance matters.
Acheron Trading Volumes on the Rise
The new
appointment comes as the firm expands its team to handle a 369.6% increase in
year-over-year trading volumes for the first half of 2024. The company has also
added new staff in its quantitative trading, quantitative development, and
sales departments, recruiting from companies such as SpaceX and Interactive
Brokers.
Acheron's
expansion comes amid a broader surge in the cryptocurrency market. The firm
reported that assets brought to market in the first half of 2024 have
outperformed all of 2023 by 233%. This growth has been fueled by factors
including Bitcoin's market cap crossing $1 trillion in February and speculation
about a potential Ethereum ETF.
Wesley Pryor, founder of Acheron Trading
Wesley
Pryor, founder of Acheron Trading, noted the company's need to adapt its
traditionally lean operational strategy “to scale with the industry and keep
pace with increasing trading levels and greater regulatory measures.”
“Daniel’s
appointment and the many others we have just made underscore Acheron Trading’s
unwavering commitment to meet the evolving needs of our clientele. Both the
individual and collective professional experiences of our new hires are
invaluable to our strategy as we rise to this new tide of activity,” Pryor
added.
"As a
trusted principal and designated market maker, we must scale in order to meet
the demands of our clients who are driving the industry forward," added Laurent
Benayoun, CEO of Acheron Trading, emphasizing the need to scale operations to
meet client demands. “By strengthening our QT, QD, and sales teams, we are
continuing the provision of a transparent and symbiotic MM offering.”
Acheron's
recent growth is also part of a broader initiative that has seen the company
make several key moves in recent years. The firm has diversified its offerings
by introducing a principal market-making service and developing Command
Station, an in-house trading infrastructure platform. Additionally, Acheron has
formed new partnerships, including a collaboration with the tech incubator
forgd.com. The company also bolstered its technological capabilities through
the acquisition of HedgeTech, a Boston-based firm specializing in algorithmic
market-making solutions, in 2022.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
