Exclusive: Gregory Bottitta Parts Ways with First Derivatives, Joins EFFEX Capital

Finance Magnates has learned that the industry veteran Gregory Bottitta, the First Derivatives’ Vice President – eTrading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term Solutions, has parted ways with the technology provider, ending a tenure of more than five years.

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Gregory has relinquished his position at FD to join EFFEX Capital in the capacity of Head of Strategy and Business Development. Effex has quietly developed a reputation as a leading 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 provider. The firm has done this by acquiring exceptional talent, focusing on intelligence and innovation. EFFEX Capital is managed by a team of market and technology professionals based in Jersey City, New Jersey, and it has regional offices outside the U.S., in Europe (Northern Ireland) and Asia (Japan).

Speaking with Finance Magnates, Gregory Bottitta had this to say about the appointment:"Our market needs an Effex Capital who understands what it takes to provide true, customized liquidity feeds for specific client segments within the modern FX and CFD marketplace. Our goal is to offer this same service not only to large firms, but those smaller firms that would normally not have access to such powerful liquidity.”

Earlier in August 2015, First Derivatives promoted Mr. Bottitta to a new senior role in the firm’s Delta Flow platform, where he was charged with the responsibility of ‎the platform’s overall sales and business development.

Mr. Bottitta joined First Derivatives from FX Solutions, having served as Vice President of Institutional Sales, dating back to 2006. During his five-year tenure with FXSOL, he was instrumental in driving its‎ institutional and white label partner business relationships, developing new value-added capabilities and growing profitable relationships for the company.