Finance Magnates has learned that the industry veteran Gregory Bottitta, the First Derivatives’ Vice President – eTrading and Risk Management Solutions, has parted ways with the technology provider, ending a tenure of more than five years.
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 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).
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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.