Richard Craddock, the former CEO of online brokerage firm ATFX, has joined FCA-regulated FX broker CWG Markets Limited as its newest Chief Executive Officer (CEO).
Mr. Craddock has stepped down from ATFX back in March 2019, as Finance Magnates reported exclusively, and was succeeded by Managing Director of ATFX (UK) Wei Qiang Zhang. Craddock has been the CEO of the United Kingdom operations of the online broker since 2017.
Though his stint with ATFX was relatively short, he helped the company establish its presence across key markets, with a greater focus on the Middle East, and also executed a universal sales strategy for the firm’s operations apart from his other duties.
According to FCA’s register, CWG MARKETS LTD is registered in England and Wales and obtained its license as a 730K investment firm back in February 2018. The company is authorized by the Financial Conduct Authority (FCA), under the reference number FRN 785129.
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Mr. Craddock is also the owner of Lake Shore Capital Ltd, which provides consulting services and access to multi-asset class brokerages for retail and institutional investors. The company also allows multiple clients placing across brokers and prime brokerages.
Back in 2014, he founded Rhodium Cobalt Ltd which helps set up brokerage business across foreign exchange markets and facilitates spot, forward, ad OTC options trading. Rhodium, which apparently continues to operate under Craddock’s leadership, also offers ready client base and e-commerce solutions for institutional client bases.
Mr. Craddock has strong experience and knowledge of the financial markets operations since 1988 and has held senior level positions at many leading brokerage houses.
Earlier in his career, he served as Chief Trader at MF Global, Chief Operating Office at FIXI plc and Head of Partnerships at SwipeStox GmbH, part of a career spanning over three decades.