Former CMC Markets and 26 Degrees Executive Joins Crypto Prime Broker

Eric Wang, who formerly worked with multiple retail trading brands, has recently joined cryptocurrency prime broker LTP as its Head of Australia. According to his LinkedIn post, he already joined the new role last year.

LTP is a Hong Kong-based prime broker for digital assets in the Asia-Pacific (APAC) region. It claims to bridge centralized exchanges (CEXes) and decentralized exchanges (DEXes) for institutional clients worldwide.

A Long Career with Brokers and Liquidity Providers

Wang is also a seasoned executive in the retail trading industry. He joined LTP from CBCX, a liquidity provider for CFDs on forex, precious metals, commodities, and indexes, where he served as the Chief Operating Officer for almost two years.

According to his LinkedIn profile, he entered the industry in 2005 as a CFD/FX Execution Dealer at CMC Markets. He then became a Trading Risk Manager and later a Senior Business Operations Analyst before leaving the broker after spending over 11 years there. He then joined the Sydney offices of Invast Global, now 26 Degrees, where he spent about three years and left as the Director, Head of Liquidity and Execution.

Finance Magnates earlier reported that 26 Degrees would surrender its Cyprus Investment Firm license and had also seen the departure of multiple top executives, including its EMEA CEO and Chief Commercial Officer.

Wang also worked at the Sydney offices of CLSA Premium for three years. He joined as the Head of Products and Dealing and was later promoted to Executive Director (ED). At the time of his departure from that firm, he was the Country Manager and Group Head of Products and Dealing.