Technology provider First Derivatives (LON:FDP) has elevated Gregory Bottitta to a new senior sales and business development role in the firm’s Delta Flow platform, according to sources familiar with the matter.
Delta Flow is the company’s FX trading platform that helps provide direct access to liquidity for clients and adjust spreads in real time. The system caters to a variety of users, including brokers, banks, ECNs, HFT firms, and retail and institutional traders alike.
Mr. Bottitta’s promotion comes after a successful tenure as First Derivatives’ Vice President – e-Trading and Risk Management Solutions, a role he has held since early 2011. In his new role he will be tasked with the platform’s overall sales and business development.
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Prior to joining First Derivatives in 2011, Mr. Bottitta worked at FX Solutions as its Vice President of Institutional Sales, dating back to 2006. During his time with the company, he helped oversee it institutional and white label partner business relationships, whilst developing value-added capabilities and profitable relationships.
John Beckert, Managing Director of Trading and Risk Management who has been at First Derivatives for 15 years, is said to be parting ways with the firm.
The move at First Derivatives is the second this month, following the appointment Jon Robson as its Non-Executive Director. Mr. Robson joined the board with a vast wealth of experience as an executive and independent director in the capital markets industry.