Justin Gilmore to Depart From Market Maker Citadel Securities

Finance Magnates learned on Thursday that Citadel Securities executive Justin Gilmore is leaving the firm.

Gilmore, a director in the market maker’s foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading team, has been at the company for more than four years.

Sources familiar with the matter told Finance Magnates that Gilmore is leaving the firm on good terms and resigned for personal reasons.

The Citadel Securities director will have his last day at the firm on Friday.

During his time with the company, Gilmore was part of the team responsible for business development, sales and the global distribution of Citadel Securities' FX market making product and services.

From FXCM to Citadel Securities

Finance Magnates reached out to Gilmore to find out what his future plans are, but the FX executive declined to comment.

Gilmore joined Citadel Securities in 2015. Prior to working at the market maker, he worked for almost six years at Shift Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term - a consultancy firm to the retail trading industry which he founded in 2009.

Gilmore launched the company with Ian McAfee, who continues to run the firm today, and advised brokerages on - amongst other things - marketing strategies, sales efforts, and technology.

Before going out on his own, Gilmore worked for dbFX, Deutsche Bank’s now-defunct retail trading service, for close to three years.

Prior to this, he also worked as a sales associate at retail brokerage firm FXCM.

During his time at the firm, Gilmore sold FXCM’s services to retail traders and its white label solutions to different firms. He also worked alongside McAfee - who was in the sales division - during his time at the firm.