LCG Onboards GQ CEO Julian Yang to Head Chinese Business

UK-based FX, spread betting and CFDs provider London Capital Group ‎‎(LCG) has selected Julian Yang to take on the role of its newest Head of China.‎

In his position as head of China business, Yang will maintain oversight and responsibility for all of LCG’s Chinese operations, including the group’s equities, FX, derivatives, and commodities offerings in the region.

With its core services concentrated on the trading products targeted by the UK and Europe regulators’ recent clampdown, the last few months have been a grim period for the UK’s online retail broker. The ailing company was hit by unexpectedly ‎low levels of market volatility and the threat of the FCA and ESMA tightening their grip on the industry.‏

Prior to joining the spread better in May 2019, Julian was most recently the chief executive officer of GQ Capital, an offshore-based brokerage regulated by the International Financial Service Commission in Belize. He served in the CEO role for nearly 13 months, from March 2018 to April 2019.

A veteran in mainland FX industry

Mr. Yang came over to GQ Capital from TigerWit Group, a financial technology company that develops its own copy trading system and Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that cover forex, precious metals, and CFDs. During his two-year tenure with the Fintech firm, he was also involved in its China business as one of the TigerWit’s senior management team.

Julian has spent the bulk of his career within the mainland FX industry, entirely based out of Shanghai city. Other stops included working as Saxo Bank’s institutional sales manager for less than a year. He was tasked with expanding the forex bank’s institutional business in China, mainly IBs, API traders and brokers who need Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for forex, precious metals and CFDs

Earlier in his career, which dates back to 2010, he joined FXPRIMUS as an account manager, also developing business in China, but this time focusing on both retail clients and IBs.