Swiss-founded technology company, PrimeXM, a provider of FX bridge aggregation and institutional hosting solutions, has promoted Alexis Droussiotis to the role of its Chief Information Officer (CIO).
As its Chief Information Officer, Droussiotis will play a key role in the management and development of the group’s technological capabilities based out of Cyprus. His appointment comes after several similar roles at other venues over the course of a career spanning over 13 years.
Prior to his elevation, Alexis most recently worked as PrimeXM’s Information Systems (IS) Manager for nearly four years. During this period, he was responsible for defining technical architecture and design for the company’s solutions, datacenters presence, among many other tasks. He also provided oversight and technical guidance to engineering team members across branch offices in Limassol, Dubai and Shanghai.
Additionally, Droussiotis served in a similar capacity with Spotoption, a Cyprus-based company that had been a leading binary options technology provider. He spent three years at SpotOption and left just as the company shut down its binary options business followed by ceasing FX and CFDs lines.
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Droussiotis’ career encompasses various stints as IT Specialist at leading FX brokers including Alpari from 2012 to 2017, where he designed, setup and tested several trade and pricing modules. This was preceded by a three-year tenure in an analogous role with ForexTime Ltd (FXTM).
Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions, and high-end MT4/MT5 bridging and white labels. The Swiss-based technology company also offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.
In addition to their primary product XCore, PrimeXM offers hosting services in the most popular data centers used by the FX industry, such as Equinix LD4, NY4, and TY3, which enables clients to house their trading systems and algos in co-location to their execution engine and liquidity providers.