PrimeXM Promotes Alexis Droussiotis as Chief Information Officer

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.

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 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.

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 Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.