Theo Papathanasiou Leaves Saxo Bank for Interactive Brokers UK

Long-time industry veteran Theo Papathanasiou has joined Interactive Brokers UK as a regional sales director. He made the move after spending almost six years at the London office of the Danish multi-asset brokerage.

With over 17 years in FX sales, Papathanasiou is a valuable addition to the team at Interactive Brokers UK. He started his career at Citi, where he spent six years. He then moved on to join Credit Suisse until June 2008, when he left the company to open a new chapter in his career.

In January of 2009 Papathanasiou got hired to a management position at World Markets, where he participated in the launch of the company. Papathanasiou joined Saxo Bank’s London office as Head of Client Services in the UK at the end of 2012. He was subsequently promoted to Head of Global Sales Trading. His invaluable experience in the industry is a significant addition to Interactive Brokers' team in London.

Interactive Brokers UK

The London-based unit of Interactive Brokers is focusing on the European market. This branch of the global low-cost multi-asset trading provider was established in 2000. Aside from the UK capital, in Europe the company also has offices in Switzerland, Estonia, Hungary, Russia and Lichtenstein.

Interactive Brokers does not break down its revenue on a regional basis, however the company has been at the forefront of the retail brokerage industry for decades. The global giant has equity capital of over $6.4 billion (as of 2017) and almost half a million accounts. The client equity held at the brokerage totalled $125 billion as of the end of 2017.

Interactive Brokers has a different model when compared to its industry peers in the Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term FX and CFDs industry. The company is focused on providing 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-traded instruments such as stocks, options and futures. While the firm does offer foreign exchange trading, its focus is on an offering that delivers a broad range of markets to the trader.