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.
Understanding the Gaps in Forex TradingGo to article >>
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 FX and CFDs industry. The company is focused on providing exchange-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.