Six months after leaving GKFX, Tim Rudland has joined another broker – FXCM.
According to information published on LinkedIn, Rudland has joined the brokerage as vice president of institutional sales.
Rudland’s last role was, as noted, with fellow retail broker GKFX.
Based in the firm’s London office, he was head of trading for two years. Prior to that, he worked as assistant head of trading from mid-2015 to the end of 2016.
Rudland got his start in the retail trading world back in 2004.
Having spent a couple of years as a purchasing officer for a shipping company, he joined CMC Markets that year as a dealer.
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After two years at the brokerage giant, he moved to Saxon Financials – a now-defunct company that provided trading and execution services.
During his two and a half years at the firm, Rudland worked as a proprietary trader, systems analyst and metals trader.
Alpari to FXCM
In May of 2009, the new FXCM executive jumped ship again, this time to Alpari, where he took up a new role as a senior trader.
Almost five years into that role, Rudland was promoted to become the broker’s assistant head of trading.
Just over a year after that promotion, he switched firms again, joining GKFX in the aforementioned assistant head of trading role.
Rudland’s move into institutional sales comes as many firms in the retail trading world have started to focus their efforts on attracting professional clients.
That change has been driven by the European Securities and Markets Authority’s regulations, introduced last August, which place leverage caps on retail traders but not those that classify as professional.