Tim Rudland Joins FXCM as VP of Institutional Sales

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.

After two years at the brokerage giant, he moved to Saxon Financials - a now-defunct company that provided trading and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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 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 caps on retail traders but not those that classify as professional.