TORA Secures Peter Rank and Chris Hopton as It Expands to London
- Rank will report to David Tattan, Head of Sales for Europe, while Hopton joins the global team of professional service managers.
TORA announced that it has expanded its presence to London, and in the process, it has hired Peter Rank as its new Sales Manager and Chris Hopton as its Professional Services Manager, effective immediately.
Finance Magnates recently learned in a press release that Peter Rank, who is experienced in relationship management and sales, and Chris Hopton, an experienced manager who excels at communicating complex concepts and solutions, have been recruited by TORA, a provider of advanced Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing concepts performing run time series analysis (or trend analysis), and execute trades in real-time.Advantages of Cloud Computing in TradingAn advantage that stems from cloud computing would be that entities don’t need to construct a data center infrastructure themselves.Instead, entities can conduct trials and perform refinements, and should no solutions pan out then the cloud may be shut down while the payment terminated at the same time. This methodology of renting virtual space and time in cloud tends to be far more appealing than the costs, time, and resources required with constructing hardware and software infrastructures.These also happen to be the exact concept used in SaaS with trading related software.While executing trades via the cloud is an important capability to keep intact, most retail traders are drawn to the cloud for the research, backtesting, and analytics advantages that stem from using the cloud. In forex, traders that use Expert Advisors (EAs) and automated trading software are uploading their solutions onto a broker’s cloud account. The cloud is an ecosystem for multiple industries, sectors, and niches. Its versatility has not been peaked while in trading many retail traders are transitioning to cloud computing as a means to reduce expenditures, optimize efficiency, and maximize available resources. The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing concepts performing run time series analysis (or trend analysis), and execute trades in real-time.Advantages of Cloud Computing in TradingAn advantage that stems from cloud computing would be that entities don’t need to construct a data center infrastructure themselves.Instead, entities can conduct trials and perform refinements, and should no solutions pan out then the cloud may be shut down while the payment terminated at the same time. This methodology of renting virtual space and time in cloud tends to be far more appealing than the costs, time, and resources required with constructing hardware and software infrastructures.These also happen to be the exact concept used in SaaS with trading related software.While executing trades via the cloud is an important capability to keep intact, most retail traders are drawn to the cloud for the research, backtesting, and analytics advantages that stem from using the cloud. In forex, traders that use Expert Advisors (EAs) and automated trading software are uploading their solutions onto a broker’s cloud account. The cloud is an ecosystem for multiple industries, sectors, and niches. Its versatility has not been peaked while in trading many retail traders are transitioning to cloud computing as a means to reduce expenditures, optimize efficiency, and maximize available resources. Read this Term-based order 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term management system and portfolio management system, as its new Sales Manager and Professional Services Manager, respectively.
TORA has brought on Rank as Sales Manager in Europe and Hopton as a Professional Services Manager. Rank will be reporting to David Tattan, the Head of Sales for Europe. He will be responsible for driving new client acquisition for TORA’s software solutions. However, Hopton will be joining the global team of professional service managers to continue to provide software and workflow solutions, fast onboarding and leading service to global institutional investors.
TORA’s all-in-one OEMS & PMS offers a wealth of functionality covering execution, allocations, risk control, order management, real-time general ledger, positions-keeping, P&L monitoring and SWAP finance modelling.
Looking Back at Rank’s and Hopton’s Career
Prior to today’s announcement, Rank served AxeTrading as its EMEA Sales from February 2018 to September 2020. His role situated in London involved fixed income electronic trading providing solutions for businesses, according to his LinkedIn profile.
Earlier on at Bloomberg, he worked in Relationship Management/Sales for more than seven years. He assisted with part of AIM Europe Hedge Fund F team covering existing clients in London, Switzerland and Malta.
Additionally, at JP Morgan, Rank filled the role of FX Sales Support for just over three years.
However, Hopton benefitted most recently by working for TradingScreen as a Senior Account Manager until May this year. His duties entailed the responsibility for Investment Managers and Hedge Funds clients for a total AUM of approximately $38 billion.
In July 2017, GSAV Ltd recruited him as a Consultant. Over nineteen months, he focused on pricing, tracking and a regulatory platform for collateralized securities lending.
Additionally at SS&C GlobeOp, he held the post of Account Manager Hedge Fund Services for two years where he looked after Hedge Fund Clients with a total AUM of approximately $5.5 billion.
Also, he served MarkitSERV Ltd as the Vice President of Account Management for just short of five years. Further, DTCC DerivSERV utilised his services in the capacity of Senior Relationship Manager for more than two years. Credit Suisse took Hopton on for a short stint in the Complex Product Derivative Control Group. Moreover, UBS Investment Bank hired Hopton as a Business Analyst in September 2004.
Hopton’s career began in September 2000 at HSBC as a Relationship Manager of Corporate Investment Banking & Markets.
Solid Momentum in Europe
Chris Jenkins, Managing Director at TORA commented: “We are excited to open the new London office, the company has seen substantial growth over the past 18 months with our expansion into new asset classes, an all-in-one front to back trading solution and new generation PMS. We are gaining solid momentum in Europe with our traditional equity as well as FX and Fixed Income markets. These hires are key to ensuring the company is positioned correctly with the right talent and jurisdictions.”
TORA announced that it has expanded its presence to London, and in the process, it has hired Peter Rank as its new Sales Manager and Chris Hopton as its Professional Services Manager, effective immediately.
Finance Magnates recently learned in a press release that Peter Rank, who is experienced in relationship management and sales, and Chris Hopton, an experienced manager who excels at communicating complex concepts and solutions, have been recruited by TORA, a provider of advanced Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing concepts performing run time series analysis (or trend analysis), and execute trades in real-time.Advantages of Cloud Computing in TradingAn advantage that stems from cloud computing would be that entities don’t need to construct a data center infrastructure themselves.Instead, entities can conduct trials and perform refinements, and should no solutions pan out then the cloud may be shut down while the payment terminated at the same time. This methodology of renting virtual space and time in cloud tends to be far more appealing than the costs, time, and resources required with constructing hardware and software infrastructures.These also happen to be the exact concept used in SaaS with trading related software.While executing trades via the cloud is an important capability to keep intact, most retail traders are drawn to the cloud for the research, backtesting, and analytics advantages that stem from using the cloud. In forex, traders that use Expert Advisors (EAs) and automated trading software are uploading their solutions onto a broker’s cloud account. The cloud is an ecosystem for multiple industries, sectors, and niches. Its versatility has not been peaked while in trading many retail traders are transitioning to cloud computing as a means to reduce expenditures, optimize efficiency, and maximize available resources. The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing concepts performing run time series analysis (or trend analysis), and execute trades in real-time.Advantages of Cloud Computing in TradingAn advantage that stems from cloud computing would be that entities don’t need to construct a data center infrastructure themselves.Instead, entities can conduct trials and perform refinements, and should no solutions pan out then the cloud may be shut down while the payment terminated at the same time. This methodology of renting virtual space and time in cloud tends to be far more appealing than the costs, time, and resources required with constructing hardware and software infrastructures.These also happen to be the exact concept used in SaaS with trading related software.While executing trades via the cloud is an important capability to keep intact, most retail traders are drawn to the cloud for the research, backtesting, and analytics advantages that stem from using the cloud. In forex, traders that use Expert Advisors (EAs) and automated trading software are uploading their solutions onto a broker’s cloud account. The cloud is an ecosystem for multiple industries, sectors, and niches. Its versatility has not been peaked while in trading many retail traders are transitioning to cloud computing as a means to reduce expenditures, optimize efficiency, and maximize available resources. Read this Term-based order 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term management system and portfolio management system, as its new Sales Manager and Professional Services Manager, respectively.
TORA has brought on Rank as Sales Manager in Europe and Hopton as a Professional Services Manager. Rank will be reporting to David Tattan, the Head of Sales for Europe. He will be responsible for driving new client acquisition for TORA’s software solutions. However, Hopton will be joining the global team of professional service managers to continue to provide software and workflow solutions, fast onboarding and leading service to global institutional investors.
TORA’s all-in-one OEMS & PMS offers a wealth of functionality covering execution, allocations, risk control, order management, real-time general ledger, positions-keeping, P&L monitoring and SWAP finance modelling.
Looking Back at Rank’s and Hopton’s Career
Prior to today’s announcement, Rank served AxeTrading as its EMEA Sales from February 2018 to September 2020. His role situated in London involved fixed income electronic trading providing solutions for businesses, according to his LinkedIn profile.
Earlier on at Bloomberg, he worked in Relationship Management/Sales for more than seven years. He assisted with part of AIM Europe Hedge Fund F team covering existing clients in London, Switzerland and Malta.
Additionally, at JP Morgan, Rank filled the role of FX Sales Support for just over three years.
However, Hopton benefitted most recently by working for TradingScreen as a Senior Account Manager until May this year. His duties entailed the responsibility for Investment Managers and Hedge Funds clients for a total AUM of approximately $38 billion.
In July 2017, GSAV Ltd recruited him as a Consultant. Over nineteen months, he focused on pricing, tracking and a regulatory platform for collateralized securities lending.
Additionally at SS&C GlobeOp, he held the post of Account Manager Hedge Fund Services for two years where he looked after Hedge Fund Clients with a total AUM of approximately $5.5 billion.
Also, he served MarkitSERV Ltd as the Vice President of Account Management for just short of five years. Further, DTCC DerivSERV utilised his services in the capacity of Senior Relationship Manager for more than two years. Credit Suisse took Hopton on for a short stint in the Complex Product Derivative Control Group. Moreover, UBS Investment Bank hired Hopton as a Business Analyst in September 2004.
Hopton’s career began in September 2000 at HSBC as a Relationship Manager of Corporate Investment Banking & Markets.
Solid Momentum in Europe
Chris Jenkins, Managing Director at TORA commented: “We are excited to open the new London office, the company has seen substantial growth over the past 18 months with our expansion into new asset classes, an all-in-one front to back trading solution and new generation PMS. We are gaining solid momentum in Europe with our traditional equity as well as FX and Fixed Income markets. These hires are key to ensuring the company is positioned correctly with the right talent and jurisdictions.”