Tradeworks.io, a Danish fintech company that specializes in developing cloud-based trade automation software, revealed to Finance Magnates exclusively on Tuesday that it has secured Carlos Rocha as its new Vice President of Strategy & Business Development.
Previously Rocha ran IdeasForex, a matchmaking agency for introducing brokers and brokers. He worked here from 2008 until 2012, before heading into other areas of finance and business development.
His new position at Tradeworks marks his return to the forex industry. In his role, Rocha will help users and brokers in Europe adapt their trading practices to the new regulatory environment. This is, of course, referring to the multiple changes implemented by the European Securities and Markets Authority (ESMA) this year.
Carlos Rocha Returns to Forex Industry
Rocha has been involved in the financial markets since 2004. During his career, he has collaborated with firms such as Prudential Financial and ArkanesFX in Mexico. For these companies, he has performed activities such as investment consulting to strategic portfolio management.
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Commenting on the appointment, the CEO of Tradeworks.io Thomas Pedersen said: “Carlos has a unique insight into the FX broker ecosystem, as he has been trading actively himself, and he has worked closely with both brokers and IB’s – so he will be able to help us tweak both our product and offer-structure, so it may fit better with the needs of brokers as well as traders. So, when I met him I instantly started to work on making it possible for him to join the Tradeworks team.”
In 2012, Rocha graduated from Aarhus University with a Masters of Science, majoring in European Union (EU) Business and Law. He then went on to study at Copenhagen Business School where he achieved a Masters of Science in Finance and Strategic Management in 2016.
Speaking on his new position, Rocha said: “In a time where especially European brokers are facing a tougher regulatory environment it is a pleasure to join a company, which in the long term can be a part of a solution, which can help brokers thrive in the new regulatory environment.”
“Automated trading could play a key role in keeping performance statistics attractive, as well as enabling a trading frequency which can trigger stable revenues for brokers, even with lower leverage levels than the European brokers has historically been accustomed to.”