Two former FXCM executives have landed at X Markets Trading, with Mark Davison and Michael Higgins having being appointed to the role of Director of Business Development and Global Head of Sales, respectively, according to an FXWeek report.
Mr. Davison joins X Markets Trading as its Director of Business Development in its London office, where he will be tasked with expanding the firm’s client base and liquidity provision. Prior to coming to X Markets Trading, Mr. Davison worked at FXCMPro for over two years as its Global Head Bank Relationships – FastMatch. Additional stops include Alpari UK and Prudential Financial, dating back to 1994.
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Alternatively, Michael Higgins been tapped as the Global Head of Sales and Distribution at X Markets Trading – he will also be based out of London in the new role. He joins from FXCMPro as well, having worked previously as its Director of Institutional FX Sales – Europe, Middle East and Africa (EMEA), as well as its Vice President, among other roles at the firm since 2005.
FXCM recently made headlines last week after it submitted a request from the Texas Supreme Court to transfer the Revelation Forex client’s funds recovery case into arbitration. The appointed receiver of the case is Kelly Crawford, who accused FXCM in 2013 of providing the convicted Kevin G. White with aid that helped him conduct and carry out numerous violations, cited gross oversight of fraud and a failure to prevent losses to investors.