The founder of prime broker CFH Clearing announced the launch of a new company this Tuesday. Lars Holst will act as the CEO of GCEX – a company that provides currency and cryptocurrency trading technology to professional clients and institutions.
Based in London and regulated by the Financial Conduct Authority, Holst set up the company in response to financial institutions’ growing demands for access to the nascent digital assets market.
Along with trading technology, the firm will provide companies with on-boarding tools, liquidity, and clearing solutions.
“Through our extensive investment, GCEX has developed a proprietary technology stack which provides a hybrid of ultra-low latency, industry leading solutions for institutional and professional clients,” said Holst.
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“Coupled with our collaborated research into AI applications with leading London universities and strong ties with the academic and technical communities, securely places GCEX at the forefront of cutting-edge development in the Cryptoasset space.”
Holst will be a familiar figure to many in the retail trading industry.
He founded prime broker CFH Clearing in 2008 and was company CEO for just under a decade. He left the firm in January of last year, having sold the company to TradeTech in late 2016.
The GCEX founder also had a five-year stint at Saxo Bank. He held several senior roles at the Danish broker, including global head of sales and account management.