CFH Clearing is now offering trading in single stock CFDs for retail brokers and high net worth individuals. CFH Clearing, TradeTech Group’s liquidity provider and prime-of-prime, will allow the single stock CFDs to be traded via all existing trading platforms and distribution channels, including MT4, MT5 and FIX API. The CFDs can also be fully […]
Tag: CFH Clearing
CFH Clearing is now offering trading in aluminium, copper, nickel, lead and Zinc against USD. This latest development is the first in a series of new products and asset classes being launched by CFH Clearing. The Financial Conduct Authority (FCA) regulated firm says that it has secured pricing for its base metal liquidity as a […]
CFH Clearing has appointed legal and compliance expert, Julia Free to its Board in an internal move.
Free, a qualified solicitor, has been promoted from compliance officer to director at CFH Clearing. As part of her new remit, she will take on the role of money laundering reporting officer (MLRO) and has gained a CF11 accreditation with the UK’s Financial Conduct Authority (FCA).
Free’s promotion coincides with what CFH terms “a restructuring at CFH Clearing to merge legal, compliance and onboarding into a single department to create enhanced efficiencies for its institutional clients”. She will head up this combined function.
“We are delighted to welcome Julia to the CFH Board. Her appointment in this newly created role highlights the priority we give to ensuring our legal and compliance obligations are at the forefront of all decisions we make for the organisation,” says Matthew Maloney, CEO, CFH Clearing. “Julia has an in-depth understanding about our business as well as the increasingly complex legal requirements we need to adhere to as an FCA regulated firm with a global client base. She will be an asset to our Board and thoroughly deserves her promotion.”
CFH Clearing has formed a partnership with OneZero Financial Systems to enable it to provide local liquidity from New York (NY4) to brokers and banks. The firm now offers local liquidity and connectivity from both New York (NY4) and London (LD4) through OneZero and becomes a key part of the OneZero hub environment.
“This complex integration takes our overall offering to the next level as clients can trade in both LD4 and NY4 with a single centralised back-office account,” says Marc Levin, chief commercial officer, CFH Clearing.
CFH Clearing has hired Michael Bleys as vice president, sales, EMEA, and handed existing employee, Harry Fry, a newly created business development role.
Bleys joins from Sucden Financial, where he spent over five years in the firm’s e-FX division. His career also includes five years at Saxo Bank in both London and Copenhagen, where Bleys was a sales trading manager, and a year at Barclays Wealth and Investment Management as vice president, FX derivatives. He will be based in London, with a remit covering brokerages, regional banks and funds.
Prior to his new role, Fry spent the past two years working in CFH’s client services team. Before that, he was employed by JP Morgan Asset Management, initially as a UK funds consultant and later as an oversight analyst.
CFH Clearing has appointed Andy Biggs as head of liquidity, a newly created role aimed at bringing a stronger analytical focus to its liquidity offering.
In this new role, Biggs will manage CFH teams in London and Hong Kong and will also work in partnership with CFH’s technology team in Copenhagen. His remit includes developing CFH’s liquidity suite, advising clients on the most appropriate tailored liquidity solutions and managing relationships with liquidity providers.
Biggs joins from IS Prime, where he was head of liquidity for the last three years. Prior to that he was in institutional sales roles at both Sucden Financial and ICM Capital.
RegTech specialist, Muinmos, has attracted investment from Lars Holst, former CEO of CFH Clearing, and Lars Torpe Christoffersen, an entrepreneur.
The firm itself is an automated onboarding organisation that was founded by Remonda Kirketerp-Møller in April 2012.
Holst’s 20-year career in the FX industry includes several senior executive positions at Saxo Bank and Currenex prior to co-founding CFH in 2008. He was at the helm of CFH for almost a decade, with the firm ultimately being sold to PlayTech for $120 million in November 2016. According to a release issued today, Holst will play an active role in muinmos, having been appointed as chairman of the board.
One of CFH Clearing’s founders, Remonda Kirketerp-Møller, has been appointed as non-executive director of the London-headquartered prime-of-prime firm.
Kirketerp-Møller, a qualified solicitor, co-founded CFH Clearing in 2008 with Christian Frahm and Lars Holst, having worked with them both at Saxo Bank where she was a director and head of legal and market data in the firm’s legal and compliance department.
She spent four years at CFH as head of legal and compliance, was on the board of directors and served as the company’s compliance officer. She was also a co-founder and executive director of CFH Group.
“Prime-of-Prime” has become something of an umbrella term these days, used by many firms operating very different business models. So Profit & Loss asked a number of firms that place themselves in this category exactly what constitutes a “true” prime-of-prime service provider.
Alex Mackinnon has left AxiTrader in Sydney where he was general manager, ending a four year spell at the firm.
Sources tell Profit & Loss that he is moving to run CFH Clearing’s Asian business, however this could not be confirmed by press time.
Mackinnon joined AxiTrader from INTL FC Stone in 2013, at the latter he was head of FX prime services in London, having joined the firm from ODL Securities in London, a firm he worked at for over six years.