Stavros Economides has
left Match-Prime Liquidity after almost seven years with the company, according
to a LinkedIn post published today (Friday). He most recently served as Chief
Operating Officer, according to his LinkedIn profile.
“When I joined,
liquidity was a very different conversation than it is today,” Economides said.
He described his time at Match-Prime as the most rewarding stretch of his
career, citing his involvement in building its technology, client relationships
and reputation.
“What I’ll take with
me isn’t the numbers. It’s the people,” he said.
Economides Held Dealing Roles Across
Brokers
Match-Prime Liquidity
is a brand owned and operated by MTG Liquidity Ltd. The company provides
liquidity for forex and CFDs and is
authorised and regulated by the Cyprus Securities and Exchange Commission.
Before joining
Match-Prime, Economides spent about two and a half years as Head of Dealing
Desk at Q8 Trade, operated by Q8 Securities, which is regulated by Kuwait’s
Capital Markets Authority.
He then spent about a
year as Head of Trading at TeleTrade, following just over two years as a Senior
Dealer at Capital Index.
Earlier in his career,
Economides spent just over two years as a Forex/Securities Dealer at
Markets.com.
Match-Prime Expands Regional Leadership
The departure comes as Match-Prime has
continued to expand its management and regional presence. In January, the
liquidity provider appointed
Kareem Harras as Head of MENA, tasking him with leading its expansion
across the Middle East and North Africa.
Match-Prime Expands 24/7 CFD Offering
Match-Prime has also expanded its product
offering this year. In June, it
introduced 24/7 CFDs on gold, silver, WTI crude oil, US100 and US500
through its Cyprus-regulated entity. The products are available via MT4, MT5,
cTrader, Match-Trader and FIX API connectivity.
Leverage was set at 5x, with a 20% margin
requirement and $1 million net open position limits. When underlying markets
are closed, Match-Prime uses an internal price discovery mechanism with price
bands and a decay function.
This article was written by Tareq Sikder at www.financemagnates.com.
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