Australia-based forex and CFDs broker, FP Markets, has on-boarded Nick Twidale as its new chief executive officer for the APAC region.
According to an update on Twidale’s Linkedin, he joined the broker at the beginning of this month and will be based in Sydney.
Twidale is a veteran in the forex trading industry with over two decades of experience. He entered the industry as a trader and climbed the ladder over the years now to run a brokerage.
He joined the ASIC-regulated broker from IC Markets, where he was a director for a little over a year. He was also the chief operating officer at the Australian unit of Rakuten Securities for almost three years and oversaw the day-to-day activities of the company. He further sat on its board of directors and was its ASIC-responsible manager.
Before joining Rakuten, he headed trading activities at T4T Capital as a director.
Twidale also has extensive experience with the sales side of the forex business. He was a sales manager at IronFX for around a year and had a similar role at Newedge.
He started his career as a foreign exchange trader at Australia’s Commonwealth Bank and later moved to RBC Capital Markets as a vice president.
A Crucial Time for Australian Brokers
FP Markets has global operations with its focus on the Asia-Pacific markets. It offers forex trading services and CFDs tradings with stocks, commodities, and indices.
Twidale took over the charge of the brokerage at a crucial time, months before the new retail trading limitations by the Aussie market regulator is coming into effect. The limitations on leverage and marketing might slow down the market activities, just as we have seen in Europe.
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