Celebrating female leadership in FX: Katy Parks (Tradesocio)

Rick Steves

Ultra-modern, highly technologically advanced, and at the cutting edge of the world of financial services and technology, the FX industry heralds executives who are ambitious, enthusiastic and upwardly mobile. In its relative infancy compared to the hierarchical, wood-paneled institutions of traditional banking, FX represents all that is urbane and fast moving, hence the lack of […]

Katy-Parks-Trade-Socio

Ultra-modern, highly technologically advanced, and at the cutting edge of the world of financial services and technology, the FX industry heralds executives who are ambitious, enthusiastic and upwardly mobile.

In its relative infancy compared to the hierarchical, wood-paneled institutions of traditional banking, FX represents all that is urbane and fast moving, hence the lack of a metaphorical ‘glass ceiling’. With this dynamism comes the rise to success of several ladies whose prominence in senior management positions across the entire FX industry, from social trading, to interactive educational systems, to signal provision, platform engineering, events, and brokerage.

As FinanceFeeds celebrates the success of women in the FX industry, FinanceFeeds’ Ricardo Esteves spoke to Katy Parks, Account Manager at Tradesocio, a provider of marketing software for brokers.

How did you get into the industry and where did it all start?

After graduating back in 2006, I took my first steps in the finance arena in a sales position in a recruitment firm in London. A major turning point for me was attending a sales meeting back in 2007 and sitting in the boardroom of a major investment bank, thinking how I wanted to be at the other side of the table. I told my team leader about this and his response was a disapproving look and a reply along the lines of: “you aren’t ready”.

One year later I was heading up the entire recruitment division in another major investment bank in Canary Wharf. That’s when I finally realized that if you believe in yourself, you can do anything.

Katy-ParksHave you faced any challenges and how did you overcome them?

Working in a Sales position wasn’t the challenging part. Nor was learning about the Finance Industry and the associated culture that came with it. Adapting and blending into that role came naturally. Unfortunately there were a few things which I came to realize also came as part of the package which I hadn’t anticipated to begin with.

Before I took on the position at the Investment Bank, I remember landing a 100K deal with a new client, a mere 3 months into my new role which didn’t fare well with some male colleagues. Having said that, it didn’t go down well with my female colleagues either – but we were outnumbered so I can’t really say it was a gender specific issue. It was about competition.

Being competitive in a male oriented industry as a female can be challenging – if you don’t know how to handle it. I was lucky to have some incredible bosses who helped guide me through the rough patches and helped me build my confidence and grow thicker skin. These guys were true leaders in their field and I have a lot to thank them for, especially for where I am today.

Any interesting anecdotes from your own background and how this helped you succeed?

Recently, I was approached for a great position in TradeSocio with an incredible team who saw the value I can add to their company and leapt at the opportunity. Working with a such supportive team makes all the difference, both in the growth of your company and your personal development.

Even thoughit’s a start up, I can already see that the people managing us have a clear view in mind about what foundations they need to create a good working environment and form a successful business. Being part of those foundations and growing with the team is a great experience.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<