Exclusive: PrimeXM hires MetaQuotes veteran senior executive Andrei Savitski

Having witnessed and contributed to the success of MetaTrader 4 since its inception in 2005, Andrei Savitski leaves MetaQuotes on very good terms after 11 years to join PrimeXM.


MetaQuotes has dominated the retail trading platform sector ever since the inception of MetaTrader 4 in 2005, its development spurring the massive surge forward in retail trading that has now taken the entire world’s financial markets into a new dimension.

Right at the very beginning, Andrei Savitski, was Head of Global Sales at MetaQuotes, the company which developed the ubiquitous MetaTrader 4 platform.

Mr. Savitski maintained his position as Head of Global Sales at MetaQuotes for 11 years, witnessing and being responsible for the platform’s foray into the retail FX industry and its entire all encompassing dominance of the retail FX platform sector.

Andrei Savitski

Mr. Savitski has now left MetaQuotes after propelling the MetaTrader 4 platform from its origins as a completely new project to the de facto trading interface for which an entire technological ecosystem has been built by expert third party liquidity management, integration and application development firms, and has been appointed Global Business Development Manager at trading platform integration technology company PrimeXM in Limassol, Cyprus.

As a pure technology provider of  bridge aggregation software, ultra-low-latency connectivity and institutional grade hosting solutions, a major part of PrimeXM’s product range is an ultra low-latency aggregation, order routing and reporting engine, which is called XCore.

Today, FinanceFeeds spoke to Mr. Savitski with regard to his new position, as well as Richard Bartlett, Head of Global Sales at PrimeXM who Mr. Savitski will report to.

“We are very pleased to welcome Andrei to PrimeXM, his understanding of how to take technology solutions to market and bring them to a position in which majority market share is achieved is extremely valuable to us” explained Mr. Bartlett.

“Andrei’s vast amount of market knowledge and experience will prove invaluable in his new role. His primary objectives will be to build upon PrimeXM’s already substantial global presence by promoting our market leading XCore aggregation, connectivity and hosting solutions to various financial institutions that are looking for the best in breed technology solutions. I wish him the very best in his new role and look forward to supporting him in achieving his goals” concluded Mr. Bartlett.

Mr. Savitski explained to FinanceFeeds today “I am very much looking forward to applying my background and technological expertise to further expand PrimeXM’s presence in the market and developing existing relationships with financial institutions worldwide.”

“PrimeXM’s solutions and services are highly advanced, offering unique business opportunities for brokers to tap into additional revenue streams, and significantly enhance the quality of the trading services they provide to their valued clients” concluded Mr. Savitski.

Mr. Savitski left MetaQuotes on very good terms after a remarkable 11 year tenure at MetaQuotes and looks forward to this prominent advancement in his career at PrimeXM.

    Read this next


    Volt secures EMI license, expands payment solutions in UK

    Volt has successfully obtained an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA).

    Retail FX

    ASIC bankrupts finfluencer Tyson Scholz over stock tips

    The Australian Securities and Investments Commission (ASIC) has effectively bankrupted Tyson Robert Scholz, the figure behind “Black Wolf Pit.” The action marks a significant crackdown on so-called ‘finfluencers’ and individuals providing unlicensed financial services.

    Digital Assets

    Green Bitcoin Presale Raises $1M as Bitcoin Approaches its ATH

    The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding. With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield.


    Introducing QuickNode Streams: Elevating Blockchain Data Management

    Discover QuickNode’s Latest Innovation: Streamlining Blockchain Data Streaming for Enhanced Efficiency and Accessibility. Explore the Future of Blockchain Technology with Streams.

    Industry News

    John Oliver rips into MetaTrader over role in ‘Pig Butchering’ scams

    “If your friend told you to download an app, and you saw it in the app store with good reviews, you might assume everything on it was legitimate. In before, you saw MetaTrader’s logo which looks like three men in suits jerking each other off under a table – an appropriate metaphor for cryptocurrency if I have ever seen one,” Oliver quipped.

    Digital Assets

    Coinbase supports Nethermind and Erigon to ease Geth dependency

    Coinbase plans to support additional execution clients as America’s largest crypto platform aims to improve the Ethereum blockchain’s resilience and mitigate the risks associated with the network’s heavy reliance on a single client.


    How AI Transforms Trading: Current Trends and Perspectives

    In 2023, we observed a boom of news about Artificial Intelligence (AI) in every field, whether finance, tech or medicine. In 2024 and later, AI will take an even more significant place.

    Industry News, Uncategorized

    FCA wants to tackle lack of competition in wholesale data market

    “Complex licensing practices by MDVs and trade data providers who deliver their data through MDVs increase costs for data users. Many Market Data Vendor (MDV) users have to hold licences both from the data generator (such as a trading venue) and from the MDV through which they access data. We have seen an increasing proliferation of licences for similar data types and different use cases. Complexity also drives additional costs for data users, such as operating a compliance team.”

    Digital Assets

    SEC objects to Terraform’s $166 million legal retainer

    The U.S. Securities and Exchange Commission (SEC) has lodged objections against Terraform Labs for a $166 million retainer payment to its legal representatives ahead of its trial.