Exclusive: Tickmill’s head of derivatives Rex Johnson quits

abdelaziz Fathi

FX derivatives veteran Rex Johnson has quit London-based retail brokerage Tickmill and is headed to the institutional side, FinanceFeeds has learned.

Mr. Johnson is a highly experienced derivatives professional, having 20 plus years of experience in the industry where he held various leadership roles based out of London.

He is parting ways with Tickmill after spending two years as head of derivatives sales and trading. During this stint, he drove the growth of the cleared derivatives business with global listed investment exchanges, along with his expanded responsibilities in the company’s FX retail brokerage business. He was also instrumental in expanding the broker’s product portfolio with the launch of futures trading to capitalize on the growing popularity for such instruments outside their traditional users.

Without uncovering his next intention, we understand that Johnson leaves Tickmill on great footing and he has been contacted by a number of exchanges.

Johnson has originally joined the brokerage firm in December 2019. He has been deeply involved in the derivatives industry since 1998 when he started his career.

A transition period at Tickmill

Prior to Tickmill, Rex spent two years with Trust One Financial Services. There, he was entrusted with expanding the company’s European physical gold business and establishing partnerships to help lift the brand of Trust One as a Full-Scope, FCA-regulated settlement brokerage.

A 5-year tenure as a senior manager of listed derivatives & securities finance sales at Valbury Capital took Johnson’s career between 2012 and 2017. That was preceded by a short stint in an analogous role with US market maker StoneX (formerly INTL FCStone).

In 2019, Johnson joined blockchain firm Aurus Technologies as a non-executive advisor. The fintech company aims to replicate the traditional gold market in a digital way. However, we understand that Aurus isn’t Johnson’s next destination even as many FX execs have recently crossed the world of mainstream investment to set foot in the cryptocurrency industry.

Johnson’s departure comes amidst a transition period at Tickmill which saw a number of executive reshuffles and new projects in recent months. Earlier this year, the company parted ways with Petros Kalaitzis who held several client-facing roles for nearly three years.

Tickmill is a group of companies with UK FCA, Cypriot CySEC, SC FSA, South African FSCA and Malaysian LFSA licenses. We last reported on the company when it expanded its offering through incorporating the MetaTrader 5 (MT5) platform into its live trading infrastructure.

Read this next

Institutional FX

CME Group reports solid FX volumes, micro BTC futures average 27K contracts

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has just released its trading monthly review for November 2021, which showed a mixed performance across the group’s six product lines, according to a CME statement.

Institutional FX

PrimeXM’s volume hits new all-time high at $1.23 trillion

Average daily trading volumes across PrimeXM data center locations surged by over a third to a new record last month amid broad growth across different asset classes, the Swiss-founded technology company said today.

Institutional FX

Hedge-fund legend Steven Cohen invests in Dmitri Galinov’s 24 Exchange

24 Exchange, the OTC platform backed by Fastmatch founder Dmitri Galinov, has completed a fresh fundraising round of $14.25 million at an undisclosed valuation. The recent capital injection was led by Point72 Ventures, the venture capital firm of the hedge fund titan Steven Cohen.

Retail FX

5 Tips to Diversify Your Portfolio

Diversification is a popular investment strategy that has been used for decades by many investors of the calibre of Warren Buffet. Traders and investors take advantage of diversification because it reduces the risk of a portfolio and maximizes its returns.


FX volume at Integral hits a fresh yearly high at $50.6 billion a day

Currency trading on Integral’s platforms rose in November from a year earlier as increased volatility across financial markets led to greater activity on institutional FX venues.

Industry News

Wise planning aggressive North American expansion in 2022

Wise, one of the largest payment technology companies that are looking for different and easier ways to move money around the world, has announced that it would be looking to rapidly ramp up its team and its services in the North American region in 2022.

Digital Assets

Coinbase buys Israeli firm Unbound Security

Coinbase, one of the largest crypto exchanges in the US, has announced that it has bought the company named Unbound Security, an Israel-based firm dealing with the security of crypto transactions, for an undisclosed sum.

Digital Assets

Square changes name to Block, signalling Jack’s interest in blockchain

Square, one of the largest payment companies in the world that are deep into crypto as well, has announced that it would be changing its name to Block, perhaps signaling its increasing intent to delve deeper into the blockchain.

Institutional FX

Cboe reports rebound in FX institutional volumes for November

Cboe’s institutional spot FX platform on Tuesday reported ‎its trading volumes for November 2021, which saw a ‎positive performance as a rise in volatility encouraged more buying and selling ‎of currencies relative to the month prior.‎