FDCTech names Jonathan Baumgart as Director of the Board

Rick Steves

Atomiq and Money Matter founder will join FDCTech as Director of the Board.

FDCTech, formerly known as Forex Development Corporation, has increased its board’s size from three to four directors and appointed Jonathan Baumgart as Director.

The US-based fintech company develops and delivers a full suite of technology infrastructure solutions to FX, Crypto, Wealth Management, and other future-proof financial sectors.

Jonathan Baumgart has a prominent career spanning over two decades in over-the-counter brokerage, regulations, technology, sales, and marketing, focusing on retail forex and high-growth financial assets.

Now, the company boasts two non-executive directors – Warwick Kerridge, Chairman, and Jonathan Baumgart, Director – and two executive directors – Mitchell Eaglstein, Co-Founder, CEO, and Imran Firoz, Co-Founder, CFO.

Jonathan Baumgart, newly appointed Director of the Company, said: “I’m both thrilled and honored to be part of a team that is pioneering the future of online trading. FDCTech has an amazing suite of multi-asset trading technologies that investors and traders around the world in a short time will view as the industry standard.”

Mr. Baumgart founded Atomiq Consulting, specialized in the retail forex industry and the trading of other high-growth financial assets. He has been its Chief Executive Officer since May 2014. He also co-founded Money Matter, a boutique financial investments services firm based in Krakow, Poland.

Prior to that, between September 2010 and March 2014, he was the Director of Training at Boston Technologies, a technology, market maker, high-frequency trading, and inter-broker broker-dealer in the retail forex, precious metals, and other over-the-counter financial securities.

Mitchell Eaglstein, Co-Founder and CEO of the FDCTech, said: “I’m very excited to welcome Jonathan to the Board of Directors. As an early thought leader in the online trading space, Jonathan has developed deep insights and knowledge about the entire forex brokerage ecosystem, a rare skill set.

“Jonathan’s illustrious career in online foreign exchange started in 2010 at a marque forex brokerage firm which led him to become Director of Business Development at a US-based startup fintech that rapidly grew to become the Inc.500 within three years. The appointment of such renowned expert signals the strength of our Company, to attract top-level industry talent and our ability to integrate existing and potential acquisitions of financial service companies.”

Mr. Baumgart is an industry thought leader and for years he shared his views with FinanceFeeds, including the FXCM collapse. “I’ve read many comments on finance sites about the FXCM ruling and find that the retail community often misunderstands what happened here”, Mr. Baumgart explained.

CEO Mitch Eaglestein launched FDCTech after three years at Boston Technologies, where he led the Prime Brokerage and eCommerce divisions. His career also includes two years at FXCM Systems as the CIO, where he provided white label and software development solutions to the trading company.

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