Finalto promotes Ricardo Grados to head of Latam e-FX liquidity

abdelaziz Fathi

Finalto, the financial trading division of Gopher Investments, is making a broader push into newer markets, culminating in a new promotion focused on expanding the business into Latin America (LATAM).

Ricardo Grados

Based in Lima, Perú, Ricardo A. Grados has been promoted to Finalto’s Head of e-FX Liquidity Latam.

Ricardo has stepped into his role at Finalto earlier in May, according to information made public on his LinkedIn profile. He will help solidify Finalto’s operations in the LATAM region as well, bringing several years of expertise in the FX space to the role.

Most recently, Ricardo served as an institutional FX/equities sales specialist at an introducing broker. Prior to that, he spent three years in an analogous role with FX hedge fund Optimum Fund.

Earlier in his career, Grados was installed as head of LATAM FX business for London-headquartered forex brokerage Infinox Capital. A three-year stint as vice president of sales and trading at Cayman Island-based brokerage Tradeview took his career between 2016 and 2018.

Grados posted earlier on his LinkedIn profile that he was involved in leading a blockchain startup under the brand Forex Coin, which was looking to use Bitcoin’s underlying technology to streamline investment activities such as social trading and asset management. However, the information about his foray into the cryptocurrency world was entirely removed from his profile page.

Professional background

Nevertheless, Ricardo shares more of his interest around cryptocurrency in LinkedIn posts, pointing out the opportunities that exist within the blockchain, adding that the technology is needed to disrupt diverse industries, including his field of expertise.

Grados has been deeply involved in the derivatives industry since 2005 when he started his career. His 17 years in the industry include senior positions at Soros Fund Management (Quantum), Barclays Capital Systems, and New York-based BBVA Securities.

Prior to joining Tradeview in 2016, Grados worked as head of Business Development and FX Trading at Monaco Private Capital Corp. This appointment followed his departure from the FCA-regulated FX and CFDs broker City Credit Capital, where he served as introducing broker and head of sales-Peru for nearly two years.

Grados joins Finalto at a time when the company aims to expand the reach of its flagship technology stack. Dubbed ‘Fianlto360,’ it is an end-to-end broker solution available on SaaS subscription basis or a fully deployed basis, based on the customer’s preference. Finalto’s proprietary technology enables partners to efficiently onboard, retain and boost customers’ trading activity. It offers a CRM, connections to PSPs, marketing, compliance and reporting tools all connected to Finalto’s white labeled trading platform.

Read this next

Digital Assets

Crypto exchange Bittrex exits US market amid regulatory woes

Bittrex said on Friday it plans to wind down operations in the United States and voluntarily liquidate because of the uncertain regulatory environment surrounding their business.

Institutional FX

Tradeweb completes integration of Nasdaq’s US fixed income platform

Tradeweb Markets has completed the technology integration of Nasdaq’s US fixed income electronic trading platform, formerly known as eSpeed, which it acquired two years ago in a $190 million, all-cash transaction.

Digital Assets

FTX Europe to allow client withdrawals via new website

The Cypriot unit of failed cryptocurrency exchange FTX has launched a new website that it says would allow customers to withdraw deposits of fiat currency and crypto assets after months of suspension.

Retail FX

Liquidators apply to cancel SVS Securities’ FCA license

An update published today by Leonard Curtis said the UK high court of justice has approve their application to bring the special administration of the failed wealth manager SVS Securities to an end.

Digital Assets

Japan forms government panel to pilot digital yen

Japan’s Finance Ministry has created an advisory panel to look at the feasibility of issuing a central bank digital currency, otherwise known as “CBDC”.

Digital Assets

USDC sees massive $10.4 billion outflows in March

Cryptocurrency traders have withdrawn more than $10 billion from the world’s second largest stablecoin, USDC, in less than three weeks even as concerns over the fallout from the Silicon Valley collapse have receded.

Interviews

OSTTRA’s Joanna Davies goes beyond 30-30-30 data standard at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Joanna Davies about OSTTRA.

Interviews

CloudMargin’s Stuart Connolly on how to manage collateral amid high rates at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Stuart Connolly about CloudMargin’s SaaS platform, said to be the only cloud-native collateral and margin management system in the industry, at a time of stress due to rising interest rates.

Interviews

Baton Systems’ Alex Knight on solving post-trade with DLT at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Alex Knight about Baton Systems’ about rising settlement fails, collateral management, and the profile of DLT beyond cryptocurrencies.

<