Former CMC Markets sales executive Sadek Baksh appointed VP Institutional FX at CFH Clearing

CFH Clearing has announced the appointment of Sadek Baksh as VP of Institutional eFX sales. Based in London, Mr. Baksh will report directly to Head of Sales, Paul Jackson, himself a highly experienced sales professional among London’s cutting edge liquidity providers, having joined CFH from LMAX in July 2014. Mr. Baksh joins CFH Clearing after […]

CFH Clearing has announced the appointment of Sadek Baksh as VP of Institutional eFX sales.

Based in London, Mr. Baksh will report directly to Head of Sales, Paul Jackson, himself a highly experienced sales professional among London’s cutting edge liquidity providers, having joined CFH from LMAX in July 2014.

sadek cfh
Sadek Baksh

Mr. Baksh joins CFH Clearing after three years and eight months as VP Institutional FX at CapMar Financial in London, where he was responsible for the sales of STP services via direct bank solutions for hedge funds, algorithmic traders, and white label partnerships.

Prior to his tenure at CapMar Financial, Mr. Baksh held the position of Sales Manager at CMC Markets for four and a half years, having joined CMC Markets in 2007.

Looking back one decade, Mr. Baksh spent two years at the coalface itself, firstly as a stockbroker for Hoodless Brennan at London’s Canary Wharf, before joining Blue Index as a derivatives trader in December 2006.

On his appointment today, Mr. Baksh stated

“I am delighted to join CFH Clearing. It is a company I’ve admired for a while, with an excellent reputation in the market and an impressive management team. I am looking forward to playing a key role in their future growth.”

Paul Jackson also spoke of the addition of Mr. Baksh to CFH Clearing’s Institutional Sales division by explaining

“Sadek joins CFH at an exciting time, when the company is looking to invest further and expand our business globally. His in-depth knowledge about liquidity and technology combined with his strong relationships in the institutional market make him a great addition to our team.”

Read this next

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

<