INX Limited elevates Bob Ejodame as VP of capital markets

abdelaziz Fathi

INX Limited has promoted Bob Ejodame to vice president of capital markets as the crypto exchange is flexing its muscles across the mainstream finance space.

Bob, who spent his 15-year career working in the FX industry, was tasked with running INX’s trading platforms on which institutional and retail investors are trading cryptocurrencies and regulated security tokens.

He joined the crypto exchange back in 2021 as head of operations, coming from broker-neutral technology firm FlexTrade, where he worked as head of production support for nearly two years. There he had hands-on experience of a product suite that offers access to market data providers and order management systems. FlexTrade’s OMS solution can also be tailored for global access to broker algorithms, as well as the ability to build proprietary algorithms.

Prior to that, Ejodame was VP of operations and transformation at TradAir, a provider of cloud-based trading technology solutions. In this capacity, he led TradAir’s support teams on a global basis based in the company’s London offices.

Mr. Ejodame brings extensive experience in leading client-facing teams, setting up new processes and supporting FX trading platforms. He held similar roles at other established venues including Head of Global FX Support at EBS, the FX platform owned by ICAP.

His promotion comes at a time when INX Limited is trying to strengthen its position and regulated activities to win a share of the US crypto market. The Gibraltar-based firm made headlines two years ago when it filed with the Securities and Exchange Commission (SEC) to raise nearly $130 million through an initial public offering (IPO).

In addition, INX Limited is considering plans to launch a crypto derivatives platform for trading futures, options and swaps. However, this is subject to the CTFC’s approval. It should be noted that with their acquisition of OpenFinance their broker/dealer and ATS licenses are already taken care of.

As the firm ups its profile, Ejodame’s promotion makes sense as he brings a wealth of experience and strategic insight, especially relating to traditional asset classes and trading and access to global liquidity providers, corporate leaders and business associates.

Read this next

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”