LMAX Global names Andreas Wigstrom to head sales and distribution

Rick Steves

Andreas Wigstrom is with LMAX Group since 2010, having joined as Head of International Development at LMAX Global. In 2019, he became Executive Director at the broker.

LMAX Group has appointed Andreas Wigstrom to the newly created role of Managing Director for LMAX Global, the Group’s regulated broker.

The operator of institutional execution venues for FX and cryptocurrency trading owns LMAX Global as a way to offer regulated brokerage services for traders looking to gain exposure to FX, metals, and commodities.

Andreas Wigstrom will be in charge of sales and distribution of the LMAX Global offering worldwide, which caters to retail brokers and professional traders.

LMAX Global provides access to deep institutional firm limit order liquidity, tight spreads, and transparent, precise execution, the broker claims.

LMAX Group sells 30% stake to J.C. Flowers & Co in major deal

David Mercer, CEO, LMAX Group, commented: “This appointment demonstrates the depth of talent we have within LMAX Group, alongside the capabilities our senior managers have in geographic and business-line leadership roles. This is a great strength of LMAX Group. Andreas is at the top of his game and a natural choice for this newly created role. I am confident that we have the right team in place to deliver the Group’s full capabilities to serve the evolving needs of our clients.”

Andreas Wigstrom, Managing Director of LMAX Global, added: “I am honored to have been given the opportunity to take on this new role at such a pivotal moment in the LMAX Group growth story. I truly believe that we have a unique product and value proposition and have a clear sense of how we can build on our track record of achieving growth and driving innovation.”

Andreas Wigstrom is with LMAX Group since 2010, having joined as Head of International Development at LMAX Global. In 2019, he became Executive Director at the broker.

Over the course of the last decade has been integral to driving growth in EMEA and Japan, consistently delivering outstanding results in terms of client onboarding, retention, growth in volumes and revenues, the firm stated.

Mr. Wigstrom joined LMAX Global from Alpari, where he was Global Commercial Director from 2008 to 2010. Prior to that, he spent three years at Citi Index (2005-2008) and five years as Sales Manager at Etrade (2000-2005).

Earlier this month, LMAX announced the sale of a 30% stake in the company to J.C. Flowers & Co, an investment company that focuses on the financial services industry.

The deal is for a cash consideration of $300 million and this values the company at $1 billion. The new funds would be used for the growth and expansion of the services of LMAX with a particular focus on the US and Asia.

The company said that David Mercer would continue to lead the company as he still owns a substantial stake in the company along with the existing management team and J.C. Flowers. This was a secondary share sale by the employees of LMAX.

Read this next

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

<