Markets.com onboard FX veteran Marcelo Spina as COO

abdelaziz Fathi

Finalto-owned retail FX brand Markets.com has appointed industry veteran Marcelo Spina as its Chief Operating Officer (COO).

Spina brings over two decades of experience in the financial service industry, having worked with an array of investment firms across his lengthy career that dates back to 1995. He most recently served as CEO of CySEC-regulated broker Eurotrader Group, a position he held since August 2022.

That was preceded by a short stint at a start-up he founded in 2021 to smooth the online trading experience for both B2B and B2C sides.

Commenting on his appointment, Marcelo Spina said: “I’m super excited to join Markets.com and to help grow the business through development of our customer experience, products and services, and refining and implementing our global strategy so that we continue to be a global powerhouse in the online trading space. It’s a challenging and rewarding space to be in. The market is growing and this is an incredible time to help shape the business in a bold new direction as it evolves and grows in the coming years. I’m very product to be part of the team and be part of the journey!”

Matthew Maloney, Group CEO of Finalto, added: “Marcelo is proven leader with an excellent track record in the financial services industry. He brings lots of experience and knowledge and is a welcome addition to our leadership team at Markets.com.”

Spina also worked as global head of business development at FCA-regulated ThinkMarkets. He joined ThinkMarkets after a short stint with ForexTime (FXTM) where he spent seven months as head of partnerships, based out of London.

Prior to landing at FXTM, Spina was the director of institutional sales at Saxo Capital Markets, from December 2017 to January 2019. The bulk of his career in the FX industry, however, was at Gain Capital where he spent nearly ten years as a senior vice president of global operations and latterly as head of partnerships.

Spina’s tenure at GAIN Capital is not his first foray into the FX industry. Prior to joining the broker in April 2008, he worked as the vice president of sales at FXCM for over three years, dating back to April 2005.

Additional stops also include a stint as Tembo Inc.’s Owner and President between 2001 and 2005, as well as an associate-level role at Morgan Stanley for four years.

The news comes shortly after Markets.com appointed Dany Mawas as the new CEO of its South Africa operations. This hire is part of Markets.com’s strategy to strengthen its presence in the South African market.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <