Paul Orford moves on from TopFX, begins work on new project

Well connected industry executive Paul Orford has left TopFX after two and a half years at the firm, in order to concentrate on a new project. We take a look at Mr. Orford’s career and his perspective on retail and institutional FX

Senior institutional FX industry figure and regular broadcaster on all matters with regard to electronic trading Paul Orford has moved on from his position as VP of Global Business Development at Cyprus based prime brokerage TopFX.

Highly well connected Mr. Orford joined TopFX from Blackwell Global in February 2014, and is a well recognized professional among the realms of the institutional and retail electronic trading industry in Cyprus.

Andrew Saks-McLeod, (FinanceFeeds), Paul Orford (TopFX)
Andrew Saks-McLeod, (FinanceFeeds), Paul Orford (TopFX)

A proponent of good business ethic, Mr. Orford has contributed regularly to many industry news sources and appeared on televised FX industry television broadcasts in order to discuss the correct direction that the FX industry should take in his learned opinion.

Recently, Mr. Orford explained “Much like the world stock markets over the past 8 years, which many view as being tremendously over valued due to cheap credit, has the FX market become drunk on ‘cheap volatility’. If this is the ‘new normal’, what does this meen for the B Book industry and their clients as a whole?”

“We all know the basic nature of the argument that if this were to continue there will be a lot less of the ‘established’ brokerages left in this field who have failed to adapt from the now outmoded market maker model” concluded Mr. Orford.

Before joining TopFX, Mr. Orford spent a year and a half at Blackwell Global in Business Development, preceded by relationship-based positions at retail FX brokerages in Cyprus.

Mr. Orford is currently working on his next project, which is expected to be unveiled very shortly. Meanwhile, here is a reminder of Mr. Orford’s perspectives on the immediate future of retail FX. Watch the video below.


Read this next

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

Digital Assets

BingX publishes Proof-of-Reserve report by auditor Mazars to address general distrust in crypto

“It is our responsibility to help our customers know their platform and feel safe. They should only trade in regulated and licensed exchanges or one showing them proof when they need it.”