Petros Kalaitzi leaves NAGA Group to join TheTradingPit

abdelaziz Fathi

NAGA Group, a Germany-based broker focusing on social trading, has parted ways with Petros Kalaitzi, who spent there nine months as its head of customer experience(CX). He lands at a new financial services firm called ‘TheTradingPit,’ where he assumes the role of chief operating officer (COO).

Petros joined the publicly traded fintech back in April 2021 coming from London-based brokerage firm, Tickmill where held several client-facing roles for nearly three years.

“The Trading Pit is going to allow to good traders to be fully funded and split profits with us. So they pay a one time fee in order to participate in a trading challenge on a demo environment. Once they prove that they are able to handle the risk according the predefined requirements , they can move to a real account completely funded by our company. Once this account starts generating profits we split them again based on a predefined %. We expect to be able to accept our first clients by the end of Q1 2022,” he told FinanceFeeds.

Mr Kalaitzis, whose career in the FX industry spans more than 12 years, had served as head of client services at the listed derivatives (UK & EU) division. He originally joined Tickmill in 2017 as a team leader in sales and customer support, where he offered training and guidance to staff in many business areas.

Petros was then promoted in 2019 to be responsible with building client-facing departments. He was also in charge for leading sales & service teams in exchange-traded derivative products (Futures & Options).

Kalaitzis joined Tickmill from FocusVision, which was preceded by a three-year tenure at Saxo Bank, based out of Danish investment bank’s offices in Cyprus. During his time with Saxo, he serviced nearly 5,000 active accounts across 46 countries, his Linkedin shows.

Petros joined the forex bank in 2014 as an account services representative, then was promoted to take on an expanded role as manager of retail and corporate sales. There, he was tasked with business development in Greece and Cyprus, selling FX, CFDs, equities, options, futures, and bonds.

His career in the foreign exchange space encompasses a short stint at IronFX as a client relations and customer support specialist. In addition, he spent seven months with the Israeli social trading platform, eToro, as a dealer.

Meanwhile, NAGA announced the launch of a brand-new social trading platform focused on cryptocurrencies. Dubbed NAGAX, the platform is set to launch in the first quarter of this year. It will consist of a futures and derivatives exchange, crypto wallet, an inbuilt NFT platform, a staking platform, Web3 social trading experience, and a spot exchange with around 700 tradable assets.

Read this next

Digital Assets

Societe Generale launches its own cryptocurrency, EURCV

French banking giant Societe Generale has launched its own euro-pegged stablecoin, EUR CoinVertible (EURCV). This move by France’s third-largest bank reflects the increasing trend of mainstream financial institutions embracing cryptocurrencies on a global scale.

Executive Moves

Stelios Eleftheriou leaves NAGA Group to join BVNK

BVNK, the crypto-powered payments and banking platform for businesses, has appointed FX industry veteran Stelios Eleftheriou, who has a colorful career across the gaming industry, as Business Development Director (CFD & iGaming).

Retail FX introduce ETFs on UAE, Saudi stocks

Abu Dhabi-based broker has expanded its asset class offerings to include a new suite of Exchange-Traded Funds (ETFs) tailored for the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) markets.

Institutional FX

Tradeweb Markets surges past $1.80 ADV in November

Tradeweb Markets Inc. (Nasdaq: TW) has reported a total trading volume of $38.2 trillion and a record average daily volume (ADV) of $1.80 trillion for November 2023. These figures mark a 59.2% year-over-year increase.

Inside View

A Mission in Accounting

Ismael Haber, an auditor and accountant, has made it his mission to help businesses improve the quality of their financial information by eliminating fraud and error. In the next five years, the demand for these specific financial services, being external financial audits, forensic accounting, and other fraud preventive and detective services is envisaged to increase.

Institutional FX

CME Group to launch new spot FX marketplace ‘CME FX Spot+’ in 2024

US derivatives exchange, CME Group today announced plans to introduce ‘CME FX Spot+’, a novel spot foreign exchange (FX) marketplace.


FMLS:2023: Andrew Mreana provides an exclusive sneak peek into cTrader’s 2024 innovations

cTrader’s focus for the next year would be on developing new tools for Introducing Brokers (IBs) and partners, particularly those related to algorithmic (algo) trading, the company’s head of growth told FinanceFeed in an exclusive interview at the Finance Magnates London Summit 2023.

Digital Assets

Grayscale’s Ethereum ETF stalls: SEC extends review to January 2024

The United States Securities and Exchange Commission (SEC) has extended the evaluation period for Grayscale’s proposed Ethereum spot ETF.

Institutional FX

BMLL completes China equity data offering: Shanghai, Shenzhen, and Hong Kong

“Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”