SquaredFinancial promotes Philios Petrides to Chief Data Officer

Rick Steves

His career within the FX and CFD trading industry started at FxPro, where he worked for nearly five years, and then moved to EasyMarkets in 2018, before joining Scope Markets in 2019, always holding the same position of Head of Data & Business Intelligence. 

Philios Petrides

SquaredFinancial has promoted Philios Petrides to Chief Data Officer, where he will be responsible to lead the digital transformation of the company with the goal of making the firm a leader in the development and application of enterprise data.

Covering the three interlinked areas of governance, operations, and business development, Mr. Petrides will focus on implementing the insights offered by big data to improve the products and services delivered to SquaredFinancial’s clients.

Mr Petrides holds a degree in Internet Computing from the University of Northumbria, with specialization in Data Science and MSc in Business Intelligence and Data Analytics from CIIM. Prior to the promotion, he was Global Head of Business Intelligence at Squared Financial.

He joined the firm in 2020 from Scope Markets, where he was also Head of Data & Business Intelligence. There he built a Data and B.I. team from scratch, and gathered data from various heterogeneous sources to a central Data Repository. He also designed and implemented a Data warehouse, powered B.I., automated monitoring for D.W, Reporting and Transnational DBs.

His career within the FX and CFD trading industry started at FxPro, where he worked for nearly five years, and then moved to EasyMarkets in 2018, before joining Scope Markets in 2019, always holding the same position of Head of Data & Business Intelligence.

Husam Al Kurdi, Chief Executive Officer at SquaredFinancial said: “We are a data driven company and increasingly use digital information for governance, innovation, and revenue generation. Data is at the center of our business model, so I am excited that we could bring Philios into the company to lead this essential part of our development.”

SquaredFinancial has recently promoted Ali Rupani to the role of Chief Sales Officer. The ex-Goldman Sachs London trader, who ran the bank’s FX Sales operations for MENA and Africa, previously headed up Squared Financials’ Groups Sales Team in Europe. He has over 15 years investment banking experience and has been key to the development of the company following it’s relaunched in May last year. 

In the midst of the GameStop trading frenzy promoted by the r/WallStreetBets subreddit, SquaredFinancial came forward and announced unrestricted access to the stock. At the time, many brokers were restricting access to GME as they weren’t able to deal with the deposit requirements from settlement partners. 

“We have for many years been at the forefront of the democratisation of trading by giving increased and easier access to market products and data.” commented Husam Al Kurdi, Chief Executive Officer, of SquaredFinancial.

“We have pushed to create a global market gateway giving all traders the same opportunity as institutional investors.  So, following the high-profile activities of ‘Reddit’ traders, we don’t want to be in a position where we restrict access for anyone – this would go against everything we have been trying to achieve.  It is this reason we will offer unrestricted access to trade GameStop” said Mr Al Kurdi.

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