If you follow the forex trading industry, you’re likely to have heard about the latest executive moves in the industry. The departure of Frederic Boillereau from HSBC is a notable example. Another notable move is the arrival of NidalAbdelhadi as the new head of ADS Securities’ global institutional sales. HSBC also had a notable executive change in July, when the company announced the departure of CEO Frederic Boillereau. He was in his position for almost a decade, and his departure was due to a restructuring of the bank’s business lines.
HSBC’s departure of Frederic Boillereau
The departure of Frederic Boillereau from HSBC is a blow to the bank’s forex trading division, in which he was the global head. Boileau had been with the bank for more than two decades and was appointed as global head of FX and metals in 2009. He departed the bank to work for Delta One.
Boileau was a key player in the firm’s forex trading business, largely due to his reputation in the industry. HSBC’s global banking and markets unit is one of the largest conduits for FX trading and liquidity. While the balance sheet of other banks is more focused on customer accounts, HSBC’s trading business is much more about managing the bank’s balance sheet.
NidalAbdelhadi joins ADS Securities as Head of Global Institutional Sales
ADS Securities, an Abu Dhabi-based brokerage firm, has appointed NidalAbdelhadi as its new Head of Global Institutional Sales. MrAbdelhadi is a seasoned Forex industry executive who has spent the past decade working in a variety of FX-related positions. He began his career at the Jordan-based MIG Bank, where he held the position of Head of Institutional Sales and was a close associate of founder Hisham Mansour. After MIG Bank was acquired by Swissquote Group Holding SA, MrAbdelhadi was retained by the company.
Before joining ADS Securities, NidalAbdelhadi held a number of leadership roles in the industry. He was the regional director of MIG Investments and the head of Institutional Sales for MIG Bank. He also served as a Managing Director at Advanced Markets LLC. Before joining ADS Securities, Nidal worked at MIG Investments and Advanced Markets LLC, where he was Head of Institutional Sales for seven years.
Tamas Szabo is the CEO of Pepperstone Group
Tamas Szabo is the new CEO of Pepperstone Group, an Australian forex brokerage. He has worked in the industry for over 14 years. He first joined IG Markets as a trainee in 1999 and later moved to Australia to help develop retail FX trading in the region. He will officially start his new role with Pepperstone on October 23. His previous roles comprise being the CEO of IG Markets’ Asia Pacific operations and as an executive at the Australian subsidiary, IG Markets.
Pepperstone got founded in the year 2010 in Australia and has rapidly grown to serve clients worldwide. In 2014, it had over $60 million in revenue. The company then decided to expand globally and opened an office in London. In 2015, they also became licensed in Cyprus and Germany. In 2021, they will also expand their presence into Kenya. Moreover, with its impressive list of achievements, Pepperstone also supported several charities, including the Prostate Cancer Foundation of Australia.
Market orders
There are different types of orders that a forex trader can use to enter and exit the market. Understanding the different types will help you become more successful in your trading activities. Market orders are the simplest type of orders and are executed at the current market price. They are commonly used by day traders to enter and exit the market quickly.
Market orders are different from limit orders. A limit order will not trade until a price meets certain criteria, while a market order will trade at the current market price. Limit orders, on the other hand, allow the trader to save money. The drawback of a limit order is that it can never be filled. Regardless of whether you’re a newbie to forex trading or a veteran, you should understand the different types of orders. It’s best to try them out on a demo account first.
Bid-ask spread
The bid-ask spread in forex trading refers to the difference between the bid price and the asking price of a currency pair. The spread is a profit margin for the broker. It is typically in the range of two to five pips. Traders should understand that the bid-ask spread may vary from one broker to another. As such, comparing spreads with other brokers is a good idea.
The spread is a very important concept in forex trading. It can affect your profit potential and is one of the most important factors to understand.
Currency swap
A currency swap is a currency trading move in which the investor changes the maturity structure of their overall currency position. This allows a trader to reduce the risk associated with short-term currency rate changes. For example, if a trader in the U.S. wants to invest in GBP CDs that mature in seven days, they would buy GBP spots and use those funds to purchase GBP short-term CDs. At the same time, they would sell the GBP forward to offset the risk of USD appreciation against GBP. Currency swaps are a key part of Forex trading.
Currency swaps are often done by companies that make a significant portion of their sales in a country other than its own. By shifting operations to another country, a company can reduce its risk of currency fluctuations. In addition, a company can pay expenses in the local currency of the country where they are located. For example, a furniture company in the U.S. may purchase materials from a Canadian supplier.