Advanced Markets LLC, the leading institutional liquidity provider and prime of prime, and Fortex Inc., the pace-setting FX technology company, are pleased to announce the appointment of Nidal Abdel Hadi as Managing Director of their Middle East and North Africa (MENA) operations and business development.
Nidal joins Advanced Markets and Fortex Inc. having spent almost 3 years with Swissquote where he most recently held the position of Head of Institutional Sales. Prior to his time at Squissquote, he spent 6 years as Head of Institutional Sales with MIG Bank. Importantly, Nidal brings with him an impressive track record of new business development, generated through 16 years of experience working in key leadership roles within the financial services industry.
In his new position, Nidal will be responsible for driving the companies’ worldwide growth with a specialized and particular focus on the Middle East region. This signals a significant expansion for Advanced Markets and Fortex, as the firm continues to grow its global senior leadership team. The FX market in MENA is experiencing rapid growth and there is an increasing demand for a reputable counterparty, one that can deliver true STP (straight through processing) access to the interbank market via reliable and robust technology. The combination of Advanced Market’s superior liquidity and Fortex’s world class technology delivers the optimal product to address market needs.
“Nidal brings world class knowledge of the market and a global perspective to this new position. He has a track record of success and a detailed understanding of the institutional FX sector. Adding this new role is vital for Advanced Markets and Fortex as we continue our ambitious plans to further expand into international markets, by pioneering real FX “Prime of Prime” services and promoting transparency and fair OTC FX execution”, said Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex Inc.
“I am delighted to join Advanced Markets and Fortex Inc., the leading Institutional FX liquidity and technology providers. The demand for world-class institutional service, and stable and advanced technology that meets the needs of Banks, Brokers and corporate asset managers alike, is increasing worldwide”, said Nidal Abdel Hadi. “I believe that by combining the truly competitive prime liquidity and market depth of Advanced Markets and the state-of-the-art technology of Fortex we have created the optimal environment for Institutional clients , one that ensures both best execution and stable connectivity”.
About Advanced Markets
Advanced Markets is a wholesale provider of liquidity, technology and credit solutions to banks and brokers globally. The firm’s products support direct market access (DMA) trading in spot FX, precious metals as well as contracts for differences (CFDs) across financial and commodity products. It also provides FX, metals and CFD trading and credit solutions and services to fund managers, commodity trading advisors and corporate FX market participants. Through our institutional client base, we estimate that Advanced Markets liquidity ultimately serves more than 40,000 institutional and individual clients in more than 30 countries globally. The company is privately held. Outside investors include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank and GFI Group Inc. More information about Advanced Markets can be found at https://advancedmarketsfx.com/
About Fortex
Fortex Inc. is a renowned financial technology company that has developed one of the world’s leading ECN trading platforms, facilitating $12 billion in currency, metals, energy, and CFD trades, and 500,000 tickets, daily for tens of thousands of traders around the world. The company’s powerful Fortex 6 platform comprises sophisticated cloud infrastructure, and middleware solutions that have revolutionized currency, commodity, and equity trading. Today, traders, broker dealers, market makers, money managers, banks, hedge funds, and investors around the world rely on Fortex to accelerate trade execution and support sophisticated trading strategies. Some of the most successful currency trading firms have built their FX businesses on the Fortex platform. Fortex is headquartered in Redwood Shores, California with offices in New York, Boston, Hong Kong, Shanghai, and London. The company is privately held. More information about Fortex can be found at https://www.fortex.com.
