Edgewater Markets has named Paul Allmark as its Chief
Technology Officer. Based in the firm’s London office, Allmark will oversee all
technology functions and report directly to Edgewater’s founders. His
appointment is part of a broader leadership expansion as the firm positions
itself for continued growth across products and regions.
Senior Roles at Trading Platforms
Allmark arrives at Edgewater with more than 30 years of
experience in financial technology and markets. His track record includes
senior roles at major banks and trading platforms, where he focused on building and
scaling advanced systems. Most recently, he served as Chief Information Officer
at NEX / CME Group, where he oversaw the EBS and BrokerTec platforms.
“Paul joins Edgewater at a time of significant expansion,” commented
Skovran Schreder, Edgewater CEO and Co-founder. “His deep expertise in building
and scaling advanced trading platforms aligns perfectly with the ambitious
initiatives we have planned.
Read more: Moneta Markets Reveals Prop Trading Plans, Begins Search for General Manager
Allmark’s earlier career includes stints at EBS BrokerTec, Thomson
Reuters, and Dresdner Bank. He led several landmark industry projects, such as
launching the first internet-based single-dealer portal in 1998, pioneering FX
streaming in China in 2007, and developing low-latency containerised trading
architecture in 2020.
Other Recent Appointments
Last year, Edgewater Markets brought two senior
professionals to its leadership team. Raja Thakur joined the firm as the
Director of Institutional Sales. Besides that, Ben Rogan was enlisted as an
Executive Director and the Head of Compliance for Edgewater Markets London, the
firm’s UK entity regulated by the Financial Conduct Authority.
Meanwhile, Edgewater Markets integrated with financial
technology company Gold-i by linking its trading infrastructure with Gold-i’s
MatrixNET liquidity management platform.
According to the announcement, the integration
enables Gold-i clients to access Edgewater’s precious metals, foreign exchange,
and non-deliverable forwards liquidity, while providing Edgewater’s clients
with Gold-i’s liquidity management capabilities.
Edgewater
Markets has reportedly operated its prime brokerage business since 2006 and introduced
an institutional-only margin business in 2023.
This article was written by Jared Kirui at www.financemagnates.com.
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