Broctagon Hires Head of Asia FX Liquidity
Posted by Colin Lambert. Last updated: March 25, 2021
Broctagon Fintech Group has named Cecilia Chan as executive director and head of Asia FX liquidity – she will be based in Singapore.
The group, which is licenced in the Malaysian province of Labuan, provides technology to brokers and says Chan will head its newly established Broctagon Prime Markets Limited, which will offer multi-asset opportunities such as CFDs, commodities as well as digital assets.
Chan joins after almost three years at Hang Seng Indexes, where she was manager of exchange and regulatory relations, based in Hong Kong, prior to which she was vice president of membership and international coverage at Singapore Exchange for just over three years. She also worked at Phillip Futures and Maybank in senior futures roles.
“The past few years has seen a huge shift to electronic trading, and It has become evident that technology shapes the success of a broker,” says Chan. “I wanted to be at the forefront of that shift and that’s what compelled me to relocate to join Broctagon in its Singapore HQ. The company is well-positioned to play a big part in guiding the Asia broking community through this ongoing transition. As a provider of both prime of prime liquidity and turnkey brokerage technologies, our ambition is to empower brokers holistically. I believe, my experience from both buy-side and sell-side provides comprehensive understanding not only on how brokerages are run, but their pain points and the kind of resources they need, which Broctagon Prime Markets will be poised to provide.”
“We are confident the broking community will be further boosted by our joint capabilities across FX and digital assets,” she continues. “Five years ago, traditional institutions showed no interest in digital assets, but right now, digital assets are drawing a lot of attention and traditional brokers are increasingly exploring how to integrate these assets into their offerings. I expect this trend to benefit Broctagon’s direction, considering we have specific solutions for both these markets, coupled with our understanding of the nuances of trading systems across each asset.”
Don Guo CEO of Broctagon, adds, “With the demand for trading in the Asian markets growing rapidly, we see Labuan as a growing financial hub. In contrast to the many liquidity providers operating in the region which are European-focused, Broctagon Prime Markets has its core capabilities built to serve the APAC region. We are headquartered in Asia, the majority of our team is based in Asia, our background is in the Asian markets and Cecilia brings to the table proven local proficiencies spanning multiple Asian jurisdictions that can truly benefit the clients we serve.”