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Foreign Exchange

Alpari’s QuantumFX hires ex-Citi dealer in sales role

QuantumFX, the institutional division of FX broker Alpari, has hired a former Citi spot trader to drive its sales push.

Maxine Dennis is responsible for QuantumFX’s relationships with banks, brokerages and hedge funds, and the continued development of its institutional business. Dennis was a spot FX trader at Citi between 2004 and 2008, and has more than 20 years’ experience in the currency markets, having previously worked at UBS, Fuji Bank and Yamaichi Bank.

Mark Davison, global head of institutional sales at QuantumFX, says Dennis’ reputation in the market and experience brings a new element of expertise to the firm.

“QuantumFX has strived to diversify the portfolio of offerings we provide over recent months and it is apparent that, even in this electronic age, relationships remain essential attributes for success,” says Davison.

QuantumFX is an FX trading platform featuring anonymous trading via a central clearing counterparty model with multiple execution mechanisms. It uses Currenex infrastructure.

As reported previously by EuromoneyFXNews, Alpari, whose main business is in retail FX, plans to position itself for an initial public offering within three years.

As of May, Alpari says it has 170,000 active trading accounts generating more than $210 billion in monthly trading volume.

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