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Foreign Exchange

ADS Securities appoints institutional FX salesman

ADS Securities (ADSS), the Abu Dhabi-based broker, has hired a former New York-based dealer to manage its relationships with FX liquidity providers.

Bryan Seegers, formerly chief dealer with online broker Alpari, will also be responsible for managing institutional clients at ADSS, which include banks, hedge funds and other trading platforms. Seegers reports to Nael Salem, head dealer at ADSS.

ADSS started operations in March 2011. The firm, which is regulated by the UAE Central Bank, is part of the ADS Holding group and was established with initial capital of $400 million.

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