LeapRate Exclusive… Following up our exclusive coverage yesterday of the resignation of longtime AxiTrader General Manager Alex Mackinnon, LeapRate has learned that Mr. Mackinnon will be joining FX technology and white label solutions provider CFH Systems, in a senior management role.
CFH Systems’ executive management has confirmed to LeapRate that Mr. Mackinnon’s appointment will take effect as of January 3, 2018, following a brief garden leave after his departure from AxiTrader. He will continue to be based in the Far East with CFH.
We believe that Mr. Mackinnon’s appointment is part of a larger strategy at CFH Systems to increase its presence as a supplier of turnkey brokerage and white label FX and multi-asset trading systems in Asia, and we expect more moves from the company in that regard and in that region in the coming months.
CFH Systems, the technology arm of Copenhagen-based FX solutions provider CFH Group, was acquired by online gaming and financial trading company Playtech PLC (LON:PTEC) as part of Playtech’s $120 million acquisition of CFH Group late last year. As part of that deal Playtech also acquired CFH Clearing, an FCA regulated FX liquidity and Prime Brokerage services supplier. CFH Systems acts as a services provider to CFH Clearing – for example, CFH Systems provides integration to CFH Clearing’s top tier liquidity pools.