Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp has appointed Ivan Rojas as Head of Latin America and Spain as it continues to expand its global footprint.
Rojas, who will be responsible for growing AxiCorp’s presence in the burgeoning Latin American market, has more than 10 years of experience operating and growing businesses in the region.
Rajesh Yohannan, CEO of AxiCorp, said Rojas’ appointment is vital as the company focuses on tapping new markets. He added:
Ivan has a solid track record in Latin America. As we tap into new markets we need someone like him who knows the landscape very well.
The Latin American market will give AxiCorp access to countries like Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Mexico and Peru where FX trading is growing at a rapid phase.
While FX trading in the Latin American region has been mostly done at the institutional level, the availability of online trading has opened up the markets to retail and individual traders.
Talking about his new role with AxiCorp, Ivan Rojas said:
Latin America must be one of the markets with the most potential for growth. And I’m keen to be part of AxiCorp’s expansion in this market.
Latin America is also under serviced at this stage because most FX providers have been focused on the European and Asian markets. With my focus in this region, current AxiCorp clients will be assured of our world-class service and resources. There’s a big potential in this market due to the growing middle-class population and we will work hard to bring in more and new clients.
At the same Rojas noted that Latin American investors are becoming savvier and open to new trading and investment instruments such as FX, commodities, and indices.
I have seen dramatic changes in this market over the past 10 years that I’ve been working here. It used to be a small market but now more people are getting to FX trading as they pick up more knowledge and education about FX trading,” Rojas added.