Former Citi executive Michael Mirarchi becomes CEO and Director of FXPrimus subsidiary CapMarFX

The FXPRIMUS Group has today announced that Michael Mirarchi has been appointed CEO & Director of its FCA-regulated subsidiary, CapMarFX which was formally known as CMS.

The appointment of Mr. Mirarchi forms part of a wider global strategy to enhance the institutional offerings of CapMarFX, focusing on its robust infrastructure, turn-key technology solutions, and institutionalgrade liquidity – accrued from more than 16 years of experience in the institutional forex arena.

With the appointment of Michael Mirarchi, CapMarFX demonstrates the company’s intention to position itself as the leading provider for institutions and professional traders worldwide.

Mr. Mirarchi joins CapMarFX from ATC Brokers, where he was tasked to start-up and strengthen the London-based brokerage in the capacity of CEO, since January, 2014. Mirarchi has over 11 years high level experience, ranging from retail and institutional FX sales, to FX prime brokerage.

Mr. Mirarchi has also played significant roles in launching bank side margin FX starts ups, dbFX and Citi.

Michael Mirarchi, CEO, commented: “CapMarFX is an established brand in the FX industry, founded in 1999. We’re now in a great position to build off that legacy and improve our offering geared towards institutions and professional traders. We continue to offer institutional grade liquidity via a variety of leading platforms such as First Derivatives, Currenex, and MT4 – in addition to recently launching CFD’s via API. We’ll be looking to grow our team in the next few months, which I’m very excited about.”

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