Joe Rundle resigns as Head of Trading at ETX Capital – LeapRate Exclusive


LeapRate Exclusive… LeapRate has learned that longtime ETX Capital executive Joe Rundle has resigned from the company.

Rundle had been with the FCA-regulated ETX for more than 12 years, and along with ETX CEO Andrew Edwards was one of the few remaining employees at ETX dating back to before the company’s takeover by an investor group led by JRJ Group’s Jeremy Isaacs and Roger Nagioff in 2007.

Joe Rundle’s title at ETX was Head of Trading, however he was involved beyond the trading floor in a number of the company’s key business development initiatives. Most recently, Mr. Rundle spent a lot of time going back and forth to Shanghai building up ETX’s presence in China and the Far East. He was also involved in setting up country-specific partnerships for ETX in various European countries – ETX has had success partnering with specific reps in several individual countries on the continent.

Rundle's pet project - ETX's new website and platform
Rundle’s pet project – ETX’s new website and platform

Last year, one of Rundle’s major projects was the rebranding at ETX Capital (new logo, website…) including the launch of a new unified trading platform at ETX.

So why did Joe Rundle leave ETX?

A senior source at ETX Capital told LeapRate that the company and Mr. Rundle parted on good terms. The source told LeapRate that Mr. Rundle was indeed an important part of the growth story at ETX the past few years and he is definitely ‘CEO material’. However Mr. Rundle felt that he was unlikely to move up to the CEO’s chair at ETX, since the current CEO Andrew Edwards is still very young (42), has been very successful at growing the company and is unlikely to vacate his position any time soon.

ETX also recently hired Arman Tahmassebi as its new COO, another young (39) executive with experience in senior positions at London Capital Group Holdings plc (LON:LCG) and IG Group Holdings plc (LON:IGG).

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  • James

    heard he was squeezed out by tahmasebi. too many chefs…….

    • peter

      too much bullshit.

      • Ken

        He certainly didn’t walk fella !!!

  • Akihiko Sato

    ETX broker is not even a real broker. . terrible support – i trade with IronFX now and is much better

    • James

      you gotta be kidding. ever try to withdraw your money from ironfx? good luck with that.

      • Jaime

        Happens to trade as well with ironfx and i’m pretty satisfied with the trading conditions. Personally i only trade with FCA regulated brokers. Withdrew and redeposited several times so far so I don’t understand why all the fuss about this broker.

      • Akihiko Sato

        yes James – withdraw is processing as per normal.

  • Suga’ and Spice

    Think he got a little complacent in his role, wasn’t really trying anymore, very happy to just sit on his Head Trader throne. Arman turned up and was aggressively trying to grow the firm into an IG/CMC competitor and they just clashed.

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Joe Rundle resigns as Head of Trading at ETX Capital - LeapRate Exclusive

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