For former FX & Derivatives Sales Trader Matt Cox, a move from a failed company to one that is prospering marks the latest advancement in his career.
Mr. Cox has been appointed FX Business Manager for Skrill, the recently acquired digital payment processing company which is a mainstay of the retail FX industry as brokers across the globe for several years have used the service for online customer deposits and withdrawals.
In late March, Optimal Payments Plc (LON:OPAY) announced its intention to acquire Sentinel Topco Limited and its subsidiaries, of which Skrill is one example from Sentinel Group Holdings in the form of a reverse takeover, representing a very large milestone.
Just hours after the announcement, shares in Optimal Payments rallied by a remarkable 32%, clearly demonstrating the confidence in the economy of scale that this union will create.
Skrill, which was formerly known as Moneybookers, is also a very well recognized company in the gaming arena, having been approved by the New Jersey Division of Gaming Enforcement (NJDGE) as the only sanctioned digital wallet for New Jersey internet gambling.
Mr. Cox joins the company at its London operations after three and a half years at Alpari UK, leaving the company after its demise early this year as a result of its insolvency which was caused by exposure to negative client balances following the Swiss National Bank’s removal of the 1.20 peg on the EURCHF pair.
Before joining Alpari UK, Mr. Cox was an Equities & Derivatives Sales Trader at Prime Markets, a position that he held for two years, preceded by a stint at Edward Jones as a Financial Adviser and Stockbroker in 2009.