Multi-regulated online trading provider InterTrader has publicly revealed its newest appointment, having onboarded industry veteran Joe Rundle as its Chief Executive Officer (CEO).
Snapping a four-year stint with the Cyprus-based business of foreign exchange (FX) provider Markets.com, Joe Rundle brings to the role more than two decades of diverse experience across the financial services industry.
Prior to joining Markets.com in 2018, Rundle was director of trading and partnerships at ThinkMarkets. He held an analogous role at ETX Capital, a London-based financial spread-betting and CFDs provider, for more than six years. That was preceded by a similar stint with the same broker (which was rebranded as OvalX) as head of CFDS and execution, which took his career between 2004 and 2010.
Announcing his appointment in a LinkedIn post, InterTrader wrote: “We’re delighted to announce that Joe Rundle is the new CEO of Intertrader. Joe has over 20 years’ experience leading initiative, growth and business strategy at several top-tier brokerages. Starting his career at Bank of America, he has held senior leadership positions at ThinkMarkets and ETX Capital (most recently known as OvalFX), where he was part of the executive team responsible for repositioning the firm as a top five multi-asset broker. Joe was also Global CEO at Markets․com.”
InterTrader Limited is part of GVC Holdings PLC, a multinational sports betting and gaming group, which is listed on the London Stock Exchange. The group operates some of the leading brands in the gaming sector including bwin, sporting bet, PartyPoker and Foxy Bingo.
The London-based spread better and trading provider was the latest FCA-regulated broker to add a cryptocurrency derivative product to its trading platform, giving its investors the added advantage of tax-free profits when trading the digital asset.
There has been rapid growth in UK-based CFDs and spread betting providers looking to cash in on the meteoric rise of cryptocurrency – including Admiral Markets, Plus500, Gain Capital’s City Index, and many others.
The firms likely turned to CFDs as a way of offering cryptocurrency trading due to the difficulty in hedging positions in the real markets which always makes this derivative type a prime alternative to many underlying assets.
