trade.io Appoints Banking Veteran David Hannigan to Run OTC Desk
Wednesday 18th July 2018 Lugano, Switzerland – trade.io, a leading cryptocurrency exchange and innovator of the industry’s leading liquidity pool, today announced that David Hannigan has joined the company as its Chief Dealer. David brings almost 30 years of trading and risk management experience, most notably his position as Senior VP at National Australia Bank, to his new role.
David will lead trade.io’s risk management department and will be responsible for building out its OTC Desk, allowing for both retail and institutional fiat-to-crypto exchange functionality. Up to 50% of all OTC Desk revenues will be allocated to the forthcoming liquidity pool, which can only be accessed by using trade.io’s utility token, TIO.
trade.io’s CEO Jim Preissler said:
We’re very lucky to have someone with David’s experience lead the risk management team and spearhead our OTC Desk. David has an impeccable track record in trading and risk management, which is invaluable when dealing with the size of deals in the crypto space. It’s not uncommon to have a $10m deal come through the desk multiple times per day.
David Hannigan also commented:
I see a lot of similarities in how trade.io runs its business to many of the large banks I’ve worked for in the past. With my prior experience in the banking sector, I am cognizant on how profitable an OTC Desk can be. I am thrilled to hit the ground running to provide this service to the trade.io community.
David will also be providing daily commentary on the crypto markets which can be accessed by registered trade.io users.
trade.io is a next-generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading & FinTech sectors, and combining them with the power and transparency of the distributed ledger, trade.io has created a truly unique exchange that will revolutionize asset trading and investment banking.
Images courtesy of trade.io