Hidden Highway, the crypto prime brokerage, has promoted Michael Higgins to Worldwide Chief Government Officer, additional strengthening its management. In accordance with Higgins’ replace on LinkedIn, he assumed the position final month.
Higgins joined Hidden Highway in 2019 as a Accomplice and Head of EMEA and the UK. He was later promoted to World Head of Enterprise Growth, which was additionally his most up-to-date position. He’s primarily based in London.
Heading a Crypto Prime Dealer
Hidden Highway is a primary dealer that already affords cryptocurrency liquidity by over-the-counter (OTC) prime brokerage. It additionally launched a complete Artificial Prime Brokerage answer for OTC Swaps, referred to as Route 28, and just lately partnered with Finery Markets to introduce a complicated OTC liquidity pool.
Based in 2018, Hidden Highway earlier this yr cleared trillions of {dollars} within the prime brokerage enterprise throughout foreign exchange and digital belongings. The variety of purchasers on the platform nearly doubled final yr.
“We offer entry to many issues,” Higgins instructed Finance Magnates in a earlier interview. “However there are two essential ones: entry to all of the liquidity buying and selling locations and entry to financing. It’s the mixture of these two entry factors that enable establishments to commerce throughout the entire ecosystem in a capital and cost-efficient approach.”
“We’re a sell-side enterprise like a financial institution however operated with buy-side capital. We now have stepped right into a extremely regulated atmosphere. We run a extremely regulated infrastructure to service that a part of the ecosystem in addition to even the most important names as a result of the most important names do not at all times get in single clear their enterprise.”
Background in FX
Higgins has a robust background in foreign exchange brokerage. Earlier than becoming a member of Hidden Highway, he was Managing Director at London-based Coronam, which specialised in distributing absolutely automated algorithmic FX, Equities, Mounted Earnings, and Commodities pricing and threat administration options. He additionally had a short stint at X Markets Buying and selling, the place he served as World Head of Gross sales and Distribution.
He made his title within the business throughout his tenure at FXCM, the place he joined in 2005 as a Gross sales Dealer and left in mid-2015 as Director of Institutional FX Gross sales for EMEA.
This text was written by Arnab Shome at www.financemagnates.com.
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