DGAP-News: Dragon Holdings AG Announces Jim Manczak New Chief Operating Officer
(firmenpresse) - DGAP-News: Dragon Holdings AG / Key word(s): Change of Personnel
Dragon Holdings AG Announces Jim Manczak New Chief Operating Officer
17.09.2013 / 14:15
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Dragon Holdings AG Announces Jim Manczak New Chief Operating Officer
Munich, 17th September 2013 - Dragon Holdings AG, a global leader in
algorithm trading technology and provider of branded Forex liquidity
solutions, announced today the appointment of Jim Manczak as Chief
Operating Officer.
Manczak who has also been appointed to the Executive Board will spearhead
Dragon Holdings' launch of technology specifically designed to benefit
banks, institutional investors, hedge funds, asset managers, brokers and
retail consumers. He joins Dragon Holdings from Valbury Institutional FX
Sales, where he grew Valbury's presence in Asia and Australia providing
clients with tier-1 bank liquidity and prime brokerage services fully
regulated by the UK regulator, FCA. Prior to that he was Chief Marketing
Officer at FxPro Group where he was instrumental in expanding their brand
globally and overseeing sales growth up to $100 billion a month.
Average spot FX trading volumes using Dragon Holdings Group platform for
the second quarter 2013 reached US$ 80.47 billion, representing a 194%
increase over the previous quarter's US$ 41.47 billion.
Michael Hughes, Executive Director of Dragon Holdings AG, said:
'We are delighted to welcome Jim as COO, he brings a wealth of
international business experience to our Executive Board. He has deep
market knowledge and will be an integral part of the team. His connections
across all sectors of the FX industry, especially in Asia and Europe will
be extremely valuable at a time when Dragon's volumes are growing at record
pace.
As stated in August's release announcing business results, since its launch
in April 2013, Clone Algo, our B2C product, exclusive for brokers, opened
more than 3,200 accounts. This success allows us to once again strengthen
our position on the international market and expand our products. We are
expecting to increase the distribution of our products to ten FX brokers by
the end of 2013 and to eighty by the end of 2015.
We will continue to innovate reliable products that will sustain high
performance business. Our Group will soon launch a new product for
professional traders, Clone Algo Pro Trading Terminals.'
About Dragon Holdings AG
Dragon Holdings AG has its registered office in Munich, Germany and
operates as a holding company having diverse business activities related to
Algorithmic Trading Technology. Through its subsidiaries, Dragon Holdings
AG markets trading platforms worldwide, offering its clients complete
services that include software and hardware.
Dragon Holdings AG is a global leader in Forex trading technology and
provider of branded liquidity solutions. The Group develops Algorithms,
Risk Management Systems and other software for the wholesale markets in
gold, commodities and FX through electronic networks, operating in several
electronic market places. Through the distribution of Clone Algo
platforms, the group helps its customers clone trades in the social Gold
and FX space.
For more information, please visit our company website:
www.dragonholdings.net
If you have any questions, please contact our Investor Relations Team for
assistance at:
investor.relations(at)dragonholdings.net
Dragon Holdings AG
Innere Wiener Str. 7
81667 München
Germany
Tel: +49 (0)89 21665036
Fax: +49 (0)89 21665041
End of Corporate News
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230683 17.09.2013
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Datum: 17.09.2013 - 14:15 Uhr
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News-ID 297336
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