Dragon Holdings AG
Dragon Holdings AG Announces Jim Manczak New Chief Operating Officer
Dragon Holdings AG / Key word(s): Change of Personnel 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@dragonholdings.net Dragon Holdings AG End of Corporate News 17.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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