2 years ago
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Interactive Brokers Group has appointed Cecelia Zhong as Executive Director, reporting to David Friedland, Managing Director-Asia Pacific Operations at Interactive Brokers.
Based in IBKR’s Hong Kong office, Ms. Zhong will be focusing on business development for Greater China in the newly created position.
David Friedland, Managing Director-Asia Pacific Operations at Interactive Brokers, said: “We are excited to welcome Cecelia to Interactive Brokers and her appointment reinforces our commitment to China and serving our clients in Asia. With extensive experience in the financial services industry in Mainland China and Hong Kong, Cecelia will certainly help bolster our local product offerings and strengthen relationships with key market participants in the region.”
Cecelia Zhong, Executive Director of Greater China, commented: “I am pleased to join Interactive Brokers and work alongside such an accomplished team. As the financial landscape in Asia continues to evolve, I look forward to identifying and developing new business opportunities to ultimately benefit the company’s clients”.
Ms. Zhong joined Interactive Brokers from China Zhuhai Bluestone Asset Management, where she was a Consultant based in Hong Kong. Prior to that, she spent over two years at Guojin Metal Technology, a commodity-focused fintech, where she was CMO and also CEO of the firm’s international subsidiary.
Her career within the trading industry started in 2007 as Head of Greater China at NYSE Euronext, where she was responsible for setting up the Exchange’s business hub in Hong Kong.
After seven years at NYSE Euronext, Cecelia moved Hong Kong Exchanges and Clearing Limited (HKEX) in 2014, where she led and coordinated sales and marketing activities for HKEX and LME for nearly four years.
Interactive Brokers has recently announced the launch of low-cost cryptocurrency trading to its clients via a partnership with New York-based exchange and stablecoin issuer, Paxos.
Clients will be able to trade cryptocurrency at a commission of 0.12% – 0.18% of trade value, with a $1.75 minimum per order. Plus, there are no added spreads, markups, or custody fees.
The CFTC published earlier this month its monthly report for July 2021, which covers data for FCMs that are registered as retail foreign exchange dealers (RFEDs) and those included as broker-dealers that hold retail forex obligations in the United States.
From the five FX firms listed, the worst performer for the month, and actually the only loser, was Interactive Brokers which saw an overall fall of $6 million to $47 million, compared to $54 million at the end of June, or 12 percent lower month-over-month.
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