LONDON--(BUSINESS WIRE)--Steven Woodcock, the newly appointed Head of Trading at TradeNext, expects the volatility and uncertainty in the global financial markets during 2014 to continue in 2015.
TradeNext, one of the fastest growing multi-asset providers of margin derivatives, extends its senior level hires with the addition of Woodcock. He is based in the London head office and will report to Larry De Souza, director sales & trading.
The FX veteran heads up the firm’s trading, dealing and risk management operations. Woodcock extends his career in the city having previously held FX dealer positions at Broadgate Mercury, Swiss Finance Corporation Ltd, and Credit Lyonnais Rouse.
Speaking following confirmation of his appointment Steven Woodcock, said: “The currency markets have enjoyed a bumper year as far as movement is concerned, the US Dollar has managed to break above some long term downtrend levels and has given the impression we could be in for some Dollar strength throughout the coming months.
“Gold has been on the back foot since reaching its year highs of 1388 Dollars an ounce in March being sold down to lows around 1130 at the start of November. Some Indices have managed to reach record levels aided by some accommodative polices across various centres.
“The Scottish referendum saw the British Pound enjoy some time in the limelight and it did not disappoint as far as movement against various currencies was concerned. Currently we see GBP under pressure across the board and signs are ominous as we approach a General Election next year.
“Also after a period of optimism in the first half of the year, signs are this was very short lived and we are now going into another period of stagnation Worldwide and can expect some more bad numbers from all centres.
“It looks like more volatility and uncertainty will be the way for the near future.”
Larry de Souza: “Steve is a valuable addition to our dealing and risk management operation, his vast knowledge and expertise will strengthen our front and back office framework. We are an ambitious firm so it is important for us to continue to add quality personnel what have strong industry knowledge and are experts at their field.”