Axes, a leading global agency broker and pioneer in electronic trading access to the world's developed, emerging and frontier markets, today announced that it has named William Reekstin as Global Business Development Executive.
Mr. Reekstin, who joined AXES in January 2007, is expanding his role to strategically manage the rapidly growing client demand for the firm's global equities trading services. He is employing his extensive expertise to develop global trading and marketing strategies for AXES' clients and its global broker network.
In his expanded role, Mr. Reekstin, 31, is responsible for planning and implementing new strategic initiatives in conjunction with the firm's overall growth plan. Mr. Reekstin has been focusing on managing the integration of new brokerage services on AXES' Global Execution Management System (GEMS), a cross-border trading system that provides a single point of entry to an exclusive partner network of foreign brokers in more than 100 countries trading in over 250 equity and derivatives exchanges across the world's developed, emerging and frontier markets.
Mr. Reekstin is counseling AXES' clients on developing their trading strategies in targeted emerging and frontier market regions, including South America, Southeast Asia and the Middle East. He also is working closely with AXES broker partners around the world to provide AXES clients with enhanced brokerage services in each local market. Mr. Reekstin is also working to help AXES' partners develop their own international brokerage offering through AXES' GEMS.
"Being able to successfully trade on a global scale requires more than simply connecting to the world's markets," said Peter F. Gaffney, AXES President. "Each market is a unique challenge with its own set of unique best practices that need to be identified and executed in order to generate the highest returns. William's vast experience in global trading and marketing helps provide AXES' clients with a clear advantage navigating and trading in the global markets."
Mr. Reekstin's appointment also coincides with the firm's recent professional hires in global sales and sales trading, technology and back office, which support the firm's currenttent and anticipated growth.
AXES continues to add execution and value-added trading desk services in additional emerging and frontier markets that clients can access through either GEMS or its 24-hour trading desk, further strengthening the firm's leadership position in providing brokerage services across the world's equities markets.