FNG Exclusive… FNG has learned that longtime Forexare executive Fred Scala has joined Retail FX brokerage group DTT (Direct Trading Technologies), as Managing Director. Functionally, he will be in charge of B2B sales for DTT.

Fred Scala, who is based out of New York, was VP Sales for FX broker solutions provider Forexware, which part of Nukkleus Inc., for the past 10 years. Before joining Forexware in 2012 he spent five years as a Vice President at FXCM. He has also worked in FX trading at several banks including SEB, JP Morgan Chase, Unibank, Swiss Bank Corp, and Manufacturers Hanover Trust, dating back to 1985.

DTT is an Arabic language market focused Retail FX and CFDs broker, based out of Lebanon and Dubai. The company holds licenses in the UAE, Lithuania, Vanuatu, Panama, and in 2018 received an FCA license in the UK for Direct Trading Technologies UK Limited. DTT is jointly controlled by its longtime CEO Walid Ead and by Saudi based investor Khalid Al Makkawi.