The Trading Pit adds Dr. Artem Lomakin as Chief Innovation Officer
Multi-asset prop trading firm The Trading Pit has announced the appointment of Cyprus based executive Dr. Artem Lomakin as the company’s new Chief Innovation Officer (CIO). Drawing from Lomakin’s diverse expertise and commendable track record, The Trading Pit said that it is set to amplify its product offerings and uplift client engagement.
Dr. Artem Lomakin’s extensive background in developing high-performance SaaS applications and successfully leading multi-functional teams will be instrumental in The Trading Pit’s next growth phase. With an impressive track record of over 20 years as CTO of B2B-Center, Artem was a vital member of the team that helped transform the company from a disruptive startup to a multi-product powerhouse with 600,000 clients worldwide and an $80 billion yearly trading volume. Artem has proven expertise in building top-notch IT teams from the ground up and fostering a collaborative culture centred on continuous improvement and innovation.
He will spearhead all research and development initiatives, instill a data-driven approach to product management and decision-making, and harness many innovative technology solutions to boost business processes, including data science techniques such as machine learning and AI. Furthermore, Artem is set to scale the technology team, drawing from his extensive experience to ensure seamless integration and heightened operational efficiency.
Under his innovative leadership, TTP said that it clients can anticipate the following:
- Enhanced User Interaction: A data-centric approach for intuitive user experience.
- Innovative Technology Solutions: Lomakin’s strategy encompasses a broad spectrum of technological solutions for quicker response times, seamless client experience and accurate risk assessments.
- Strategic Growth and Expansion: Diversification into investments and asset management, promising clients a broader range of services and opportunities.
- Transparency and Trust: Unparalleled standards of transparency and trust in the trading ecosystem, ensuring clients can trade with confidence and peace of mind.
Artem Lomakin hinted at an exciting trajectory:
“While I can’t unveil all our plans just yet, I assure our clients that they will soon witness some of the most competitive offerings and products in the market. Stay tuned.”
Chris Radecker, Co-Founder of The Trading Pit, spoke about the new appointment, saying,
“We’re delighted to welcome Artem to our team. His vast experience and forward-thinking approach align perfectly with The Trading Pit’s vision. Artem’s inclusion signifies our unwavering commitment to delivering unparalleled services to our clients. We’re confident we’ll meet and exceed our client’s expectations under his direction.”
About The Trading Pit
The Trading Pit was established in 2022, and is domiciled in Liechtenstein but managed mainly from Cyprus. Late last year the company raised €10 million in funding led by Pinorena Capital, an Estonia based private equity firm led by fintech entrepreneur Illimar Mattus. Pinorena’s other investments include Tickmill and Darwinex. Late last year The Trading Pit hired former Skilling and FXview executive Daniela Egli as CEO. The company is a multi-asset prop trading firm committed to redefining trading and investment standards.
