Exclusive: ex FXDD COO Lubo Kaneti joins Trading.com ahead of US launch
FNG Exclusive… FNG has learned that Lubomir (Lubo) Kaneti has joined Trading.com, ahead of Trading.com’s planned launch in the US later this year. Mr. Kaneti, based in New York, will serve as Trading.com’s Chief Commercial Officer, in charge of business development, sales and marketing.
Lubo Kaneti was COO of US based (but Malta licensed) FXDD for nearly 10 years, leaving in 2016 to join US investment house Cantor Fitzgerald. At Cantor Mr. Kaneti was part of a team that set out to launch a new financial product around weather risk transfer, allowing traders to hedge weather conditions and trade weather based derivatives. He left Cantor in mid 2020, and as noted above has moved back to the Retail FX industry.
Trading.com is a brand owned by Cyprus based Trading Point Holdings Ltd, whose main Retail FX brand is XM.com. XM.com has grown to become one of the leading brands in the sector worldwide over the past five years. The Trading Point group has licensed subsidiaries in a number of jurisdictions including the UK, Cyprus and Australia.
The group acquired the Trading.com url about two years ago, and has been using it somewhat (and fairly quietly) in the UK, but essentially has been waiting to use it mainly to penetrate the US online trading market.
Trading Point received a US Retail Foreign Exchange Dealer (RFED) license for its US subsidiary Trading.com Markets Inc after its status was NFA approved in April 2020. The company, led by Trading.com CEO Pambos Panayiotou (to whom Mr. Kaneti will report) and COO Soren Haagensen (formerly of smartTrade and Integral Development), is now building its team and preparing to launch an active US business later this year.
FNG spoke with Lubo Kaneti about his new role at Trading.com. He noted:
“I am very happy to be joining the team at Trading.com. I truly believe in the brand and what the company is trying to accomplish. I have always been passionate about helping transform a company’s aspirations into reality, something I hope to achieve in this role.”