Institutional market-making has traditionally focused on equities and larger financial markets. Old Pond was created with a different focus—bringing the same precision, discipline, and technology to retail FX and CFD brokers.
The founders of Old Pond were early employees and held senior executive positions at FXCM, (FXCM:NYSE). At its height, FXCM was the largest OTC retail FX/CFD firm in the world. They have over 50 years of combined experience in this highly lucrative and complex niche industry. They’ve successfully built and managed teams world-wide and have duplicated their success building Old Pond. Their accomplishments and expertise are uncommon and unparalleled in the FX/CFD industry.
Mike joined FXCM in 2001 as one of its first employees, building and leading the firm’s global introducing broker and institutional division. Under his leadership, the business grew from zero to more than $250 million in annual revenue by 2010, becoming the largest institutional business in the FX/CFD industry.
During his tenure, major financial institutions including Charles Schwab, E*Trade, Man Financial, Refco Financial, Deutsche Bank, Samsung Securities, Hyundai Financial, the Korean Sovereign Wealth Fund (KIC), CITIC, CICC, Gaitame, GMO Click, Maybank, Cortal Consors, and the Jakarta Futures Exchange (JFX) became FXCM clients.
Mike also led FXCM’s mergers and acquisitions and venture capital initiatives while serving on several executive committees. In 2017, he co-launched a CFD business, becoming one of the industry’s early market makers.
Old Pond takes its name from one of Japan’s most celebrated haiku, a moment of perfect stillness interrupted by a single deliberate action.
That idea reflects how we approach markets. Precision over noise. Discipline over distraction. Thoughtful execution over unnecessary complexity.
