Singapore Exchange’s Former Vice President joins Broctagon as Head of Asia FX Liquidity

Mar 24, 2021

Broctagon Fintech Group is proud to announce that Cecilia Chan, a sell-side veteran with two decades of experience, has joined us as Executive Director. This appointment comes shortly after Broctagon officially obtained a new Money Broking Licence from the Labuan International Business and Financial Centre.

Cecilia comes from a 20-year career in leading financial institutions across Asia. She was the head of dealing for Phillip Futures followed by Maybank in Malaysia before moving on to be the Vice President of Membership & International Coverage at the Singapore Exchange and most recently as Senior Manager of Exchange & Regulatory Relations at Hang Seng Indexes, based in Hong Kong. Her operational experience spans from establishing dealing desks to developing exchange traded index products and achieving compliance with Asian, EU and US regulators.

Cecilia will head the team at Broctagon Prime Markets Limited, the group’s newly established Asian liquidity division with the primary objective of establishing bank-grade FX liquidity that is tailored for the Asian market. The firm will offer multi-asset opportunities such as CFDs, commodities as well as digital assets.

Cecilia Chan, Executive Director of Broctagon Prime Markets, said: “The past few years has seen a huge shift to electronic trading, and It has become evident that technology shapes the success of a broker. I wanted to be at the forefront of that shift and that’s what compelled me to relocate to join Broctagon in its Singapore HQ. The company is well-positioned to play a big part in guiding the Asia broking community through this ongoing transition. As a provider of both prime of prime liquidity and turnkey brokerage technologies, our ambition is to empower brokers holistically. I believe, my experience from both buy-side and sell-side provides comprehensive understanding not only on how brokerages are run, but also their pain points and the kind of resources they need, which Broctagon Prime Markets will be poised to provide.”

She adds:

“We are confident the broking community will be further boosted by our joint capabilities across FX and digital assets. Five years ago, traditional institutions showed no interest in digital assets, but right now, digital assets are drawing a lot of attention and traditional brokers are increasingly exploring how to integrate these assets into their offerings. I expect this trend to benefit Broctagon’s direction, considering we have specific solutions for both these markets, coupled with our understanding of the nuances of trading systems across each asset.”

Don Guo, CEO of Broctagon, said: “Having Cecilia on board is pivotal to our strategic vision. Her financial expertise coupled with our proprietary NEXUS 2.0 aggregator technology is a winning combination. With the demand for trading in the Asian markets growing rapidly, we see Labuan as a growing financial hub. In contrast to the many liquidity providers operating in the region which are European-focused, Broctagon Prime Markets has its core capabilities built to serve the APAC region. We are headquartered in Asia, the majority of our team is based in Asia, our background is in the Asian markets and Cecilia brings to the table proven local proficiencies spanning multiple Asian jurisdictions that can truly benefit the clients we serve.”