At Finance Magnates exclusively, we can reveal that FX industry veteran Ilies Larbi, has left FXCM after almost 15 years of service.
Larbi, a well-known and popular figure in the FX industry, has left FXCM to launch Ouinex, an international crypto exchange headquartered in France.
Paris -based Larbi left FXCM most recently holding the role of Head of Global Retail Partnerships over the past half year in a long and well -known career with international brokers.
Since becoming a sales association in 2007, Illes has quickly been promoted to VP of Sales in France. After assignments in Germany and the United Kingdom, Ilies held the role of Managing Director with FXCM in Europe, the Middle East, and Africa.
Finance Magnates got the opportunity to get an exclusive story on Larbi’s departure from FXCM, his thoughts on the crypto industry, and get a little down on Ouinex, an exciting new venture with Larbi, a graduate of McGill University and Wharton University, as co-founder. and CEO.
After almost 15 years and a list of excellent positions with FXCM, you are launching the new global crypto exchange Ouinex. What caused the change and why now?
Like many in the tradFI industry, I have closely monitored the digital assets industry and the evolution of trading products associated with the space. I feel fair that the world of “crypto” has become too big to ignore. We see progress in crypto adoption in an institutional space and a regulatory environment that has become more mature and relatively “stable” in certain countries such as France. We have also noted increased demand from TradeFI-savvy retail audiences for customized solutions that provide more advanced trading functionality. In the past month, I’ve been looking at things from a professional perspective, and I’ve had the opportunity to meet the right people who have the same vision. We have decided to take the leap and start Ouinex.
Can you tell me more about Ouinex? At what stage are you now? and I know you already have some key personnel in place. What else can you reveal about the team and the project?
Ouinex (pronounced ‘win-ex’) is a crypto exchange designed for active traders, whether institutional or retail. We have spent some time filtering concepts and collecting original feedback from surveys conducted on thousands of TradeFI traders. We already know your requests, and, with ease, Ouinex will provide a solution that will answer those requests.
In line with our global ambitions, the Ouinex team includes international members in Latin America, Africa, the United Kingdom, & Europe. They are all senior executives, each with more than 15 years of experience at a Tier 1 Financial Institution, with a proven track record in their expertise. We will release the whitepaper in the future, and more details will be shared.
At this stage, we enter the pre-seed funding round.
In a crowded market. what will make Ouinex stand out from the competition?
Let’s define the market first. Ouinex targets a specific audience. The audience we know very well and with whom we have been providing tradeFI trading services for over ten years now. We have very specific demands from him, and we need to meet those demands in order to help him into the digital asset space. For the area we’re targeting, I don’t think the “market” is crowded. The 4 short bullet points Ouinex will separate itself from the competition by:
– Our proprietary trading platform with advanced trading functions and automation capabilities.
– Price quality and speed of trade execution.
– High touch approach to Client services in a scalable format.
– Security and Regulation.
You have chosen Paris as your headquarters, why Paris and what effect do you think granting a license to Binance would have on your own body and the French crypto scene?
We need a crypto -friendly jurisdiction that not only embraces the digital asset ecosystem, but also encourages it by providing clear regulations and a legal framework where innovation can thrive. France, along with the local regulator AMF, just provided it, and we are grateful. Our country’s choice would have been confirmed by Binance granting a PSAN License, proving France’s position as a European crypto hub. We feel Ouinex is ready to profit from its presence which should have a positive impact on crypto adoption in France.
You said that the focus for Ouinex is on the EU, Africa and Latin American markets – three very different markets, possibly requiring three very different approaches. What are these three areas and what differences do you see in the strategy required?
As a team, we have extensive experience selling tradeFI financial services in these 3 areas, before having successfully conquered this market. Of course to address these areas by using their respective networks. I said before that Ouinex’s differentiator is a high -touch approach to client service. In fact, our goal is to restore human engagement at the core of our services in an industry that has suffered from generally poor client service on board. In France and the EU we will do this through our physical presence. The question then becomes: How do you measure your ability to serve clients in a fraction of a second without using FAQs or chat bots but with real human interaction in areas you are not allowed to physically present. We believe we have a solution for this decentralization, an active merchant community and OUIX utility tokens. We will spread this approach in Africa and Latam in particular.
Lastly, an exciting time for you and the Ouinex project, what should we see from you over the next few months?
He was really fun for Ouinex. We will enter a pre-seed funding period, shortly after which we will announce the ICO for our OUIX tokens. In a few weeks, we will be launching an ICO website that will give you a clearer timeline and full details about Ouinex, the team, and OUIX tokenomics.
.
At Finance Magnates exclusively, we can reveal that FX industry veteran Ilies Larbi, has left FXCM after almost 15 years of service.
Larbi, a well-known and popular figure in the FX industry, has left FXCM to launch Ouinex, an international crypto exchange headquartered in France.
Paris -based Larbi left FXCM most recently holding the role of Head of Global Retail Partnerships over the past half year in a long and well -known career with international brokers.
Since becoming a sales association in 2007, Illes has quickly been promoted to VP of Sales in France. After assignments in Germany and the United Kingdom, Ilies held the role of Managing Director with FXCM in Europe, the Middle East, and Africa.
Finance Magnates got the opportunity to get an exclusive story on Larbi’s departure from FXCM, his thoughts on the crypto industry, and get a little down on Ouinex, an exciting new venture with Larbi, a graduate of McGill University and Wharton University, as co-founder. and CEO.
After almost 15 years and a list of excellent positions with FXCM, you are launching the new global crypto exchange Ouinex. What caused the change and why now?
Like many in the tradFI industry, I have closely monitored the digital assets industry and the evolution of trading products associated with the space. I feel fair that the world of “crypto” has become too big to ignore. We see progress in crypto adoption in an institutional space and a regulatory environment that has become more mature and relatively “stable” in certain countries such as France. We have also noted increased demand from TradeFI-savvy retail audiences for customized solutions that provide more advanced trading functionality. In the past month, I’ve been looking at things from a professional perspective, and I’ve had the opportunity to meet the right people who have the same vision. We have decided to take the leap and start Ouinex.
Can you tell me more about Ouinex? At what stage are you now? and I know you already have some key personnel in place. What else can you reveal about the team and the project?
Ouinex (pronounced ‘win-ex’) is a crypto exchange designed for active traders, whether institutional or retail. We have spent some time filtering concepts and collecting original feedback from surveys conducted on thousands of TradeFI traders. We already know your requests, and, with ease, Ouinex will provide a solution that will answer those requests.
In line with our global ambitions, the Ouinex team includes international members in Latin America, Africa, the United Kingdom, & Europe. They are all senior executives, each with more than 15 years of experience at a Tier 1 Financial Institution, with a proven track record in their expertise. We will release the whitepaper in the future, and more details will be shared.
At this stage, we enter the pre-seed funding round.
In a crowded market. what will make Ouinex stand out from the competition?
Let’s define the market first. Ouinex targets a specific audience. The audience we know very well and with whom we have been providing tradeFI trading services for over ten years now. We have very specific demands from him, and we need to meet those demands in order to help him into the digital asset space. For the area we’re targeting, I don’t think the “market” is crowded. The 4 short bullet points Ouinex will separate itself from the competition by:
– Our proprietary trading platform with advanced trading functions and automation capabilities.
– Price quality and speed of trade execution.
– High touch approach to Client services in a scalable format.
– Security and Regulation.
You have chosen Paris as your headquarters, why Paris and what effect do you think granting a license to Binance would have on your own body and the French crypto scene?
We need a crypto -friendly jurisdiction that not only embraces the digital asset ecosystem, but also encourages it by providing clear regulations and a legal framework where innovation can thrive. France, along with the local regulator AMF, just provided it, and we are grateful. Our country’s choice would have been confirmed by Binance granting a PSAN License, proving France’s position as a European crypto hub. We feel Ouinex is ready to profit from its presence which should have a positive impact on crypto adoption in France.
You said that the focus for Ouinex is on the EU, Africa and Latin American markets – three very different markets, possibly requiring three very different approaches. What are these three areas and what differences do you see in the strategy required?
As a team, we have extensive experience selling tradeFI financial services in these 3 areas, before having successfully conquered this market. Of course to address these areas by using their respective networks. I said before that the Ouinex differentiator is a high -touch approach to client service. In fact, our goal is to restore human involvement at the core of our services in an industry that has suffered from generally poor client service on board. In France and the EU we will do this through our physical presence. The question then becomes: How do you measure your ability to serve clients in a fraction of a second without using FAQs or chat bots but with real human interaction in areas you are not allowed to physically present. We believe we have a solution for this decentralization, an active merchant community and OUIX utility tokens. We will spread this approach in Africa and Latam in particular.
Lastly, an exciting time for you and the Ouinex project, what should we see from you over the next few months?
He’s really fun for Ouinex. We will enter a pre-seed funding period, shortly after which we will announce the ICO for our OUIX tokens. In a few weeks, we will be launching an ICO website that will give you a clearer timeline and full details about Ouinex, the team, and OUIX tokenomics.
.
