IMC Trading Appoints Alex Casimo as Crypto Chief Commercial Officer

According to a person with direct knowledge, Alex Casimo started this week in London as IMC Trading expands its institutional crypto business across 50 exchanges with about $3 billion in average daily volume.

Summary

Dutch market maker IMC Trading has hired Alex Casimo as chief commercial officer for its cryptocurrency business, according to a person with direct knowledge of the matter. Casimo started this week in London. The appointment is tied to IMC’s push to expand its institutional crypto operations and deepen relationships with counterparties and crypto foundations. IMC trades on 50 exchanges and reports about $3 billion in average daily crypto volume. Casimo previously founded Portofino Technologies, where he served as chief operating officer, and also worked at Citadel Securities. IMC and Casimo declined to comment.

Terms & Concepts
  • Market maker: A trading firm that continuously posts buy and sell prices to provide liquidity and facilitate trading across markets.
  • Liquidity: The ease with which an asset can be bought or sold without significantly affecting its market price.
  • Algorithmic trading: The use of automated systems and mathematical models to execute trades and manage pricing at speed and scale.