The Director of Business Development for Bforex, Ltd., Pablo Soria de la Chica oversees a global trading operation focused on the foreign exchange market. As a principal of the organization, he directs daily business functions for the firm’s foreign exchange trading operations. Pablo Soria de la Chica also leads many of the firm’s long-term growth initiatives, including hiring, expansion into new territories, and new technology.
Foreign exchange trading, known in the financial industry as Forex, allows participants to hedge investments based on the performance of world currencies. Because of its liquidity, the Forex market presents an excellent venue for generating strong returns. The relative rapidity with which currency markets shift, however, makes currency trading a potentially overwhelming endeavor for new participants and day traders. The award-winning technology developed by Pablo Soria de la Chica and the team at Bforex brings real-time clarity to the movements of the Forex market.
Until recent years, Forex transactions consisted primarily of inter-bank trades and deals by multinational corporations valued at more than $100,000. Over the last decade, Internet trading has made it possible for retail traders to access the high-yield Forex market. While some start-up dealers in this new online industry created issues, industry leaders like Mr. Soria adopted self-regulatory standards and controls that emphasized trader education and market transparency.