Deus X Capital launches Brokerage as a Service company Deus X Markets
Ex-IG Head of Platform Innovation Tim Plummer appointed CEO
News 2 min. read
Deus X Capital, the $1 billion digital assets and fintech investor and operator, has today
announced the launch of Deus X Markets, a new company that will form the trading arm of Deus
X Capital.
Deus X Markets is led by CEO Tim Plummer and aims to become a top-20 broker technology
provider by revenue through lowering industry barriers to entry for individuals and businesses
seeking to establish trading brokerages.
Its initial Brokerage as a Service product will deliver core front, middle and back-office
administrative functions enabling clients to focus on business growth and returns. The business
is investing heavily into its data-driven strategy which will provide broker clients with greater
insights into client acquisition and performance strategies.
Plummer brings more than 20 years’ experience in the finance and trading industries. He was
previously Head of Product Strategy at Capital.com and held a number of senior positions at IG,
including Head of Platform Innovation and Head of Integrated Trading Platforms, during eight
years at the business.
“There is a broad failure by broker technology providers to properly support new operators
which means the trading industry remains a closed-door club with high barriers and significant
failure rates for new entrants,” said Tim Plummer, CEO of Deus X Markets. “Our North Star is to
make trading accessible and simple by offering clients fast, reliable set up and administration
infrastructure that lets them focus on growth.”
Tim Grant, CEO of Deus X Capital, has been appointed Chairman of Deus X Markets and
brings a wealth of institutional trading experience from across the Deus X Capital group,
including liquidity provider Alpha Lab 40 and TradeLocker. Deus X Markets will also benefit from
partnering with businesses from across the Deus X Capital Group, including payments business
Deus X Pay and digital assets lender Cor Prime.
Grant, Chairman Deus X Markets and CEO of Deus X Capital, said: “We are committed to
creating a better, fairer financial system by investing in and operating companies that are
challenging the status quo in established industries. This new company will breathe new life into
a stagnant trading industry that has been resisting change for decades.”
Deus X Markets has a global presence.
announced the launch of Deus X Markets, a new company that will form the trading arm of Deus
X Capital.
Deus X Markets is led by CEO Tim Plummer and aims to become a top-20 broker technology
provider by revenue through lowering industry barriers to entry for individuals and businesses
seeking to establish trading brokerages.
Its initial Brokerage as a Service product will deliver core front, middle and back-office
administrative functions enabling clients to focus on business growth and returns. The business
is investing heavily into its data-driven strategy which will provide broker clients with greater
insights into client acquisition and performance strategies.
Plummer brings more than 20 years’ experience in the finance and trading industries. He was
previously Head of Product Strategy at Capital.com and held a number of senior positions at IG,
including Head of Platform Innovation and Head of Integrated Trading Platforms, during eight
years at the business.
“There is a broad failure by broker technology providers to properly support new operators
which means the trading industry remains a closed-door club with high barriers and significant
failure rates for new entrants,” said Tim Plummer, CEO of Deus X Markets. “Our North Star is to
make trading accessible and simple by offering clients fast, reliable set up and administration
infrastructure that lets them focus on growth.”
Tim Grant, CEO of Deus X Capital, has been appointed Chairman of Deus X Markets and
brings a wealth of institutional trading experience from across the Deus X Capital group,
including liquidity provider Alpha Lab 40 and TradeLocker. Deus X Markets will also benefit from
partnering with businesses from across the Deus X Capital Group, including payments business
Deus X Pay and digital assets lender Cor Prime.
Grant, Chairman Deus X Markets and CEO of Deus X Capital, said: “We are committed to
creating a better, fairer financial system by investing in and operating companies that are
challenging the status quo in established industries. This new company will breathe new life into
a stagnant trading industry that has been resisting change for decades.”
Deus X Markets has a global presence.
