A new report has confirmed the General Manager of ICMarkets is stepping down. Andrew Taylor is making way for new leadership at another trading brokerage, ACY Securities.

Andrew Taylor, one of the most experienced executive managers in Australia's Retail FX and CFD sector has stepped down from his position at ICMarkets and moved to another ASIC licensed broker, ACY Securities.

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Prior to working at ICMarkets, Taylor was COO of broker Invast (2013-2014) as well as CEO of OneRoyal (from 2014-2021). He has also had careers at GFT Markets, Easy Forex (now easyMarkets), Travelex, Tullett Prebon, and Westpac. After leaving ICMarkets, Taylor will become Managing Director of ACY Securities, a Chinese forex and CFD broker based in Sydney. Andrew Taylor joined ICMarkets for more than 1 year as General Manager, second only to IC Markets founder, controlling shareholder, and longtime shareholder of CEO Andrew Budzinski.

With the company, Taylor managed to bring the company to a $1 trillion monthly trading volume in November last year due to a surge in client trading activity across all asset classes. Trading volume for November surpassed the previous high of $1 trillion hits in March 2021. According to ICMarkets, the record is the result of product diversification, growth into new markets, and optimal trading conditions that allow clients to take advantage of the high volatility in the market.