CFI Financial taps Stelios Thrasyvoulou as chief technology officer

abdelaziz Fathi

CFI Financial Group, a multi-regulated FX and CFDs brokerage firm, has appointed Stelios Thrasyvoulou as the company’s Chief Technology Officer, effective immediately.

Commenting on his new role, Stelios Thrasyvoulou said: “I am pleased to be joining CFI and to be surrounded by such hard working and knowledgeable professionals. CFI has been seeing tremendous growth recently and one of my main objectives is to facilitate this growth by using new and robust technologies while helping the organization build new products and enhancing the existing infrastructure”.

Thrasyvoulou brings 15 years of technology and finance experience to his new role. His direct responsibilities include oversight of CFI’s infrastructure technology and a senior role in vision and strategy. He will work closely with the company’s client base, which includes professional investors, to deliver long-term value on their investments.

Thrasyvoulou joins the Dubai-based broker from TIOmarkets, which acquired Primus Capital Markets to build trading applications in a regulated environment for the blockchain industry.

Prior to this role, Thrasyvoulou served as head of technology and project management at Swiss Markets, which is part of BDSwiss group. Other stops within the FX industry include working in senior technology roles with Henyep Group and IronFX.

Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury commented: “Technology is synonymous with innovation, a company-wide belief that was and is always key for us to maintain our status as pioneers in the financial markets. With Stelios joining the team, we aim to further solidify our status as a fintech focused company. The future is customer-centric as well as tech-centric, so it only makes sense to enhance it by elevating our team further in this key area”.

CFI Financial ramps up crypto offering

“We are in the process of taking our infrastructure to the next level, and to do so, we need to implement the latest technological advances while ensuring efficiency, sustainability, and an error-proof setup that will allow 100% focus on expanding the business. With Stelios as part of the team, I have great faith in his ability to deliver the next-generation of upgrades to an already powerful setup, within a short period, and in a highly accommodating manner,” added CFI Financial’s Group COO Dr. Demetrios Zamboglou.

CFI Financial has recently expanded its contracts-for-difference (CFDs) offering, this time with the addition of 250+ cryptocurrency products on MetaTrader 5.

The range of cryptos offered by CFI not only includes the traditional products found across the industry but also presents its global clients with the opportunity to trade cryptocurrency CFDs paired against Gold and Dow Jones, to name a few.

The introduction of new instruments adds to the broker’s rapidly expanding suite of cryptos, following strong demand from clients over the past few months.


Read this next

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

XTB revenues hits zł1.45 billion in 2022, Q4 earnings disappoint

Poland-based Forex and CFDs broker, XTB has reported its final results for Q4 of 2022 and the full fiscal year ending on December 31, 2022, showing one of its most successful corporate years.

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

Digital Assets

Binance acquires troubled crypto exchange GOPAX

Binance, the world’s largest digital asset trading platform, has reportedly acquired a majority stake in the troubled South Korea-based cryptocurrency exchange GOPAX.

Digital Assets

Kraken exits Middle East, closes UAE office

Digital currency exchange Kraken will close down its operations in Abu Dhabi, UAE and lay off the majority of its team focused on the Middle East and North Africa.

Industry News

CFTC comments on ION Cleared Derivatives issues after Russian-linked hack

“The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data. As this incident unfolded, it became clear that the submission of data that is required by registrants will be delayed until the trading issues are resolved.”

Industry News

FCA took down 14 times more misleading ads in 2022 thanks to technology

The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021.

Executive Moves

HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives

“He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”