Eurotrader taps MahiMarkets’ cross-asset trading technology for pricing and risk management

Rick Steves

Eurotrader has tapped MahiMarkets’ cross-asset trading technology to manage its pricing and risk management on its fully licensed and regulated retail brokerage operation covering forex, stocks, indices, and commodities. 

The multi-asset brokerage firm founded by Ozan Ozerk in 2018 holds licences from Cyprus Securities and Exchange Commission (CySEC, license 279/15), Financial Sector Conduct Authority (FSCA) in South Africa (license number FSP 44351) and Financial Conduct Authority (FCA, license number 777162) in the United Kingdom.

Following the partnership deal signed this month, MahiMarkets’ cross-asset trading technology will soon work to provide improved pricing and risk management services to Eurotrader, which plans to expand its business further by acquiring more regulatory licenses.

Pricing and risk management are vital for brokers

Ozan Ozerk, founder at Eurotrader, said: “Both pricing and risk management are vital concepts for companies providing brokerage services and their clients. Our partnership with MahiMarkets is yet another firm step towards Eurotrader’s expansion goals. Further partnerships and license acquisitions will highlight Eurotrader’s perseverance for growth.”

Marcelo Spina, Chief Executive Officer at Eurotrader, said: “We are very excited to work with the MahiMarkets team to improve our pricing and risk management. We believe this partnership will help us continue providing our clients with superior pricing and execution as we expand our product mix and distribution.”

Susan Cooney, Co-Founder and Co-CEO of MahiMarkets, stated: “Accurate, predictive pricing, efficient hedging and granular level counterparty management is key to ensuring a successful trading business; we are delighted Eurotrader has selected our technology and we very much look forward to assisting them on their journey to expansion.”

MahiMarkets’ technology helps increase trading efficiency with bespoke software and personalised consultancy services. Through advanced signalling and algorithmic techniques, Mahimarkets’ products enable users to lower costs, manage risk, increase profit and better protect their business.

Eurotrader entered UK with acquisition of FCA-regulated broker

Last month, the brokerage group entered into the UK market with the acquisition of a FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity now operates under the brand name Eurotrade Capital Ltd.

Petra Asset Management was authorized to deal in margined products such as CFDs, but its services are primarily targeted at high net worth and financially experienced investors. However, the company is not authorized to deal for own account, hold client funds or underwrite issues of financial instruments on a firm commitment basis.

Founded in 2018, Eurotrader is a forex brokerage firm owned by Eurotrade Investments RGB Ltd., which is headquartered in Limassol, Cyprus, and licensed to provide online trading products and services.

Part of a rebranding process, the company acquired new domains: eurotrader.com, and eurotrader.eu for the CySEC-regulated entity. Furthermore, the broker has recently lured many industry veterans to expand its senior leadership team.

Eurotrader Group made a series of changes to its management structure, culminating in the appointment of industry veteran Marcelo Spina as its Chief Executive Officer (CEO). Spina brings over two decades of experience in the financial service industry, having worked with an array of investment firms across his lengthy career that dates back to 1995.

Other key appointments include Jack Beezer as Chief Product Officer and Ben Swann as Chief Technology Officer.

Read this next

Retail FX

From Backtesting to Arbitrage: Practical Applications of AI in the World of Retail Trading

In this article, the industry leaders delve into the transformative role of AI in trading.

Digital Assets

FTX claim value soars to 92%, creditor sued for reneging on $58M deal

Attestor Capital, a London-based investment firm holding significant FTX bankruptcy claims, has initiated legal action against a Panamanian company called Lemma Technologies.

Digital Assets

OKX to remove Tether trading pairs ahead of MiCA

OKX, the world’s fourth-largest cryptocurrency exchange by trading volume, is discontinuing support for tether (USDT) trading pairs in the European Economic Area (EEA).

Digital Assets

Changpeng Zhao is back with new project post-Binance era

Changpeng Zhao, the founder and former CEO of Binance, hinted at a new educational project on Monday.

Digital Assets

IcomTech owners convicted in crypto Ponzi scheme

A New York jury has found David Brend and Gustavo Rodriguez, former promoters of the crypto mining and trading company IcomTech, guilty of wire fraud conspiracy.

Fundamental Analysis

Global FX Market Summary: USD, Gold, FOMC, March 18th ,2024

Central banks take center stage this week with the FOMC meeting being the most anticipated as its decisions could impact currencies and gold prices.

Technical Analysis

EURUSD Technical Analysis Report 18 March, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0850 (former minor resistance from the end of February).

Executive Moves

NAGA founder Ben Bilski steps down following Capex.com acquisition

Ben Bilski, German tech entrepreneur and founder of NAGA Group, has parted ways with the company, stepping down from his executive role as Chief Information Officer.

Fintech

Barchart integrates Bid, Offer, and Hedge management into cmdtyView

Streamlining operations for commodity merchandisers, traders, brokers, and analysts, the integrated Bid, Offer, and Hedge management within cmdtyView, Barchart further positions its trading platform as a central hub.

<