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.

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