FINVASIA acquires ActTrader to develop solutions: blockchain, AI, liquidity, risk, social trading

Rick Steves

The company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world.

TradingView extends charting to India securities data

FINVASIA has acquired ActTrader Technologies as the group continues to add companies to its trading industry specialized roster.

ActTrader is a long-established fintech firm, having built one of the first online retail forex trading applications back in 2000 and having pioneered with a WAP-based mobile trading app in 2004.

The company, which was founded in the United States in 2000, keeps growing as it develops disruptive multi-asset financial technology products that are used by over 2 million retail traders in over 100 countries.

The company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world.

Sarvjeet Singh, Managing Director of FINVASIA Group, said: “FINVASIA believes in the democratization of the financial system and believes that technology can lead this change.

“Uniting our companies will allow us to drive new innovations and create fintech solutions that not only address today’s requirements but are also flexible enough to meet tomorrow’s technological advances.”

FINVASIA owns multiple brands in the financial services, fintech, blockchain and technology sectors. The multinational company has recently acquired Fxview, which services clients in over 25 countries and is registered with over 6 different regulatory bodies across Europe.

The broker, which has hosted over 2 million unique users on its website and is gaining popularity swiftly across the EU, Asia, LATAM, and Africa, had its SVG-based entity sign up with the self-regulatory organization Financial Commission for external dispute resolution services.

FINVASIA is a pioneer in the commission free investment ecosystem, which ultimately forced established brokers to offer commission free trading services.

The acquisition will help to pursue the development of blockchain and AI-based trading applications, a unique social trading platform, robust risk management and liquidity management solutions, variety of plug-ins and business intelligence tools that will challenge industry standards and extend the frontier of Fintech industry.

Ilya Sorokin, Chief Executive Officer of ActTrader, will remain as such as the firm becomes a subsidiary under the FINVASIA Group. All current management and associates also remain in place.

Ilya Sorokin, Founder and CEO of ActTrader Technologies, stated: ” This acquisition broadens our footprint and strengthens our ability to serve new clients, well and long into the future. As we continue to grow and expand, the ability to provide our clients with innovative next-gen financial technology products is a significant step in our journey.”

ActTrader’s broad portfolio of end-to-end trading technology products has helped FX Brokers, ECN Venues and financial institutions transform their trading operations.

FINVASIA is registered with a gamut of regulatory bodies across the world in various capacities. Finvasia (along with its subsidiaries and sister concerns) is registered with SEC, USA (152771), CYSEC, Cyprus (367/18), FCA, UK (850138), BaFin, Germany (157125), ACPR, France (85051), CONSOB, Italy (5151), CNVM, Spain (4892), Finanstilsynet, Norway (FT00118545), as well as India.

  • Read this next

    Inside View

    Scalping or day trading?

    Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what scalping and day trading are and their differences and peculiarities. Ultimately, you will learn what to look for to understand which trading style is right for you.

    Crypto Insider

    Unveiling Plasma Next: INTMAX’s Solution to Scale Ethereum with Stateless Layer

     INTMAX has launched Plasma Next on the mainnet α, a groundbreaking Layer 2 zkRollup, revealed by co-founder Leona Hioki at ETH Denver. This innovation offers scalability with constant costs per block, merging Plasma’s scalability goals with zkRollups’ security.

    Fintech

    Nuam selects Vermiculus for clearing system in Chile, Colombia, and Peru

    “We are proud to deliver a system that plays an integral role in the core of this historical merger, empowering one of Latin America’s most crucial markets with VeriClear’s state-of-the-art technology, together with our deep market expertise.”

    Retail FX

    Moomoo launches super app in Malaysia

    “As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.”

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.

    Web3

    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    <