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

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<