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