Leverate approaches a streamlined future

FinanceFeeds recently learned that changes to the corporate structure at Leverate have been taking place.

Leverate restructure

FinanceFeeds has learned that retail broker solutions and technology provider Leverate is currently undergoing a restructure, such a direction being increasingly common within today’s rapidly evolving financial technology industry.

In order to keep pace with not only technological change, but also to adapt quickly and effectively to the ever changing landscape of the market, the mark of astute leadership is to continue to make the necessary changes to business in order to meet market needs as well as to look after existing and new customers.

Speaking today to Nicc Lewis, VP Marketing at Leverate, FinanceFeeds discussed the current evolution.

Mr. Lewis said “The Retail FX market has seen drastic changes in the past two years and it continues to dramatically evolve.”

“As an innovative technology provider, we need to constantly advance with it and adapt our offerings in order to serve the market better” continued Mr. Lewis.

“A few months ago we began a process of impactful change, which included the introduction of SIRIXActive, and we are continuously enhancing our product line in order to better answer the needs of brokers. As part of the refocus, some restructuring of our operations was needed, and we have shifted several of our employees to different departments and unfortunately have had to let a handful of them go. It is never easy to release employees and we have done our best to go through the process in the most transparent way possible, while at the same time, respecting the privacy of each individual and of the company” continued Mr. Lewis.

At the iFXEXPO Internationl conference in Cyprus this year, Mr. Lewis met with FinanceFeeds and said “The market is maturing.”

“It is becoming more and more competitive, everyone is offering very similar products, some are providing similar offers to their clients, many on the same platform as other firms and it is unsustainable, especially for a smaller broker” he said.

“It has got to the point where brokers need to build their differentiation” explained Mr. Lewis. “Whether it is brand awareness or automation, as we discussed today here at the iFXEXPO, these could be two aspects but just looking at increasing branding, for example, is not the entire solution.”


Read this next

Digital Assets

El Salvador’s Bitcoin wallet hacked by CiberInteligenciaSV

El Salvador’s official Bitcoin wallet, Chivo, has faced another security setback as the hacker group CiberInteligenciaSV released parts of the wallet’s source code on the black hat hacking forum BreachForums.


BlockDAG’s $19.8M Presale & Moon Keynote Teaser Place It Above KANG, SOL, & ARB as the Top Crypto Investment in 2024

Uncover the success behind BlockDAG’s $19.8M presale and learn what’s making it a more compelling investment than KangaMoon, Solana, and Arbitrum.


Revolut taps TikTok exec to drive £300 million ad revenue

Fintech giant Revolut is exploring new revenue streams by planning to share customer data with advertising partners.


Zircuit Staking Soars Past $2B TVL In Only 2 Months

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

Retail FX

PrimeXBT joins Financial Commission’s membership roster

The Financial Commission, an independent external dispute resolution (EDR) body, today announced the addition of cryptocurrency trading firm PrimeXBT as its latest member effective March 6, 2024.

Digital Assets

Ripple wants to reduce SEC’s $2 billion penalty to $10 million

Ripple Labs has responded to the U.S. Securities and Exchange Commission’s (SEC) recent demand for $2 billion in penalties, arguing that the amount should be substantially reduced to $10 million. The legal stance was disclosed in a court document filed late Monday.


Analysts Go Bullish On BlockDAG After Its Surge to $0.005 And Unique Developer Platform That Goes Beyond Ethereum & BONK

Discover how BlockDAG’s unique low-code and no-code platforms offer more adaptability than Ethereum’s bull run and BONK’s fluctuating prices.

Tech and Fundamental, Technical Analysis

WTI crude oil Technical Analysis Report 23 April, 2024

WTI crude oil can be expected to rise further toward the next major resistance level 86.00, which has been reversing the price from October.

Digital Assets

Binance Debuts Spot Copy Trading Feature in Its Expanding Automated Trading Portfolio

Explore Binance’s latest innovation in trading technology with the rollout of Spot Copy Trading, now available within their comprehensive automated trading toolkit.