Trade Capital, the Cyprus-based group with Israeli capital TCH, bought last March the 65% controlling stake of Activotrade held by Raza Pérez, founder and head of the Barcelona broker, El Espanol reported.
Pérez, who founded Activotrade in 2010, will leave the firm and embark on new projects. The remaining 35% of the shareholding remains in the hands of the Portuguese Ricardo Ferreira, a former executive and member of the board of the investment firm.
The current board of directors of Activotrade is made up of Roei Gavish on behalf of the parent company TCH, a group of which he is its CEO and CEO, Ángel Yepes, commercial manager of the Spanish broker, Ricardo Ferreira, and the new Activotrade Chairman and CEO, Guillermo Galey.
Mr. Galey joins Activotrade from Rentamarkets, where he held the position of Head of Business Development and Digital Strategy. Prior to that, he spent 12 years at Saxo Bank, having led the Spanish operation for nearly seven years.
For the past 20 years, Mr. Galey has been establishing and developing retail and institutional business in Iberia and Latin America.
Trade.com, the flagship platform of the TCH Group, is already regulated in the UK, Cyprus, South Africa, and, now, Spain with the purchase of Activotrade, a leading trading platform for stocks, futures, options, CFDs, and other financial derivatives.
Its CFD offering comprises more than 2,100 instruments and its DMA offering, which has seen an increase in demand within the industry, includes over 100,000 assets on 120 markets. The firm also facilitates access to ETFs and IPOs, as well as asset management.
Trade.com is one of the several trading firms enjoying the benefits of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation in the wake of Brexit.
