TradeZero names CFO as broker goes public via SPAC

Rick Steves

Since 2015, Joshua Choi has been a Director at Fortress Investment Group, where he worked with the strategic capital team investing in fintech, depositories, specialty finance, and brokerage companies.

Fed’s Brainard cautious over boom of blockchain technology

TradeZero has appointed Joshua Choi as Chief Financial Officer as the online trading platform transitions to a public company.

The appointment is part of TradeZero’s plans to expand its C-suite as it transitions to a public company via SPAC.

TradeZero has recently signed a definitive agreement on Oct. 12, 2021 with Dune Acquisition Corporation, a special purpose acquisition corporation, which would result in TradeZero becoming a publicly-traded company under the name “TradeZero Global Inc.”

The broker-dealer caters to active retail traders looking for commission-free stock trading and direct market center access to U.S equities and equity options trading.

Tradezero serves international clients since 2015 through its Bahamas-based entity and serves U.S. clients via TradeZero America, Inc., which is a member of NYSE, NYSE Arca, NYSE American, Nasdaq, Nasdaq BX, and Cboe.

Since 2015, Joshua Choi has been a Director at Fortress Investment Group, where he worked with the strategic capital team investing in fintech, depositories, specialty finance, and brokerage companies.

From 2013-2015, he was with the private equity team at Morgan Stanley Infrastructure Partners. From 2008-2011 he was with the private equity firm JC Flowers & Co., where he invested in distressed banks and brokerage companies.

Prior to that, he was an investment banker with JP Morgan and HSBC. In addition, he has served on several corporate boards working with company management as both an investor and an advisor.

Dan Pipitone, CEO and co-founder of TradeZero, commented: “We welcome Josh to the team. His expertise in financial services, capital markets, and governance fits perfectly with our plans for growth.”

Joshua Choi, Chief Financial Officer at TraderZero, said: “The TradeZero family culture and pursuit of excellence for its customers are core to this Company, and I look forward to serving the organization to continue its growth aspirations,” said Mr. Choi.

In October, Finance Feeds reported the plan to go public via a $556 million SPAC merger as the latest example of online trading brokers catching the boom of special purpose acquisition companies.

The most notable example was eToro and US SPAC Fintech Acquisition in a deal that values the social investment platform at a massive $10.4 billion.

TradeZero America reported a massive spike in new account openings since the frenzied share dealing in GameStop and other firms emerged, fuelled by Reddit chat boards.

Earlier this year, the company said its new account applications surged by more than 200 times compared with the same period in 2020.

TradeZero attributed that to a huge interest in unrestricted access as investors look to pick up stocks that have been the focus of a trading war between amateur investors and Wall Street pros.

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading


DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.