Eurotrader to use MahiMarkets’ cross-asset trading technology and services
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Eurotrader, a leading multi-asset brokerage company, recently entered into a new partnership with MahiMarkets, formerly MahiFX. The goal of the partnership is for Eurotrader to use MahiMarket’s cross-asset trading technology in order to improve pricing and risk management.
Eurotrader selected MahiMarkets as a partner because its technology tends to bring a number of major benefits to its trading partners. Apart from boosting business protection, it can also increase profits, and simultaneously reduce costs, while also improving trading efficiency overall.
The companies did not reveal too many details as of yet, other than the fact that they teamed up, so details about their future cooperation still remain unknown. The founder of Eurotrader, Dr. Ozan Ozerk, commented on the new development. He said that pricing and risk management are both vital concepts for firms that provide brokerage services, as well as for their clients. This is why Eurotrader’s partnership with MahiMarkets will serve as another important step toward the company’s long-term expansion goals.
He added that the company does not plan to stop here and that additional partnerships and license acquisitions will allow it to reach even further and improve its growth.
Eurotrader and MahiMarkets
Eurotrader is a fairly young company, as it was established in 2018. It operates as a regulated retail broker, focusing primarily on CFDs. So far, it has managed to obtain several licenses, including those issued by the Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), and Cyprus Securities and Exchange Commission (CySEC). The most recent one came from the FCA, which happened only a few weeks prior to the partnership with MahiMarkets.
Furthermore, the company also recently expanded into its new Cyprus offices, according to a press release published on October 25th.
The firm has focused a lot on regulatory expansion in 2022. Apart from that, its efforts also went towards hiring as many industry professionals as it could attract. Between August and December of this year, the company hired four senior executives.
The first one was the former ThinkMarkets executive, Marcelo Spina, who became the Group CEO. Only days after that, the firm hired a new Head of Global Compliance — Martin Couper. Then, in October of this year, Eurotrader also hired its current CTO, Ben Swann. Finally, the newest addition to the team is its acting Chief Product Officer, Jack Beezer. Both Beezer and Swann came from Axi.
MahiMarkets, on the other hand, the company was previously a big player in retail forex, only to begin its transit. The firm even rebranded, going from MahiFX to MahiMarkets, stating that its former name no longer accurately reflected the full scope of its activities and interests. Mahi decided to change its business in 2019, when it sold its retail trading business, and it started creating and providing technology for other market participants.
