Leverate, a
technology solutions provider for brokers, is expanding its global presence
with the addition of new sales executives in
Dubai and Latin America. The company’s growth initiative follows a
significant uptick in sales and market expansion, particularly in Asia and LATAM.
Leverate Expands Global
Footprint amid 70% Sales Surge
The firm
has experienced a 70% increase in sales since the beginning of the year,
primarily attributed to the launch of its new product tailored for proprietary
trading (prop) firms. This surge in demand has prompted Leverate to strengthen
its team and establish new offices in those key markets.
“These
two markets are very important to us, and we are committed to establishing and
expanding our presence to support local customers,” Shmulik Kordova, Chief
Commercial Officer of Leverate, commented.
Leverate
decided to join the prop trading game at the beginning of March when the
company presented its white-label solution for firms interested in entering
this rapidly growing space. The Israel-based company created a tool that
includes a trading platform, client portal, challenges dashboard, CRM, back
office, risk management, and liquidity integration.
“The
increase in sales follows the launch of our new white label solution for prop
firms, which has seen growing demand. We are solidifying our position as a
major supplier in the prop industry, thanks in part to our highly attractive
fixed pricing,” Kordova added.
Next, in
April, Leverate introduced updates to its flagship trading platform, adding
enhancements specific to the prop trading industry. This provided prop trading
firms with access to real-time market data, sophisticated charting tools, and
customizable analytics.
Leverate’s
prop trading offerings have recently been utilized by YourPropFirm.
Additionally, an increasing number of traditional FX/CFD brokers are joining
this space. The latest example is the move by the broker ThinkMarkers, which
launched its own prop trading brand, ThinkCapital.
The shift
towards new markets came after Leverate relinquished its long-held Cyprus license, which was issued by CySEC.
This article was written by Damian Chmiel at www.financemagnates.com.
Source link
