Leverate

Last updated
Leverate
Industry Software as a Service
Founded2008
FoundersRan Strauss, Doron Cohen, Itai Damti, Doron Somech
Headquarters
Bnei Brak   OOjs UI icon edit-ltr-progressive.svg
,
Israel  OOjs UI icon edit-ltr-progressive.svg
Key people
Ran Strauss, CEO
Doron Cohen, Chairman of the Board
ProductsLXSuite, LXFeed, LXRisk, LXCRM, Sirix, LXLite
Website www.leverate.com

Leverate is a software as a service provider for foreign exchange brokers. It provides both electronic trading platforms and back-office software to manage a company's operations through its various subsidiaries. It has offices in Cyprus, Hong Kong, Israel, Ukraine, China, Poland, Bulgaria and Germany. [1] [2]

Contents

History

Leverate was founded in 2008 by, Doron Cohen, Itai Damti, and Doron Somech who had worked together on the project since 2006. [3] The original idea was to create a trading algorithm for the purpose of buying and selling that was completely automated. It took two years to build the platform and the company was launched officially in 2008. Leverate received its first angel investment in 2008 from Jacques Beer, owner and chief executive officer of Tempo Beverages Ltd. The company saw a limit to the use of the algorithm and instead turned it into a price feed for brokers that helped reduce losses incurred by latency. [4]

Leverate discontinued the use of its algorithm in 2008 and began to market products to brokers. [4] One of the features of the algorithm was a product feed that was described as "fast" and "accurate." The company began using the feed to help brokers who had a lack of knowledge of market conditions. The feed became Leverate's initial product offering, referred to as LXFeed. Leverate moved from algorithm trading into the SaaS market with the product launch, leading to the development of additional products that include risk management tools and mobile trading platforms.[ citation needed ]

Leverate expanded its operations in 2011 by adding 20 employees to its staff of 50. [5] The company was able to do so after selling a 25% stake to Saxo Bank for $12.5 million (USD). [5] [6] It also expanded its presence by opening a financial services branch in Hong Kong in 2012 [7] and an office in Ukraine in 2013. [8] Leverate entered into an agreement with Saxo Bank in 2014 to buy back that company's 25% stake in the company. [9] In November 2017, Leverate launched Cyprus-based regulatory consulting and services operation Regyoul8, The Financial Certification Services, The Edu8, and the new generation trading platforms.[ citation needed ]

Products

Leverate's first product was its LXFeed which launched in 2008. It released a risk management system in 2009. The same year, it began to bundle its products and release them under the name LXSuite while also allowing companies to purchase stand alone products. [10] In 2010, it launched a platform called LXAPI which allowed users the ability to customize platforms. It also released LXCRM as a customer management tool for brokers. Digital currencies such as Bitcoin and Litecoin were added to its LXFeed in 2014. [11]

Leverate ventured into the social trading marketing by launching Sirix Social Community and The New Generation Activ8. The community allows members to view and copy other trader's portfolios, creating transparency in currency pairs, as well as integrating with MetaTrader 4. [12]

See also

Related Research Articles

<span class="mw-page-title-main">Saxo Bank</span> Danish investment bank

Saxo Bank is a Danish investment bank specializing in online trading and investment. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais, and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platforms in Forex, stocks, CFDs, futures, funds, bonds, and futures spreads. The company functions as an online broker with a bank license, without offering traditional banking products. According to Saxo, roughly half of its activities are derived from partnerships with institutional trading partners. More than 100 financial institutions globally service their end clients with Saxo Bank's platforms on a white-label basis

Day trading software is computer software intended to facilitate day trading of stocks or other financial instruments.

Retail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. As of 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market.

<span class="mw-page-title-main">Electronic trading platform</span> Software for trading financial products

In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone.

<span class="mw-page-title-main">CMC Markets</span> British foreign exchange company

CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Matchbook FX</span>

Matchbook FX was an internet-based electronic communication network for trading currency online in the Spot-FX or foreign exchange market. It operated between 1999 and 2002.

ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform. The platform allows users to copy other traders in the forex. As of 2014 ZuluTrade had around one million users and an executed trading volume of over $800 billion.

<span class="mw-page-title-main">MetaTrader 4</span> Electronic trading software

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker's customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.

OvalX is a British financial services product providing financial derivatives trading such as contracts for difference (CFDs) and financial spread betting and, As of 2020, corporate brokerage services.

MRC Markets is an Austrian financial brokerage firm offering on-line trading in Forex and contracts for difference. It has membership of the Vienna Stock exchange and licensed in Russia and Lithuania. It has offices in Russia, the UK and India.

Mirror trading is a trading selection methodology that can be carried out in both the foreign exchange and the stock markets; however, this is much more common in trading in the foreign exchange market.

<span class="mw-page-title-main">CitiFX Pro</span> Online foreign exchange market trading platform

CitiFX Pro was Citigroup's online foreign exchange market trading platform for retail and small institutional traders including commodity trading advisors, broker-dealers, money managers, and hedge funds. CitiFX Pro provided the service from 2009 until it discontinued offering services to clients in June 2015 and sold all U.S. accounts to FXCM, and international accounts to Saxo Bank.

Hirose Financial UK is a UK-based retail foreign exchange broker that provides foreign exchange trading on margin through its own online trading platform called LION Trader and through MetaTrader 4. It is a subsidiary of Japanese foreign exchange company Hirose Financial that provides online trading services.

<span class="mw-page-title-main">FXOpen</span>

FXOpen is a retail and institutional forex broker offering online trading services via MetaTrader 4, MetaTrader 5 and TickTrader trading platforms. It provides access to the electronic communication network (ECN) to trade currency, commodity, indices and stock CFDs. FXOpen companies operate in Australia, Saint Kitts and Nevis, the United Kingdom and Cyprus and have representatives in a number of other countries.

ActivTrades is a UK-based brokerage firm providing an electronic trading platform to trade Forex, Contracts for Difference (CFDs), and spread betting. It provides services to retail and institutional traders via the electronic trading platforms ActivTrader, MetaTrader 4, MetaTrader 5 and TradingView.

<span class="mw-page-title-main">Interactive Brokers</span> American financial services firm

Interactive Brokers, Inc. (IB), headquartered in Greenwich, Connecticut, is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades - in 2023, it processed an average of 3 million trades per trading day. The company brokers stocks, options, futures contracts, EFPs, futures options, forex, bonds, mutual funds, and cryptocurrency. It offers omnibus and non-disclosed broker accounts and provides clearing services to 200 introducing brokers worldwide. It has operations in 34 countries and 27 currencies and has 2.6 million institutional and individual brokerage customers, with total customer equity of $426 billion as of December 31, 2023.

<span class="mw-page-title-main">Integral Forex</span> Turkish-based online brokerage and branch of Integral Securities

Integral Forex, a branch of Integral Securities, is a Turkey-based financial trading services provider specialized in foreign exchange (forex) and contract for difference (CFD) brokerage.

FIBO Group is an international financial holding company established in 1998 that provides online trading services (brokerage) mainly on foreign exchange market (Forex). It also offers an electronic trading platform for the purchase and sale of financial securities, CFDs, commodities and cryptocurrencies.

Airwallex is a multinational financial technology company offering financial services and software as a service (SaaS). Founded in 2015 in Melbourne, Australia and currently based in Singapore, the company is a financial technology platform providing cross-border payments and financial services to businesses through a proprietary banking network and its API. It also provides services and products such as business accounts, expense cards, and payroll, among others. It was Australia's third technology unicorn company overall. With a valuation of US$5.5 billion, as of 2022, the company processed $50 billion in annualized transactions.

International Capital Markets is an Australian forex and CFD broker launched in 2007. It is currently headquartered in Sydney, Australia. It currently sponsors several football clubs such as Bayer Leverkusen and other teams from Bundesliga and La Liga.

References

  1. ↑ "Israeli Fintech Company Sets Up Asian Headquarters in Hong Kong" (PDF). Archived from the original (PDF) on 2022-08-25.
  2. ↑ "Israeli Fintech Company Sets Up Asian Headquarters in Hong Kong". InvestHK - Government Department of Foreign Direct Investment. 2019-06-26. Retrieved 2022-08-25.
  3. ↑ Jandova, Zuzana. "Interview with dave, the CEO at Leverate".{{cite web}}: Missing or empty |url= (help)
  4. 1 2 Gilad, Assaf (5 May 2010). "החברה שמחזיקה בשני צדי המטבע (The company owns two sides of the coin)" (in Hebrew). Calcalist. Retrieved 10 March 2015.
  5. 1 2 Shelah, Shmulik (28 July 2011). "Leverate has 50 employees and wants to hire 20 more, mostly software engineers". Globes. Retrieved 4 March 2015.
  6. ↑ Gilad, Assaf (28 July 2011). "Saxo Investment Bank buys 25% of Leverate". Ynet News. Retrieved 4 March 2015.
  7. ↑ "Israeli Fintech Company Sets Up Asian Headquarters in Hong Kong". InvestHK. Retrieved 4 March 2015.
  8. ↑ "חברת לברייט שכרה משרדים במגדל צ'מפיון ב-80 שקל למ"ר" (in Hebrew). Globes. 23 October 2013. Retrieved 10 March 2015.
  9. ↑ Golovtchenko, Victor (24 December 2014). "Leverate Founders Buy Back 25% of Shares from Saxo Bank". Forex Magnates. Retrieved 4 March 2015.
  10. ↑ Greenberg, Michael (22 April 2012). "Leverate Launches LXRisk: a Cutting-Edge Risk Management Software Platform". Forex Magnates. Retrieved 4 March 2015.
  11. ↑ Finberg, Ron (16 December 2013). "Breaking: Leverate Adding Bitcoin and Litecoin Feeds, STP Coming Soon". DC Magnates. Archived from the original on 10 March 2015. Retrieved 4 March 2015.
  12. ↑ Patterson, Sarah (10 May 2012). "Will Leverate's Sirix Trader Rock Social Forex Trading World". Daily Forex. Retrieved 4 March 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.