Deriv, the online trading company, has made an announcement as it approaches its 25th anniversary. Rakshit Choudhary, previously serving as the Chief Operating Officer, has been promoted to Co-Chief Executive Officer (Co-CEO).

Deriv Embraces Dual Leadership

Jean-Yves Sireau, the Founder and Co-CEO of Deriv, said: “Rakshit is a great leader with a deep understanding of Deriv’s business, so his move to Co-CEO is a natural step forward for us. It is like the synergy you see in pair programming, improved decision-making and better alignment of goals. Deriv turning 25 is a moment for reflection."

"Refreshing our leadership model makes us well-positioned to take on the next phase of Deriv’s business, which is focused on expanding globally and engaging more deeply with diverse markets. This dual leadership approach helps keep Deriv innovative and committed to excellent customer service and strong partnerships.”

Choudhary, who brings over a decade of experience at Deriv, shared his enthusiasm for his new role, highlighting the company's mission to make trading accessible globally while maintaining a focus on innovation, security, and accessibility.

Choudhary shared his thoughts on his new role: “I have been lucky to be part of Deriv’s incredible growth and evolution for the last 14 years, witnessing firsthand its mission to make trading accessible to anyone, anywhere. At the centre of this is a focus on staying innovative, secure, and accessible. I look forward to continuing to grow Deriv’s business globally alongside Jean-Yves, as we take the company into another successful 25 years.”

Deriv Prime Offers Liquidity Solutions

Deriv has launched Deriv Prime, its institutional arm, aimed at providing comprehensive liquidity solutions to tackle liquidity challenges in the financial industry as reported by Finance Magnates. This initiative has reshaped liquidity access and trading dynamics, allowing brokerage firms, corporations, startups, and others to access global liquidity regardless of their scale.

Deriv Prime offers a wide range of assets including Forex, Cryptocurrencies, Commodities, Stocks, Indices, and ETFs, customized to meet the diverse trading needs of brokers and their clients as they expand into new markets.