Takeprofit Tech Promotes Valerie Styazhkova as Cyprus Office Head

Fintech provider, Takeprofit Tech, which is based in Russia and Cyprus, announced on Wednesday that it has promoted Valerie Styazhkova to the Head of its Cyprus office.

In the new role, she will be responsible for strengthening the relationship with the company’s current local clients and partners. Further, she will enhance communication with brokers and liquidity providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term that are not the company's clients as of yet.

“I am very pleased with the opportunity to work directly in Cyprus,” Styazhkova said.

Cyprus: Europe's FX Hub

Cyprus is home to many forex and fintech companies that are offering services in the European Economic Area. Takeprofit’s presence in the Mediterranean island is strategic as it will bring it closer to its existing and potential clients.

“Our presence there opens up a number of doors for interaction with the local market, since personal contact helps build closer relations, it’s always more effective and better than remote interaction. This will also be of great significance for our clients and partners, since this will allow us to collaborate more actively and solve their business problems faster,” Styazhkova said.

She has been placed in the key position despite having a short career in the industry. She joined Takeprofit in August 2019 as a Senior Account Manager and then was promoted to Product Manager. Then, she worked in developing Takeprofit Tech’s principal liquidity aggregation solution, Takeprofit Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Hub. She will continue working with the Russian development team on the liquidity hub, the company confirmed.

Before Takeprofit, Styazhkova had a short stint at NSYS GROUP as a Sales Manager.

Meanwhile, Tradeprofit Tech is expanding its industry presence by inking deals with others. Most recently it partnered with Turkish FX broker, Arab Capital Markets.