The company opens a new innovation hub in Nicosia to strengthen its European presence and drive fintech innovation.
The expansion aims to attract top talent in trading and technology, focusing on AI and advanced trading solutions.
Deriv opens new office in Nicosia, Cyprus
Online
FX and contracts for difference (CFDs) broker Deriv has unveiled plans for a second office in Cyprus, Finance
Magnates has learned. The new facility, set to open in mid-December, will
be located on the 12th floor of the Asteroid building in Nicosia, the island
nation's capital.
Deriv Expands European
Presence with New Office in Cyprus Capital
This move
comes as Deriv, with
25 years of industry experience and a global presence in 20 locations,
seeks to strengthen its position in the Old Continent. The company, already established
in Limassol, views Cyprus as a crucial hub for the online trading industry.
Rakshit Choudhary, Source: LinkedIn
“Cyprus is
pivotal to the online trading industry. Nicosia is a good choice due to its
solid reputation as a thriving hub for research and tech,” said Rakshit
Choudhary, Co-CEO of Deriv.
“Our investment here not only strengthens our operational framework but also
allows us to tap into the vibrant ecosystem that Cyprus has cultivated.”
According
to the press release exclusively seen by Finance Magnates, the Nicosia
office will function as a technology development center, with plans to work on
artificial intelligence, data analytics, and programming solutions. The
facility marks an expansion of Deriv's technical operations in the region. The
new office includes collaborative spaces, workstations, and meeting rooms.
Andreas Potamitis, Head of Nicosia Office
“This
expansion seeks to attract forward-seeking minds who are not only looking for
career opportunities but to accelerate their professional growth through the
dynamic roles,” said Andreas Potamitis, Head of the Nicosia Office. “Deriv offers
extensive opportunities for professionals to work on AI-powered trading
solutions, advanced platforms and sophisticated projects, all without the need
for lengthy commutes.”
Deriv Is Hiring
Deriv is
currently hiring for several positions, including Trading Analysts, DevOps and
WinOps Engineers, and Low Code/No Code Developers. The company has received a
Platinum accreditation from Investors in People, an organization that evaluates
workplace practices and culture.
As part of
its recruitment efforts, the company participated in the IMH Career Fair in
mid-December 2024. The event provided an opportunity for professionals to learn
about job openings and the company's plans.
The Cyprus
expansion is part of Deriv's strategy to access local talent and expand its
European presence. Deriv reports serving over 2.5 million traders globally,
offering various trade types across more than 200 assets on its trading
platforms.
A few weeks
ago, the FX and CFDs broker enhanced its trading tools by
introducing “Tactical Indices,” designed to eliminate the need for manual
rebalancing.
Online
FX and contracts for difference (CFDs) broker Deriv has unveiled plans for a second office in Cyprus, Finance
Magnates has learned. The new facility, set to open in mid-December, will
be located on the 12th floor of the Asteroid building in Nicosia, the island
nation's capital.
Deriv Expands European
Presence with New Office in Cyprus Capital
This move
comes as Deriv, with
25 years of industry experience and a global presence in 20 locations,
seeks to strengthen its position in the Old Continent. The company, already established
in Limassol, views Cyprus as a crucial hub for the online trading industry.
Rakshit Choudhary, Source: LinkedIn
“Cyprus is
pivotal to the online trading industry. Nicosia is a good choice due to its
solid reputation as a thriving hub for research and tech,” said Rakshit
Choudhary, Co-CEO of Deriv.
“Our investment here not only strengthens our operational framework but also
allows us to tap into the vibrant ecosystem that Cyprus has cultivated.”
According
to the press release exclusively seen by Finance Magnates, the Nicosia
office will function as a technology development center, with plans to work on
artificial intelligence, data analytics, and programming solutions. The
facility marks an expansion of Deriv's technical operations in the region. The
new office includes collaborative spaces, workstations, and meeting rooms.
Andreas Potamitis, Head of Nicosia Office
“This
expansion seeks to attract forward-seeking minds who are not only looking for
career opportunities but to accelerate their professional growth through the
dynamic roles,” said Andreas Potamitis, Head of the Nicosia Office. “Deriv offers
extensive opportunities for professionals to work on AI-powered trading
solutions, advanced platforms and sophisticated projects, all without the need
for lengthy commutes.”
Deriv Is Hiring
Deriv is
currently hiring for several positions, including Trading Analysts, DevOps and
WinOps Engineers, and Low Code/No Code Developers. The company has received a
Platinum accreditation from Investors in People, an organization that evaluates
workplace practices and culture.
As part of
its recruitment efforts, the company participated in the IMH Career Fair in
mid-December 2024. The event provided an opportunity for professionals to learn
about job openings and the company's plans.
The Cyprus
expansion is part of Deriv's strategy to access local talent and expand its
European presence. Deriv reports serving over 2.5 million traders globally,
offering various trade types across more than 200 assets on its trading
platforms.
A few weeks
ago, the FX and CFDs broker enhanced its trading tools by
introducing “Tactical Indices,” designed to eliminate the need for manual
rebalancing.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
IG Group Expects About £300 Million Revenue in Q1 2026
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
