Quadcode, which owns IQ Option and several other brands, has entered the prop trading space by acquiring “a significant strategic stake” in Game 7, the company that runs FPFX, PropAccount.com and BullRush.
Combining Prop Trading and Prediction Markets
Announced today (Monday), the investment will open a partnership between the two companies, accelerating the development of trading environments across prop trading, prediction markets, and daily fantasy sports.
“[The Quadcode] team brings extensive institutional experience and a forward-thinking approach to building technology that engages global retail audiences,” said Justin Hertzberg, CEO of FPFX Technologies and PropAccount.com.
“Together, we believe we can push the boundaries of retail prop trading with new and exciting gamified trading experiences.”
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Buy and Sell
Quadcode owns and operates IQ Option, Amaiz, and Quadcode AI. Earlier this year, it sold QCEX, a CFTC-regulated exchange and clearinghouse, to prediction markets giant Polymarket for $112 million. The acquisition enabled the company to legally enter the US market.
The owner of FPFX, which established its name by offering technology to prop firms, also expanded by acquiring BullRush recently. However, the financial terms of that deal remain confidential.
That acquisition will supposedly allow FPFX’s partners to run customisable competitions and onboarding challenges alongside traditional evaluation and funded account models.
“By partnering with [Game 7], Quadcode will be able to leverage its experience building trading engines and retail-facing platforms to help accelerate growth,” said Sergei Dobrovolskii, CEO of Quadcode.
“We see tremendous opportunity to expand the company’s technological capabilities and extend its reach into new markets, new financial products, and innovative forms of retail trading participation.”
Last year, FPFX opened a new Cyprus office to support its European clients as they expand into prop trading.
