Leverate, a provider of technology solutions for foreign exchange and binary options firms, has weathered the Brexit tsunami Friday, having incurred a groundswell of its volumes during the hours immediately following the historic decision and suffering no ill effects of easily the most volatile day of the calendar year to date.
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Leverate provides a variety of services for a global clientele, including risk management and liquidity as part of a comprehensive offering for brokers and financial service providers. While the Brexit decision was a bombshell for financial markets that were seemingly unprepared and not priced into the event, Leverate managed to pass the test with flying colors, with its volumes exceeding 277% its normal figures.
With memories of the Swiss National Bank decision running deep, many brokers and groups largely learned their lesson and were better equipped, or at the very least, aware of the risks heading into last Friday’s vote. While there exists nothing but uncertainty for the UK, Leverate and other groups can breathe a sigh of relief that their systems and operations endured such an event.
Leverate made headlines earlier today after it promoted Sami Mana to the role of general manager following a recent announcement by the company that it had restructured its operations. Sami, who has been with Leverate since 2009, has a holistic understanding of the financial services market gained from hands-on experience in various business units across the company. He was previously Chief of Staff, responsible for the oversight of the company’s direction and action plan implementation, playing a leading role in directing cross-company projects and day-to-day operations.