Leverate, a technology solutions provider for the binary options and foreign exchange industry, is increasing its involvement in the Chinese investment market by complementing the FTSE China A50 Index with its new product. It is a tradable, real-time index compromising the biggest 50 A Share firms defined by market capitalization of the financial instruments listed on the Shenzhen and Shanghai stock exchanges.
Last year Leverate reported that it wanted to increase its presence in China by opening an office in Shanghai. Metrics for 2015 published by the technology provider showed strong growth in the Asia-Pacific (APAC) region, up 65% compared to the previous year, accounting for 32% of total sales. Most of the profits are assigned to the new company’s headquarters opened in mainland China. Therefore, the decision to add the A50 Index should not surprise anyone.
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As we read in the official press release, the change is being performed to help the broker build its brand in the Middle Kingdom’s market. Ted Lee, Leverate’s Head of Marketing in Asia, stated: “We know that Gold, Silver, Alibaba Stock, A50 stock index and csi300 index are hot in China and we are committed to providing the instruments that the market needs.”
The addition of the A50 Index takes place after two developments in Leverate’s managerial positions. The first concerned the appointment of Ben Richter to Head of Institutional Sales, who previously held a similar position at FXCM Israel. The second one involved Peter Leonidou, who was promoted to Head of Sales in the Europe, Middle East, and Africa (EMEA) region.