ThinkMarkets Promotes Alexander Kolchev to CTO

ThinkMarkets has appointed Alexander Kolchev as the Chief Technology Officer. The promotion came after Kolchev completed two years of working with the broker, according to his Linkedin profile.

“I’m excited to share that I’m starting a new position as Chief Technology Officer at ThinkMarkets!” Kolchev wrote in a Linkedin post.

Based in Sofia, Bulgaria, he joined the broker in October 2020 as the Director of Technology of Europe and later took over the responsibilities in the same role for the broker’s overall global operations.

Kolchev is a software expert with a decade of experience in the industry. Before joining ThinkMarkets, he had an eight-month-long stint at DXC Technology, where he was a Chapter Manager for Apps Development and Integration.

He spent six years of his career at SmartIT, a Sofia-based IT services and consulting firm. There, he joined as a Software Developer and parted as the Head of Software Development. After finishing academics at the New Bulgarian University, he joined Iphos IT Solutions as a Software Developer.

Growth Plans

Headquartered in Australia, ThinkMarkets operates globally with several regulatory licenses. The broker offers forex and contracts for differences (CFDs) instruments of indices, stocks, commodities and cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. However, the offered instruments vary from market to market to adhere to local regulations.

In addition, the broker is expanding aggressively and launched services in Japan earlier this year. On top of that, media reports in 2020 suggested the plans to take the broker public, however, no other developments around the matter came after.

Moreover, ThinkMarkets is focused on its proprietary technology. Earlier this year, it added web support to its proprietary trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to enhance offerings.

Finance Magnates recently reported that the UK arm of ThinkMarkets generated 16 percent higher profits in fiscal 2021 despite a 38 percent decline in annual turnover. It is now expecting further growth in core and new markets with improved “client numbers, client deposits, and trade volumes.”