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 . 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 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.”
