Sergei Gruzin has announced via LinkedIn that he has accepted a new role as Chief Commercial Officer at Finstek. Finstek is a technology provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term specializing in flexible solutions for the financial sector.

The company's offerings include MT4/MT5 White Label solutions, MT4/MT5 Bridging, order routing and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, aggregation, risk management, warehousing solutions, reporting, and other fintech SaaS solutions designed for financial institutions.

New Finstek CCO Announced

Before joining Finstek, Gruzin worked at Tools for Brokers. He held the position of Head of Business Development APAC from June 2022 to July 2024.

Prior to this, he was the Senior Sales Manager at Tools for Brokers from January 2018 to June 2022. His earlier roles at the same company included Account Manager from April 2017 to December 2018.

Earlier in his career, Gruzin served as Commercial Director at RUSESTR from August 2011 to April 2017. His responsibilities there included company and brand development, production process management, quality management, and accounting.

Meanwhile, Petros Kalaitzis departed from Tools for Brokers to assume the position of Chief Strategy Officer at FunderPro, a firm specializing in prop trading services. In his new role, Kalaitzis will manage the Operations and Marketing departments, focusing on aligning initiatives with FunderPro's strategic goals.

New cTrader Package Launched

Tools for Brokers has introduced a new cTrader package designed for prop trading firms, as reported by Finance Magnates. This package includes the cTrader Terminal Pack, cTrader Copy, and the cTrader Invite Affiliate Program, along with Tools for Brokers' products like the Trade Processor liquidity bridge and risk management solutions.

It also offers support for initial setup, migration, and ongoing technical assistance. Additionally, Tools for Brokers launched a cTrader Main Label package, a white label solution for companies with or planning to obtain a full cTrader license. This package provides risk and client management, round-the-clock technical support, and onboarding assistance.