Melbourne-based broker, ThinkMarkets has promoted Alexander Kolchev as the company’s new Chief Technology Officer (CTO).
A former DXC Technology’s exec, Kolchev will be responsible for leading the development and delivery of ThinkMarkets’ products and services. As its chief technology officer, he will play a key role in the management and development of the group’s technological capabilities. His appointment also comes after several similar roles at other venues over the course of a career spanning ten years.
Previously, Kolchev held a variety of senior positions including roles in product management and software with a focus on forex systems. Prior to his appointment at ThinkMarkets, he held an analogues position at DXC Technology, a Fortune 500 global IT services leader.
Other stops include working as head of software development at Smart IT, a technological hub that that caters to Fintech firms in in Bulgaria, Romania, Poland, Ukraine, Northern Macedonia, and Spain.
ThinkMarkets (formerly ThinkForex) is a multi-licensed online forex brokerage firm, authorized and regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). The firm expanded its global footprint through its licensed South African firm. It also acquired the Japanese FX firm, Japan Affiliate, in a move that allows ThinkMarkets to offer its service in the Asian country.
ThinkMarkets made headlines earlier this year when it raised $30 million in fresh capital, provided by Mars Growth, a Liquidity Group and MUFG joint venture fund. Its UK business also launched a new prime brokerage unit under the brand Liquidity.net.
ThinkMarkets has recently launched a new prime brokerage unit under the brand Liquidity.net. ThinkMarkets expects its multi-asset offering to yield a potential market opportunity. For this purpose, it strengthened the dedicated institutional desk with prime broker partnerships alongside a white label product through MetaTrader 4, MetaTrader 5, and Integral platforms.