Leverate is a

software as a service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...

provider for

foreign exchange brokers The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it i ...

. It provides both

electronic trading platform In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

s and back-office software to manage a company's operations through its various subsidiaries. It has offices in

Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

Ukraine Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

Bulgaria Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey t ...

and

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

History

Leverate was founded in 2008 by, Doron Cohen, Itai Damti, and Doron Somech who had worked together on the project since 2006. The original idea was to create a

trading algorithm Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of ...

for the purpose of buying and selling that was completely automated. It took two years to build the platform and the company was launched officially in 2008. Leverate received its first angel investment in 2008 from Jacques Beer, owner and chief executive officer of

Tempo Beverages Ltd In musical terminology, tempo (Italian for 'time'; plural 'tempos', or from the Italian plural), measured in beats per minute, is the speed or pace of a given composition, and is often also an indication of the composition's character or atmos ...

. The company saw a limit to the use of the algorithm and instead turned it into a price feed for brokers that helped reduce losses incurred by latency. Leverate discontinued the use of its algorithm in 2008 and began to market products to brokers. One of the features of the algorithm was a product feed that was described as "fast" and "accurate." The company began using the feed to help brokers who had a lack of knowledge of market conditions. The feed became Leverate's initial product offering, referred to as LXFeed. Leverate moved from algorithm trading into the

SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

market with the product launch, leading to the development of additional products that include risk management tools and mobile trading platforms. Leverate expanded its operations in 2011 by adding 20 employees to its staff of 50. The company was able to do so after selling a 25% stake to

Saxo Bank Saxo Bank is a Danish investment bank specializing in online trading and investment. Established in 1992 as a brokerage firm under the name ''Midas Fondsmæglerselskab'' (English: ''Midas Stockbroker Company'') by Lars Seier Christensen and Ki ...

for $12.5 million (USD). It also expanded its presence by opening a financial services branch in Hong Kong in 2012 and an office in Ukraine in 2013. Leverate entered into an agreement with

in 2014 to buy back that company's 25% stake in the company. In November 2017, Leverate launched Cyprus-based regulatory consulting and services operation Regyoul8, The Financial Certification Services, The Edu8, and the new generation trading platforms.

Products

Leverate's first product was its LXFeed which launched in 2008. It released a risk management system in 2009. The same year, it began to bundle its products and release them under the name LXSuite while also allowing companies to purchase stand alone products. In 2010, it launched a platform called LXAPI which allowed users the ability to customize platforms. It also released LXCRM as a customer management tool for brokers. Digital currencies such as

Bitcoin Bitcoin (abbreviation: BTC; Currency symbol, sign: ₿) is the first Decentralized application, decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under ...

and

Litecoin Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was the second cryptocurrency starting in October 2011. In te ...

were added to its LXFeed in 2014. Leverate ventured into the

social trading Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert Trader (finance), traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. S ...

marketing by launching Sirix Social Community and The New Generation Activ8. The community allows members to view and copy other trader's portfolios, creating transparency in currency pairs, as well as integrating with

MetaTrader 4 MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brok ...

References

External links

* {{Official website, http://www.leverate.com, Leverate official website Financial software companies Software companies established in 2008 Israeli companies established in 2008

History

Products

See also

References

External links