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FX and contracts for difference (CFDs) broker Deriv has unveiled plans for a second office in Cyprus, Finance
Magnates has learned. The new facility, set to open in mid-December, will
be located on the 12th floor of the Asteroid building in Nicosia, the island
nation’s capital.
Deriv Expands European
Presence with New Office in Cyprus Capital
This move
comes as Deriv, with
25 years of industry experience and a global presence in 20 locations,
seeks to strengthen its position in the Old Continent. The company, already established
in Limassol, views Cyprus as a crucial hub for the online trading industry.
“Cyprus is
pivotal to the online trading industry. Nicosia is a good choice due to its
solid reputation as a thriving hub for research and tech,” said Rakshit
Choudhary, Co-CEO of Deriv.
“Our investment here not only strengthens our operational framework but also
allows us to tap into the vibrant ecosystem that Cyprus has cultivated”.
According
to the press release exclusively seen by Finance Magnates, the Nicosia
office will function as a technology development center, with plans to work on
artificial intelligence, data analytics, and programming solutions. The
facility marks an expansion of Deriv’s technical operations in the region. The
new office includes collaborative spaces, workstations, and meeting rooms.
“This
expansion seeks to attract forward-seeking minds who are not only looking for
career opportunities but to accelerate their professional growth through the
dynamic roles,” said Andreas Potamitis, Head of Nicosia Office. “Deriv offers
extensive opportunities for professionals to work on AI-powered trading
solutions, advanced platforms and sophisticated projects, all without the need
for lengthy commutes.”
Deriv Is Hiring
Deriv is
currently hiring for several positions, including Trading Analysts, DevOps and
WinOps Engineers, and Low Code/No Code Developers. The company has received a
Platinum accreditation from Investors in People, an organization that evaluates
workplace practices and culture.
As part of
its recruitment efforts, the company participated in the IMH Career Fair in
mid-December 2024. The event provided an opportunity for professionals to learn
about job openings and the company’s plans.
The Cyprus
expansion is part of Deriv’s strategy to access local talent and expand its
European presence. Deriv reports serving over 2.5 million traders globally,
offering various trade types across more than 200 assets on its trading
platforms.
A few weeks
ago, the FX and CFDs broker enhanced its trading tools by
introducing “Tactical Indices,” designed to eliminate the need for manual
rebalancing.
Online
FX and contracts for difference (CFDs) broker Deriv has unveiled plans for a second office in Cyprus, Finance
Magnates has learned. The new facility, set to open in mid-December, will
be located on the 12th floor of the Asteroid building in Nicosia, the island
nation’s capital.
Deriv Expands European
Presence with New Office in Cyprus Capital
This move
comes as Deriv, with
25 years of industry experience and a global presence in 20 locations,
seeks to strengthen its position in the Old Continent. The company, already established
in Limassol, views Cyprus as a crucial hub for the online trading industry.
“Cyprus is
pivotal to the online trading industry. Nicosia is a good choice due to its
solid reputation as a thriving hub for research and tech,” said Rakshit
Choudhary, Co-CEO of Deriv.
“Our investment here not only strengthens our operational framework but also
allows us to tap into the vibrant ecosystem that Cyprus has cultivated”.
According
to the press release exclusively seen by Finance Magnates, the Nicosia
office will function as a technology development center, with plans to work on
artificial intelligence, data analytics, and programming solutions. The
facility marks an expansion of Deriv’s technical operations in the region. The
new office includes collaborative spaces, workstations, and meeting rooms.
“This
expansion seeks to attract forward-seeking minds who are not only looking for
career opportunities but to accelerate their professional growth through the
dynamic roles,” said Andreas Potamitis, Head of Nicosia Office. “Deriv offers
extensive opportunities for professionals to work on AI-powered trading
solutions, advanced platforms and sophisticated projects, all without the need
for lengthy commutes.”
Deriv Is Hiring
Deriv is
currently hiring for several positions, including Trading Analysts, DevOps and
WinOps Engineers, and Low Code/No Code Developers. The company has received a
Platinum accreditation from Investors in People, an organization that evaluates
workplace practices and culture.
As part of
its recruitment efforts, the company participated in the IMH Career Fair in
mid-December 2024. The event provided an opportunity for professionals to learn
about job openings and the company’s plans.
The Cyprus
expansion is part of Deriv’s strategy to access local talent and expand its
European presence. Deriv reports serving over 2.5 million traders globally,
offering various trade types across more than 200 assets on its trading
platforms.
A few weeks
ago, the FX and CFDs broker enhanced its trading tools by
introducing “Tactical Indices,” designed to eliminate the need for manual
rebalancing.
This post is originally published on FINANCEMAGNATES.
