Equiti Group has signed on TraderEvolution Global as its trading platform provider, bringing in new technology that lets the fintech company add asset classes and speed up trade execution across its international operations.

Equiti Adds TraderEvolution Engine

The Dubai-based firm says the arrangement will open up more products for clients and smooth out back-end operations. TraderEvolution's system connects to multiple global exchanges and works with different front-end interfaces, letting Equiti customize what traders see without rebuilding core infrastructure.

"This partnership with TraderEvolution aligns with our ambition to widen the product range and market access available to our clients," said Husam Al Kurdi, who runs Equiti's Cyprus entity.

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TraderEvolution CEO Roman Nalivayko added brokers are increasingly looking for platforms that handle multiple asset types without forcing clients into a single interface. "TraderEvolution's multi-asset strengths and back-end-first architecture give brokers unparalleled control and flexibility," he said.

Revenue Growth Hasn't Translated to Profits

The deal comes as Equiti's UK subsidiary faces pressure on margins. Equiti Capital UK Limited saw profit drop 52% to $530,000 in its most recent annual report, even as revenue ticked up 4% to $32.2 million. Operating expenses jumped 10% to $31.8 million, with legal fees more than quadrupling and compliance costs staying elevated under Financial Conduct Authority oversight.

The UK unit blamed higher spending on quantitative analysis tools and regulatory requirements. Legal and professional expenses hit $4.1 million, up from $954,490 the year before.

Equiti paid a $7 million dividend to shareholders after its most recent fiscal year, despite the profit decline at its UK arm. The company held $39.4 million in net assets, up slightly from $38.9 million the prior year.

Management Shuffle Preceded Platform Deal

Equiti promoted three executives to its C-suite earlier this year as part of what CEO Iskandar Najjar described as an effort to stay competitive with larger rivals. Sartaj Singh moved up to chief technology officer after joining in December 2023 to overhaul trading platforms. Rick Fulton became chief risk and audit officer, while Sean Hong took over as CFO.

The company operates under licenses in the UK, UAE and Cyprus, serving retail and institutional clients across Africa, Asia, Europe and the Middle East. It competes with firms like IG Group and Plus500 in retail trading while also targeting professional investors.

TraderEvolution has been adding integration partners to widen its broker network. The platform provider announced a tie-up with TradingView earlier last year, letting brokers offer that charting service's interface to clients. TradingView says it has more than 70 million users globally.