We are pleased to announce that Tickmill Group has completed the acquisition of a majority stake in Vipro Markets, a CySEC regulated investment firm. This development is expected to strengthen the company’s growth momentum and broaden the trading possibilities for its Clients.
With Tickmill posting extraordinary financial results and trading metrics in the past year as well as remarkable expansion in key global markets, the acquisition will bring our hiqh quality brokerage services much faster to some of the largest European markets where Vipro Markets has already a meaningful market share. As part of the acquisition, Tickmill injected $2.20 million into the share capital of Vipro Markets, giving the company a strong capital base to facilitate its future growth.
Vipro Markets’ client-centric approach, innovative way of doing business and strong culture of business ethics align perfectly with our values and mission and we look forward to this exciting new chapter that is bound to be a mutually beneficial step forward for both companies.
Tickmill Group director, Mr Duncan Anderson, commented: “This is an exciting new chapter for Tickmill and one that will open up many opportunities to create extra value for clients of both of the companies. Tickmill has become a globally recognised broker among smart algorithmic traders and I am confident that the existing clients of Vipro Markets will very much appreciate being part of a bigger and stronger Tickmill Group which will deliver new products and services at a much faster pace under our regulated entities in the United Kingdom, Cyprus and Seychelles.”
While we are working closely with our associates at Vipro Markets to ensure smooth integration of operations, for Tickmill Clients it is business as usual, that is, their trading experience will remain unaffected during the integration process. In line with our commitment to openness and transparency, our management will provide you with timely and comprehensive information once further actions are taken.
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