Aussie-based startup accelerator, Aussie Venture Capital, has announced plans to expand its high-fidelity brokerage service to Australia and other countries.
The Australian startup, which is part of the Australian Government’s Innovation Accelerator Network, is working on a new platform that will enable high-speed trading for large businesses and individuals with high-volume trading.
“In addition to offering financial services for investors and high-net-worth individuals, AVA is also developing a platform that allows high-income individuals and businesses to access high-value trading opportunities,” the startup’s website reads.
“It’s a fantastic opportunity for a company to grow and expand its customer base.”
The company says it has attracted the support of more than 200 people from around the world who have applied to work for the company.
“We’re also seeing a growing number of investors from the US, Canada, UK, Europe, Australia, and New Zealand,” CEO Peter R. Daley told The Australian Financial Review.
“So we’ve attracted a great deal of interest and investment from international companies in Australia and the world.”
For the first time in Australia, we’re going to be offering the best trading opportunities and services in Australia.
“Daley said the company was looking to invest $5 million to $10 million in Australian startups and found it “very attractive” to expand the service to other countries in the future.”
The global market for high frequency trading is exploding,” he said.”
That’s why we’re looking to expand to other markets around the globe and create a platform for high net worth individuals and companies to access these high-quality trading opportunities.
The startup launched in February last year and is now working with more than 100 Australian and international companies, including a venture capital firm and three Australian law firms. “
We’re looking forward to working with them.”
The startup launched in February last year and is now working with more than 100 Australian and international companies, including a venture capital firm and three Australian law firms.
CEO Peter R Daley says AVA has attracted a lot of interest from international investors in Australia.
Peter R. C. Daly, founder and CEO of AVA, said the Australian startup was looking for investors to partner with.
“If we were to grow in the long term, we would be looking to partner up with international partners, such as the US or other markets,” he explained.
In Australia, high-end retail brokerage firm JB Hi-Fi has said it is exploring opening an office in Sydney to facilitate the expansion of its services.
“I am very interested to see what kind of things are possible in Australia with high frequency finance, especially as this is a rapidly growing area,” CEO, Paul R. Jones, said in a statement.”JB HiFi will be looking for an Australian office to facilitate its business in this space and I would like to thank AVA for their support.”
A number of US high-tech firms have also announced they would be opening offices in Sydney in the coming years.
A key difference between AVA and JBHiFi is that JB is offering an on-demand, one-stop solution, while AVA offers high-profile high-risk, one stop solutions.
“There is no one way of doing high-grade trading, and AVA allows you to be more flexible and have access to more services than JB can,” said Daley.
He said AVA would also look to hire more senior staff to run its services in the near future.
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