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Ivan Tchourilov

Using technology to create Australia's #1 investment ecosystem

Ivan Tchourilov is a prominent figure in the fintech sector in Australia, currently serving as the Managing Director & Co-Founder of Volatility since August 2023 and Managing Director & Co-Founder of Fortrez since July 2022. He previously held the position of Chief Executive Officer at OpenMarkets Australia from December 2019 until March 2022, where he played a significant role in enhancing the company's offerings and market presence.15

Background and Career

  • Education: Tchourilov holds a Bachelor of Business with a focus on Banking, Finance, and Economics from Monash University, completed between 2006 and 2008. He has also received accreditation in futures from the Australian Financial Markets Association (AFMA) and stockbroking qualifications from Deakin Prime.1

  • Professional Experience:

    • At OpenMarkets, he led initiatives to improve financial literacy among Australians and expand access to trading technologies.
    • Before OpenMarkets, he was the Managing Director at TradeFloor, specializing in high-performance technology solutions for stockbroking.15
    • His earlier roles include positions at GBST as a Product Specialist in derivatives and at BBY Ltd as a Futures and FX Dealer, where he managed client orders and provided market insights.1

Contributions to Fintech

Tchourilov is recognized for his commitment to integrating advanced technology into financial services. Under his leadership at OpenMarkets, the company adopted GBST's Retail Clearing Platform to enhance its operational capabilities, which significantly improved its service delivery for equities and options processing.3 He has expressed a strong belief in adapting financial advice models to better serve diverse client needs, emphasizing the importance of technology in this evolution.12

Current Focus

As of now, Tchourilov is focused on expanding Volatility, which aims to provide sophisticated trading tools and technology solutions tailored for Australian traders. His vision includes fostering a fintech ecosystem that enhances accessibility and efficiency in trading for everyday Australians.14

Highlights

Jul 26 · linkedin

I thought I'd clarify something.

I updated LinkedIn with news of our "new" company, Volatility. The truth is, it's more than a year old... and we are now ~2% of the ASX options market.. thats about 1/5th of CommSec with zero marketing (or funding)!!

However, the biggest indicator of early success for us is that almost all clients who come on, stay and are engaged. Why? Because an overwhelming majority of our traders are profitable, which is rare with online platforms, especially where leverage is involved. More so, more than 95% of our new business comes from referrals from existing customers. Kudos to Blake Reid & Thomas Davidson for their die-hard commitment to the client experience to drive this number. We have built an amazing community of traders and sophisticated investors.

Obviously, the key driver of client profitability is the product itself - and kudos to Brock Janiczak & our technology team (you know who you are who) for building an amazing platform that is globally scalable. Lots of work to go to level up, but the hard work is paying off.

Over the last 3 months we have added great new products, with Eason Tan running the premium desk and his super-interactive (and very successful) trade idea subscription service (changing the broking model right here on its head...) and Mark Elzayed running Investor Pulse, which provides high-quality research and daily market commentary... and very soon launching high-performing model portfolios.

I also would like to recognise the very important part that our broker Morrison Securities plays in our success. William Slack who has looked after us with unwavering support when we needed it (when no one else in the same position would have) + his superstars - Alex Szabo, Brooke Midson, Tom Kollias, Paul Drake, Jodie Nair and the rest of the team.. thank you so much for doing all the heavy lifting. I know how tough that business can be!! You are 100% the most efficient and professional team on the market and I'm so grateful to have you guys!

And lastly, of course, quick shout out to Eve Medvedeva and Belinda Johnstone, who have always supported Brock and I to achieve our dreams, even when those dreams look a bit like jumping off cliffs after a big night out.

The best thing is that we're just getting started!

Related Questions

What are Ivan Tchourilov's key achievements at OpenMarkets Australia?
How did Ivan Tchourilov transition from derivatives trading to fintech leadership?
What is the mission of Volatility, the company Ivan Tchourilov co-founded?
How does OpenMarkets Australia's technology differ from other fintech companies?
What are the main products and services offered by Fortrez, which Ivan Tchourilov also co-founded?
Ivan Tchourilov
Ivan Tchourilov, photo 1
Ivan Tchourilov, photo 2
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Location

Melbourne, Victoria, Australia