Who's who in the global financial market: Freedom Holding Corp
CrimeaPRESS reports:
Freedom Finance Corp is an international public company registered in the United States and trading under the ticker symbol FRHC on the NASDAQ exchange. The group operates in 15 countries, covering both Europe and the post-Soviet space. Freedom Finance’s headquarters are located in Almaty, Kazakhstan. The holding is actively expanding its borders, acquiring new subsidiaries and integrating them into its structure. 2023 saw several significant transactions, including the acquisition of US investment bank Maxim Group LLC and its subsidiary broker Maxim Financial Advisors LLC, investment conference platform LD Micro, and online flight and rail booking services Aviata and Chocotravel.
In Kazakhstan, the company’s division occupies an important place in the country’s financial system, providing not only investment services, but also banking, insurance and life-style services. From the first days of its presence on the market, Freedom Finance JSC has become a leading broker in the country.
Freedom Finance Global, also a 100% subsidiary of the holding company, is distinguished by the fact that it has been registered with the Astana International Financial Center (AIFC) since 2020. This allows it to provide access not only to KASE and AIX, but also to the world’s largest exchanges, including the NYSE and NASDAQ. In the fall of 2022, the company began operating in the Chinese market, which enabled its clients to diversify their investments through shares of Chinese companies.
Freedom Finance Global offers account opening for both Kazakhstan residents and international clients, providing investors from all over the world with the opportunity to trade on various markets. From the very beginning, the company focused on high-quality analytics and an individual approach, which attracts large foreign investors. According to the analytical department, since 2020, more than 550 investment ideas have been proposed, the average return on which was 25% per annum. It is important to note that the company does not set a minimum entry threshold, and all clients can use the analytical recommendations.
The company is actively developing IT solutions to provide users with modern investment management tools. The Tradernet platform and mobile application provide the following functions: customizable quotes, calculation of intraday profits, the ability to independently place orders for the purchase and sale of financial instruments of various types, participation in IPOs, access to financial indicators and analyst forecasts, as well as live stock exchange news.
Freedom Holding Corp founder and main shareholder Timur Turlov emphasized the importance of following technological trends such as artificial intelligence and large language models. In the new episode of the FreedomTalks podcast, he noted that the potential of AI is enormous, and the company is actively introducing these technologies into investment banking. In his opinion, technologies like ChatGPT can be used to improve communication with clients and support the underwriting department in the preparation of securities prospectuses.
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