Financial firm opens new Limassol office, calls Cyprus ‘obvious choice’

Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, announced on Wednesday that it has opened its new headquarters in Limassol.

The company also has offices in London, New York, Boston and Singapore and has clients with total Assets Under Management (AuM) exceeding $2.5 trillion.

Located at the Cedars Oasis Tower, Quant Insight’s new headquarters also signal its intent to launch a major expansion across both the Middle East (ME) region, as well as Europe.

“Cyprus is a major global hub for Forex and Online brokerage companies, and well-positioned as a business gateway to access Asia, Europe, the Middle East and Africa,” the company said in a statement.

“This will allow Qi to get closer and offer better services to their partners, customers and prospects across these regions,” the company added.

Quant Insight have also chosen Cyprus to launch a new retail product called iQ. The new product aims to bring cutting edge analytics and trading insights to individual retail investors across the world.

iQ has been created to help retail investors make well-informed investment and trading decisions, where such insights were typically reserved for institutional investors. The new product is scheduled to be released during the next year.

The new branch Limassol will be headed by Quant Insight partner Zahi Younan, the CEO of Quant Insight Europe.

“Cyprus was an obvious choice when it came to selecting the best-placed base to lead our expansion into new markets and territories, as it is not only an ideal location to access markets in the adjacent continents, but it is also an emerging hub for traders, online brokers and retail investors in its own right,” Younan said.

“This expansion marks the first major step in the new growth and development stage of Quant Insight, and will shortly be followed by the launch of our cutting edge retail offering,” the Quant Insight Europe CEO added.

“Zahi, both as a partner in Quant Insight and as CEO of Qi Europe, is a key addition to our team, and I am confident he will make major contributions to Quant Insight with his capability and experience,” Quant Insight CEO Mahmood Noorani commented.

This development follows Quant Insight’s recent announcement regarding its intent to scale up, a process that has officially been launched after four years of research and development, as well as $10 million in funding.

Finally, another product stemming from Quant Insight’s own research and development is its AI-powered financial market brain (RETINA), which scans millions of data points daily to provide a succinct overview of how macro forces are impacting all asset classes, including FX data, indices and single stocks, commodities, bond futures and cryptocurrency movements.

RETINA reduces millions of data points into two to five essential daily insights and is already being used by some of the world’s leading investment banks, hedge funds and asset managers, including Alan Howard of Brevan Howard.