The activities of companies or individuals on the stock exchange are carried out through brokers. This is the name of intermediaries who have a license to carry out financial activities and help their clients trade shares, bonds, depositary receipts, derivatives and other financial instruments. One of these companies is Freedom Holding Corp.
Features of the activity
This company is multifaceted and carries out several types of activities:
- Is a broker and conducts transactions on stock exchanges, helping clients trade any financial instruments listed on the stock exchanges.
- Provides depository services for the storage of securities and registration of the transfer of ownership of them.
- Works in the banking services market, opening accounts and issuing loans.
- Is a professional participant in the securities market, registered as a dealer.
As a broker, it provides access to Kazakhstan, American and European stock exchanges. It is worth highlighting the opportunities for trading on NYSE, NASDAQ, CBOE, CME, AMEX, LSE and Euronext. The company has a perpetual license from the American Federal Financial Markets Service, and can carry out brokerage services, conduct banking and dealer activities under it.
In 2019, the holding was listed on the leading American stock exchange NASDAQ, where its shares are traded. They have a ticker FRHC, this is how the company’s securities are designated in trading terminals and on quote charts.
The company is one of the market makers on the Kazakhstani exchanges KASE and Astana International Exchange, providing liquidity for securities on these platforms.
History
The holding was created by Timur Turlov, a native of Kazakhstan. Initially, in 2088, the company was founded in Russia and operated as a national firm. However, subsequently the owner bought assets in Canada and the United States, formed a holding, and sold Russian assets, completely exiting the business in the Russian Federation.
In addition to brokerage and depository services, the holding is actively operating in the mergers and acquisitions market. One of the notable transactions in this regard was the buyout of the investment bank Maxim Group LLC and its subsidiary Maxim Financial Advisors. Freedom Holding Corp includes more than two dozen companies involved in finance, IT technologies, consulting, and telecommunications. The company’s current registration is issued in the state of Nevada, USA. However, the company’s headquarters are located in Almaty, where the founder lives, where he moved in 2010.