In this interview, Illimar shares (Illimar Mattus, the Co-Founder of brokerage group Tickmill and prop firm The Trading Pit) insights into his journey, Tickmill’s expansion plans, and the intricacies of prop trading regulations.

Illimar Mattus on Tickmill’s Origins

Illimar’s journey into the financial world began over 25 years ago when he was inspired by the movie “Wall Street” at the age of 15. Hailing from a small village in Estonia, his fascination with the financial markets led him to pursue economics and financial analysis avidly. Eventually, in 2010, Illimar and his brother Ingmar decided to transition from being clients of larger firms to establishing their own brokerage, Tickmill.

Estonia’s Tech Boom Explained

Discussing Estonia’s prominence in the tech industry, Illimar attributes it to historical ties with Sweden and Finland after the collapse of the Soviet Union. The influx of technology from these countries jumpstarted Estonia’s economy, leading to the development of advanced infrastructure, including in the financial sector.

Managing Diverse Ventures: Tickmill, The Trading Pit, and Pinorena

Illimar delves into the management of his various ventures, including Tickmill, The Trading Pit, and Pinorena Capital. He emphasizes the importance of delegation and trusting capable individuals to handle different aspects of the businesses. Despite the challenges of relinquishing control, Illimar has adapted to focus on prioritization and overseeing key decisions.

Understanding The Trading Pit

The Trading Pit serves as a platform for talented traders worldwide to access capital. Illimar explains the evaluation process and risk management involved in identifying promising traders. The platform aims to nurture trading talent, refine risk management skills, and potentially offer investment opportunities through regulated fund structures.

Navigating Regulatory Landscape and Future Plans

Illimar shares insights into the evolving regulatory landscape of the trading industry, predicting forthcoming regulations within the next few years. He anticipates significant consolidation in the market and emphasizes Tickmill’s commitment to maintaining a solid reputation and expanding its multi-asset offerings. With plans to launch a proprietary platform and explore licensing opportunities in new regions, Tickmill aims to uphold its reputation for consistency and reliability.

In conclusion, Illimar Mattus provides valuable insights into the intricacies of the trading industry, from the origins of Tickmill to navigating regulatory challenges and future expansion plans. As the landscape evolves, Tickmill remains committed to providing clients with reliable and innovative trading solutions.