Superior Technology Breeds Success in Forex Arena
NEW YORK, Dec. 3 /PRNewswire-AsiaNet/ --
Choice of trading platform is crucial for growth, according to players in recent consolidation
activities in the Forex space.
In October of 2008 the UK-listed company IG Group Holdings PLC
trading company FXOnline Japan KK (FXO,
myForex trading platform provided by the US based software company FinaTek Services Corp
transaction: "This was the second time FXO scored big, and again with our help. We signed FXO in
December 2004 while they were serving as one of the local IBs for IFX in Japan. We provided
them with the cutting edge myForex
Trading Platform what allowed them to seamlessly switch from the IB to the Market Maker business
model without increasing the market risk, but
tremendously raising the profit margin. Our robust multilingual Platform had
overwhelmingly attracted the traders' audience by its stability, ease of use,
customizable look and feel, convenient and detailed reporting, ability to trade right from the chart,
trade on the go, and many more amazing features.
As a result, FXO was able to raise their client base almost ten-fold during the first year, and more
than 30 times up until now."
In December of 2006, 44.97% of FXO stake was acquired by FinTech Global Incorporated and
Mazuho Bank. According to FinTech CEO Nobumitsu Tamai, "FXO
offered an ideal platform. The excellent operability and user-friendliness of
FXO's platform helped to retain a support base of high-value trade users, placing the firm in the top
class of the industry." Mr. Tamai makes it clear
that our technology chosen by FXO resulted in FXO's success that in turn made
it desirable for recent acquisition by IG.
Mr. Tkach adds: "We benefit from the IG/FXO transaction by licensing our
Platform to IG, and thus demonstrating that our flexible and scalable
technology solution is ready for big market players."
Other companies have also enjoyed success with FinaTek technology
solutions. Since 1996 the founders of FinaTek (Alexander Ryvin, Anatoly Tkach,
Andrew Sinitsyn) designed and supervised the development of proprietary
trading platforms for leading industry players like MGFG (recently acquired by
RCG), CMS (the first US based Forex dealer to successfully implement FinaTek's
Platform in 2003; they raised their client base hundred-fold since that time),
FXCM (which became the largest Forex dealer in the United States), CBFX (later
on acquired by IFX, and recently by CityIndex), FXSolutions (recently acquired
by CityIndex), and many more. All these companies have one thing in common:
superior technology put them ahead of competition and allowed them to achieve
astonishing growth patterns. This string of successes will likely continue as
FinaTek comes out with more innovative products for Forex trading and more companies license
this outstanding technology.
About FinaTek:
Since 1996 the founders of FinaTek (Alex Ryvin, Anatoly Tkach, Andrew Sinitsyn) were
designing and supervising the development of proprietary
trading platforms for the leading industry players like MGFG, FXCM , GCI, CBFX, and FXSolutions.
In 2002 the FinaTek was formed and launched the next
generation online trading platform for retail Forex market -- myForex Trading
Platform -- for Capital Market Services. In 2004 FinaTek signed FXOnline Japan
while they were serving as one of the local IBs for IFX in Japan.
Contact: Gaia Bagirian
+1-646-307-4368
gbagirian@gmail.com
for FinaTek
SOURCE: FinaTek
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