e-Forex-May-23

DIGITEC acquires Modular FX
DIGITEC, the provider of D3, the
Multi-Asset Pricing Engine and the
DIGITEC/360T Swaps Data Feed
(SDF), has announced the successful
acquisition of Modular FX, the
specialist provider of electronic trading
technology and consulting services. As
part of the acquisition the Modular FX
Directors have joined DIGITEC. Stephan
von Massenbach joined DIGITEC as
Chief Revenue Officer in 2021, and
Howard Grubb joined as Product Lead
for electronic trading in July 2022.
“The FX Swaps market continues to
evolve at pace. The most recent BIS
Triennial Survey showed that FX Swaps
increased to 51% of all FX volume,
driven largely by automation and the
further development of electronic
markets,” said Peer Joost, CEO of
DIGITEC. “As FX Swaps technology
specialists we continue to invest in our
services and enhance our electronic
pricing and data products as demand
for electronic trading increases. Howard
and Stephan’s market and technical
Peer Joost
experience helps us to address the
rapidly evolving needs of our clients
head on.”
ThinkMarkets partners with Acuity Trading
NEWS
ThinkMarkets, the multi award-winning
global online trading provider has
announced a new strategic partnership
with AI pioneers, Acuity Trading. The
latest collaboration integrates Acuity
Trading’s Signal Centre tools directly into
the ThinkMarkets trading ecosystem,
enabling traders to save valuable research
time by receiving up to 40 high-quality,
real-time trading signals each day,
compiled by experienced technical
analysts and innovative AI-based market
data analysis. These signals will be
delivered to traders before the markets
open, allowing them to plan their
strategies in advance and make informed
trading decisions. The signals will also
come with entry, exit, and stop loss
levels; empowering traders to implement
their strategies with confidence. Andrew
Lane, CEO of Acuity Trading, commented,
“We are delighted to be partnering with
ThinkMarkets, a leading global online
trading provider. This partnership will
allow us to offer our innovative analytics
platform to ThinkMarkets’ clients,
providing them with a valuable tool to
help them make more informed trading
decisions. We believe that this partnership
will be mutually beneficial, and we look
forward to working together to help
traders succeed.”
Andrew Lane
Grupo Bursátil Mexicano selects Integral
Grupo Bursátil Mexicano (GBM), the
leading Mexico-based brokerage firm
with over US$25.8 billion AUC, has
selected Integral’s cloud-based SaaS FX
technology to empower their growth
strategy in Mexico. Integral was awarded
this deal in a competitive process with
other technology vendors and represents
another important SaaS partnership in
Latin America as part of Integral’s global
growth strategy. For GBM, Integral’s
FX technology solution provides direct
liquidity connectivity, a sophisticated
pricing engine, and complete risk
management capabilities. The solution
enables the broker to support both voice
dealing and fully electronic workflows
in modern branded user interfaces. As a
result, GBM will be able to scale to service
its growing customer base and address
new market segments. “This agreement
demonstrates Integral’s global presence
as a leading currency technology partner,
supporting advancements in FX trading in
the Latin American region,” added Harpal
Sandhu, CEO, Integral. “Our cloud-based
SaaS offering is well suited to support
GBM’s growth, benefitting from an FX
workflow that is fully automated and
highly configurable, spanning across the
entire trading lifecycle to deliver better
outcomes for their customers.”
Harpal Sandhu
10 MAY 2023 e-FOREX