ATFX has acquired a stake in Spark Systems, a Singapore-based eFX trading platform serving clients in Asia and globally.
The FX and CFD brokerage firm was one of several investors in Spark Systems’s Series C fundraiser, which saw participation from leading venture capital companies and also global banks including Citibank and HSBC.
ATFX Connect to leverage Spark Systems for liquidity distribution
ATFX expects the investment in Spark Systems to create opportunities to leverage ATFX Connect liquidity within the platform.
ATFX Connect, the institutional arm of the wider ATFX Group, which is regulated by the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA.
The institutional arm offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious Metals to a wide range of institutional clients from hedge funds, Tier 1 global and regional banks, high net worth investors, asset managers, family offices and other brokers.
ATFX Connect’s liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms.
Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group’s MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API.
“Driving innovation in the eFX space”
Joe Li, Group Chairman at ATFX, said: “Investing in Spark Systems aligns with our strategic vision to enhance our institutional offerings and drive innovation in the eFX space. We believe that this will benefit both organizations and provide our clients with improved trading solutions, especially in the Asian region.”
Joo Seng Wong, Founder & CEO of Spark Systems, commented: “This collaboration with ATFX represents a significant step forward in our mission to deliver exceptional trading solutions. Together, we will empower ATFX clients with enhanced access to liquidity and offer advanced trading capabilities.”
ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
ATFX deployed PriceOn from TraderTools
ATFX recently enhanced its global trading infrastructure with the integration of PriceOn from TraderTools. PriceOn allows ATFX to create its own Unique Liquidity electronic streams, and manage trading flows more effectively and efficiently, ensuring clients benefit from superior execution and competitive pricing.
The liquidity tool leverages artificial intelligence and sophisticated algorithms to handle complex client flows seamlessly so that institutional client flows match with a broad range of retail client flows, (and vice-versa) even those with challenging characteristics, without compromising execution performance.
With PriceOn, ATFX will be able to manage trading flows from current institutional and retail clients like it never did before, ultimately improving pricing and execution experiences, alongside attracting new clients with data and risk metrics driven confident, unique pricing.
The integration of PriceOn comes on the heels of the appointment of Drew Niv as Chief Strategy Officer. Drew Niv joined ATFX after building TraderTools from the ground up. He remains an investor and executive at the provider of FX trading technology.
PriceOn’s AI-based algorithms will ensure ATFX gets precise and strategic execution that maximizes profitability for clients. This way, ATFX is bridging the gap between retail and institutional trading environments, fostering a cohesive ecosystem that supports diverse global trading needs.
ATFX has recently entered into a new phase of growth, which saw the broker expand its geographical footprint across Asia, as well as enhance its product offering and focus on localization. Earlier in 2023, the firm secured a Securities and Commodities Authority (SCA) license in the United Arab Emirates (UAE). Additionally, the acquisition of Rakuten Securities brought an Australian Securities and Investments Commission (ASIC) license into its portfolio.
