Eqbac taps GTN’s API for fractional trading and post-trade processing

Rick Steves

“Our API also enables them to streamline post-trade processing, freeing up their resources to focus on providing top-notch services and experiences to their clients.”

In a significant move that aims to redefine the fintech landscape, GTN, a Dubai-based fintech powerhouse, has entered into a strategic partnership with Equity Basket Capital (Eqbac), an online investment platform incorporated in Mauritius.

The alliance promises to extend the boundaries of what individual investors can achieve, offering access to an extensive array of trading and investment options.

Fractional trading on U.S., Asian, and European stocks and ETFs

GTN, known for its robust API framework, will offer Eqbac’s clients a plethora of investment avenues that span across various global markets. These include fractional trading on U.S., Asian, and European stocks, as well as trading in U.S. dollar-denominated equities and exchange-traded funds (ETFs).

The partnership aligns well with Eqbac’s mission to democratize financial markets and promote inclusivity. By leveraging GTN’s advanced API, the Mauritius-based fintech aims to provide comprehensive trading solutions that could empower investors to diversify their portfolios across asset classes and regions.

Ankit Shah, head of fintech at GTN and a veteran from Interactive Brokers, commented on the partnership: “Our advanced API framework is the perfect solution for start-ups like Eqbac. With our extensive network, we empower them to easily connect to global markets and offer enhanced trading opportunities, as well as fractional trading options. Our API also enables them to streamline post-trade processing, freeing up their resources to focus on providing top-notch services and experiences to their clients.”

Satinder Aggarwal, chairman of Eqbac, with over 21 years of experience in financial markets, echoed Shah’s sentiments. “GTN shares our vision of redefining the fintech landscape and transforming how investors access global markets. This is why we are excited to implement their API,” said Aggarwal.

GTN’s API has built-in regulatory compliance mechanisms

Both firms underscored the importance of regulatory compliance in their endeavors. GTN’s API framework is built to offer end-to-end trading solutions with built-in regulatory compliance mechanisms. Eqbac operates under the regulatory oversight of the Financial Services Commission Mauritius and is strategically positioned with four investment partners, including GTN, to serve a global clientele.

GTN itself is a prominent player in the fintech space, with regulated operating subsidiaries in Dubai, Singapore, and the USA. The company’s commitment to creating a comprehensive global trading ecosystem is further accentuated by its strategic investments from the International Finance Corporation (IFC), part of the World Bank Group, and SBI Holdings from Japan.

The partnership between GTN and Eqbac thus represents a noteworthy leap in financial technology, one that could potentially broaden the horizons of retail investment. It highlights the accelerating pace at which fintech companies are harnessing APIs and other technologies to provide more democratic access to global financial markets.

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