Finalto wins Best B2B Liquidity Provider APAC 2023

FinanceFeeds Editorial Team

Finalto is thrilled to announce that it has won ‘Best B2B Liquidity Provider APAC 2023’ award at the UF AWARDS APAC Ceremony, which took place on June 22nd, the final day of iFX EXPO Asia 2023 in Bangkok.

Finalto

“The award is a great recognition of our commitment to the Asian market, as evidenced by the recent launch of our Singapore data centre,” says Finalto Asia regional CEO Alex MacKinnon.

“We pride ourselves on the liquidity and products we can offer clients, so we’re pleased to win this award. We are very thankful to those who voted for us.”

The award shows how the move into Asia is already winning plaudits and it will be a positive for clients.

“Our clients in Asia will experience a considerable decrease in latency due to the geographical proximity of the new data centre. By bridging the distance between Asia and financial hubs like New York and London through our Singapore centre, we’re ensuring a significantly faster and more efficient service for our clients and, in turn, for their own customers.

“We see larger tickets here (Asia). The liquidity configuration is very different”, he continued. Finalto’s expanded connectivity is likely to bring in several players based out of Singapore and Tokyo.

It comes as Finalto recently announced Kenneth Lim as Head of Liquidity Asia to spearhead the expansion of liquidity provision in the region following the launch of the Singapore data centre. He joins Finalto after more than 10 years working with institutional investors and prime brokerage services in diverse markets including FX, Futures, and Crypto.

Alex MacKinnon adds: “He is very well known with the banks and clients. We’re very excited to have him join us as a significant part of our business comes from Asia.”

“It’s really embracing the global footprint and have a liquidity manager that takes us to the next level.”

Kenneth says: “I am absolutely thrilled to be embarking on this exciting journey with Finalto, and I am eagerly looking forward to collaborating with a team of incredibly talented individuals. Together, we will drive the company’s growth and strategic vision, while ensuring unparalleled service for our valued clients.”

Last year Finalto was named Best B2B Liquidity Provider (Prime of Prime) at the Finance Magnates London Summit Awards 2022.

Read this next

Digital Assets

Coinbase nears deal to buy FTX Europe, lured by its derivatives business

Coinbase is reportedly in the final stages of negotiations to acquire FTX Europe, signaling its intent to expand in regions with well-defined cryptocurrency regulations.

Digital Assets

MicroStrategy buys more bitcoins as crypto bet loses +$600M

MicroStrategy has purchased another 5,445 bitcoins for approximately $147.3 million in cash, adding to its massive cryptocurrency holdings during a sharp drop in the price.

Digital Assets

TYRION Set To Decentralize The $377B Digital Advertising Industry

TYRION, a groundbreaking player in decentralized digital advertising, has launched its innovative blockchain-based platform aimed at disrupting an industry long dominated by centralized tech giants, by addressing issues like lack of transparency, data privacy, and declining ROI, while also offering features like social platform integration, robust analytics, and a deflationary mechanism for its native $TYRION token.

Institutional FX

TD Bank sells TD Cowen’s $1.3B business to Marex

London-headquartered commodities broker Marex has agreed to acquire TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Retail FX

ThinkMarkets reports flat revenues, lower profit for FY2022

The UK business of Melbourne-based broker, ThinkMarkets, today reported its financial results for the fiscal year ending December 31, 2022. The multi-asset platform, trading in the UK as TF Global Markets UK, had seen mixed results in a couple of key areas over a yearly basis.

Institutional FX

Finalto named ‘Best CFD Liquidity Provider’ at Ultimate Fintech Awards Global 2023

“This recognition is a testament to our commitment to providing exceptional liquidity services, innovative solutions, and outstanding customer support. We would like to express our sincere gratitude to our clients and partners for their trust and support. We will continue our efforts and look forward to delivering even greater value to our clients in the future.”

Digital Assets

New Cryptocurrency Meme Kombat ($MK) Launches Public Token Presale, Staking Platform

Meme Kombat, a new gaming platform blending the allure of internet memes with competitive battle arenas, has announced that the presale for its native $MK token is now live, offering a high APY of 112% and creating significant buzz in the crypto and Web3 communities.

Digital Assets

Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading

Hydranet has unveiled its groundbreaking Layer 3 trading platform, Hydranet DEX, that allows for near-instant, low-fee, and trustless cross-chain trading between Bitcoin and Ethereum ecosystems, marking a significant milestone in the project’s development journey.

Digital Assets

Coinbase gets nod to launch crypto services in Spain

Coinbase has scored Anti-Money Laundering (AML) compliance registration with Spain’s central bank as part of its continued expansion efforts in Europe.

<