Finalto partners with BidFX

FinanceFeeds Editorial Team

Finalto a global B2B multi-asset liquidity and clearing broker partners with institutional FX technology solutions provider BidFX to expand its FX and Precious metals distribution. 

With the unification under a single identity Finalto (previously known as TradeTech Group), and 700 B2B clients across 90 countries served by one dedicated team across 12 offices globally, it is an exciting time for us to bring financial markets to the next level. We are incredibly humbled and honoured to partner with BidFX, a wholly-owned subsidiary of Singapore Exchange (SGX). This is an important milestone for us. A further expansion to our one trading destination for our clients.   

Alex Yap, Director of Sales at Finalto Asia Pte Ltd, 

Market-leading Fintech firm BidFX offers cutting-edge FX trading solutions for institutional firms such as hedge funds, asset managers and corporations. Their speciality ranges from collecting and storing data, providing analytical tools on liquidity provision where clients can compare counterparties, to price discovery. BidFX partners with a variety of liquidity providers enabling aggregation across a range of OTC and listed markets – spot and forward FX, NDFs, Precious Metals, deliverable and non-deliverable swaps – allowing best trade execution via a range of negotiation protocols and tailored solutions. 

Wai Kin Chan, Head of Asia Pacific at BidFX comments: ‘I am excited to have Finalto partner with BidFX as we strive to further improve execution efficiencies, reduce cost and increase transparency for our clients and the financial markets using the latest technology. Finalto offers an alternative institutional multi-asset liquidity and clearing solution to their clients – expanding their distribution of FX and Precious Metals through BidFX as a strategic partner will be an important milestone for us.’

About Finalto

We are Finalto and we are here to take the global financial markets to new heights.
Previously known as TradeTech Group, we are the financial division of Playtech PLC, a FTSE 250 listed company listed on the London Stock Exchange.
The group comprises of eight regulated entities focusing on the following brands:

Finalto Liquidity (formerly CFH)

Finalto Trading (formerly TradeTech Alpha)

Finalto 360 (formerly TradeTech360)

We are now unified under a single identity Finalto where, along with our B2C brand Markets.com – the leading provider of trading and investment services, we are focused on becoming the leading name in financial solutions.

About BidFX

BidFX is a leading cloud-based provider of electronic foreign exchange (FX) trading solutions for the global financial marketplace. 

BidFX delivers customised liquidity in all FX products from partner banks and provides broker-neutral order and cutting-edge execution management services. It offers a complete suite of negotiation protocols and a hub to the algo suites of all major banks featuring best execution capabilities. Its transaction cost analysis (TCA) solution features pre-trade predictive models, in-trade benchmarking and post-trade synopses.

Founded in January 2017, BidFX has over 100 of the world’s largest banks, hedge funds and asset managers currently connected to its platform. BidFX is a subsidiary of SGX Group.

For more information, please visit: www.bidfx.com

Read this next

Crypto Insider

Gate.io lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

Industry News

CFTC fines Chinese firms Chinatex and COFCO $720,000 for wash trading

Chinatex traders engaged in wash trading in order to liquidate a long position in the account of an affiliated company and re-establish the position in its own account, to the ultimate benefit of its parent company, COFCO.

Industry News

US-based operation of Brazilian broker XP fined $500,000 for recordkeeping failures

“Proper recordkeeping is vital to protecting our markets and market participants from fraud and manipulation. This case serves as another example of the Commission’s intent to vigorously enforce the recordkeeping obligations of its registrants.”

<