Finn Jakobsen Parts Ways with FTT to Focus on BMFN Prime

Finn Jakobsen has stood down from his role as Executive Director ‎with Fair Trading Technology (FTT) to focus solely on developing the business of BMFN Prime.

Jakobsen has already stepped down from his CEO role at FTT Sweden AB in September 2017 but continued to be involved with the company as Executive Director and member of the board of directors.

Earlier in September 2017, BMFN Group acquired a controlling interest in Fair Trading Technology (FTT Sweden AB). The partnership between the companies came as the former was launching its new prime offering.

The strategic partnership was to deliver key technology to enable two new businesses. BMFN Prime is to focus on providing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and technology, while the Swedish company launched FTT Markets, a brokerage for introducing brokers and retail clients.

BMFN Prime has been managed by Finn Jakobsen as Executive Director and Mark Bringans, who continues in his role as CEO of BMFN Pty Ltd.

Finn Jakobsen had originally joined Fair Trading Technology in 2013 as Chief Operating Officer of the rapidly growing Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term. Prior to that, he was a mainstay at Saxo Bank’s Global Institutional Business, focusing on White Label business and commercial coordination of Saxo Direct FX liquidity to institutional clients, brokerages and hedge funds.

Commenting on the news, Mr. Jakobsen said: “Today marks my last day with FTT. This is all part of a process, and I am looking forward to increase my focus on developing BMFN Prime. It has been five exciting years in Sweden - and I am sure that the team there will be doing great - they do have some really good solutions - try them.”