Tools For Brokers Eyes Asia Expansion, Opens Office in Bangkok

Tools For Brokers, a provider of fintech solutions to the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) and crypto industries, announced on Thursday that it has opened a new office in Bangkok. This is a part of the company’s strategy to expand its operations into Asian markets.

According to the statement, the opening of its new office was a direct response to a sharp uptick of clients in southeast Asia. As a result, the international fintech firm chose Thailand, and more specifically Bangkok - which is one of the largest cities in the region - to open its doors.

Asia is critical to Tools For Brokers’ development strategy. The firm has had a presence in the continent since 2016, with the firm operating from Shanghai, China. Until recently, this was the company’s headquarters for the Asia continent.

Commenting on the launch of the new office, Tools For Brokers’ COO Albina Zhdanova said: “opening a new regional office is first and foremost a big benefit for our customers. Every time we launch in a new location, we build a complete and localised infrastructure for customer service, with pre- and after-sales as well as technical support for users, all in their local language.”

Tools For Brokers Hints at Opening Further Offices in Asia

In addition, Zhdanova suggested that Tools For Brokers may open further offices in the future. However, no more specific details were given such as where and when.

Alexey Kutsenko, the CEO of Tools For Brokers, also added: “the opening of an office in Thailand is also a result of the uneven development of the crypto and forex industry in Asia. Strengthening our position as the world leader in our segment, we must closely monitor the changing situations of local markets in southeast Asia.

“In addition to this, our latest universal products - Trade Processor, Brokers’ Business Intelligence and PAMM tools - require careful and thorough work with customers, taking into account the specifics of their businesses.”