Summit Brief: Startups Take the Spotlight on the Innovation Stage

The 2014 Forex Magnates London summit has already gotten underway at the Grange St. Paul’s Hotel in the heart of

londonThe 2014 Forex Magnates London Summit has already gotten underway at the Grange St. Paul’s Hotel in the heart of the City. Day 1 of the two-day conference featured a number of firms focusing on industry innovations.

A total of ten firms participated in the Innovation Panel, separated into startup and veteran operations. Part two of the panel focused exclusively on startups.

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Centroid Solutions Ltd

1The Zurich-based tech provider specializes in a number of risk management solutions, the chief of which is the Centroid24, a platform that effectively fosters widely utilized risk management standards with streamlined trade data among other tools.

Centroid’s product offering also caters to risk managers and customers seeking open interest aggregation, accounts profiling, revenue and cost breakdowns, and a comprehensive orders management station.

According to Rani Sawaf, CEO of Centroid Solutions, during a statement at the Panel, “Centroid24 aggregates all future contracts utilizing effective risk management through instant optimization orders for specific risk-defined limits.”

Normann

Normann is a freshly launched tech provider based out of London that grapples with both behavioral science and machine learning capabilities to offer optimized trader decisions in an exciting new format.

2Given the constant spectrum of behavioral change in trading patterns, Normann allows traders to free themselves from what can sometimes amount to costly biases or emotions. Its landmark platform helps bolster market knowledge and risk controls for the most effective decisions, independent of behavioral change.

“The best trades in the world don’t risk enough and the worst traders risk way too much. Volume is your business’ life blood,” commented Francis Larson, CEO of Normal, during the panel.

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Qubitia Solutions S.L.

3Spanish-based Qubitia Solutions S.L. is a tech provider offering a wide range of software solutions targeting multiple investment realms – the company’s marquee trading platform and product is Qcaid.

Qubitia‘s Qcaid is a versatile trading platform that affords users a multitude of automated strategies for users. Thanks to its innovative design, traders can implement their ideas abstaining from lengthy coding lines and instead relying on the platform’s user-friendly interface.

Tradimo Play ApS

Tradimo play is a newly launched company whose gamification tools extend trading to millions of gamers and learners, ranging from beginner to the long-term enthusiast.

4The company’s tradimo play mobile app has already garnered substantiated interest from some of the industry’s largest brokers, allowing for full licensing via selected brokers.

“The median age of the FX trader is 35 and there certainly is a convergence of the target groups. However, FX today looks a bit like work and we are not making it easy for them. We can get people interested into something new,” noted Sebastian J. Kuhnert, Co-Founder of tradimo play, during a statement at the Innovation Panel.

EXGATE

5EXGATE is the industry’s first Electronic Exchange Commodity Network  which supplies a self-regulated and secure interface for Bitcoin and other cryptocurrency trading.

Last year alone, nearly $500 million was spent on Bitcoin innovation and infrastructure for companies, which serves as a testament to the popularity of the industry itself. EXGATE utilizes a turnkey solution to myriad financial institutions including banks, brokerages, exchanges and a variety of funds.

EXGATE’s low latency capabilities are fully compatible with all trading systems, Android, IOS, etc.

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