The institutional broker, Swiss Finance Corporation has announced today it is expanding its service to offer spread betting to UK clients and small FX investors on a global basis.
The London-based FX trading firm has partnered with Ariel Communications to deliver this new strategy, having selected Ariel’s iTrade platform following what it described as a comprehensive review of the market.
The recently launched iTrade offers trading of margin FX, CFDs and financial spread betting. The multi-asset trading platform is built on a modular system and therefore can be customized to meet specific client requirements. The web and mobile versions of iTrade will be available to Swiss Finance clients by the beginning of Q2 2014.
Hakan Barlas, Director at Swiss Finance Corporation, explained the new strategy in the announcement: “Until now we have focused exclusively on tier 1 clients and have developed a loyal client base consisting of institutional investors, FX funds and small banks. As we looked to expand, we decided to have a complete offering for smaller investors who will be able to access our FX trading services including a spread betting option for the UK market.”
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Mr. Barlas further commented on the selection of the platform: “We assessed our options by talking to a number of technology partners in this space and were impressed by Ariel’s experience as well as their willingness to adapt their platform to suit our specific needs. They are an innovative company with a strong heritage – an ideal partner for our current and future needs.”
Ariel Communications Ltd has been developing spread betting and foreign exchange software systems since 1995, offering financial institutions individual integrated trading software components or entire trading platforms as “turnkey” solutions.
Simon Cox, CEO of Ariel, commented on the announcement: “Swiss Finance Corporation has a strong reputation and is committed to investing in dependable, state-of-the-art technologies. We are delighted they have chosen our platform and look forward to a long-term partnership with them.”
Screenshot of the Swiss Finance Corporation New Retail FX Platform: