UFX.com, the online broker, has officially launched its platform and product range in Sweden, Norway, Finland, and Denmark according to a company statement today.
The move follows a period of rapid growth over the past 12 months, following the launch of its new ParagonEx 4.0 platform and in-house developed trader behaviour tracking technology, MassInsights, which Finance Magnates reported on after its release early last year.
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MassInsights helps traders make informed decisions by allowing them to view a pool of other traders and gain insights as to how they are trading by aggregating real-time market events with a sentiment tool about the behavior of the traders on UFX.com. The information which traders gain from the tool can then be used in combination with their own proprietary signals or on its own to make trading decisions.
Extending its footprint into the Scandinavian market is the first step of the brokerage’s expansion plans in 2017 after experiencing a highly successful 2016.
Dennis de Jong, Managing Director at UFX.com, commented: “The Nordic region has always been ahead of the curve when it comes to technology and there are some hugely talented traders in the area. There are some extremely exciting opportunities in different markets throughout the world and we have global ambitions. This is just the beginning of a significant expansion for UFX.com and the UFX brand.”