Hummingbird, a Berlin and New York based technology provider, has extended its mobile trading solution to FCA-regulated FX and CFDs broker Valutrades, which will offer brokerage services for the app users under the new partnership.
Valutrades is a provider of foreign exchange (FX) and contracts-for-difference (CFD), having integrated Hummingbird’s mobile trading tools as part of its newest product offering for clients. The launch coincides with the participation of Valutrades’ CEO Graeme Watkins in the Finance Magnates London Summit 2017, which will feature a wide range of panels, discussions and seminars, coupled with workshops across the cryptocurrency, retail, and institutional FX fields.
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The new product breaks ground on two fronts. First, it delivers a new custom designed mobile experience for Valutrades clients, enveloped in a modern feel that appeals to a broad market. Second, it demonstrates the power and potential of a new cooperation model, which combines the technology providers’ innovation with the regulatory and operational expertise of FX brokers.
The partnership is forecasted to also help customers expedite deployment of secure mobile apps, especially in highly regulated industries and jurisdictions such as financial services in the United Kingdom.
Hummingbird has made inroads in the financial services industry for its reliance on a completely independent trading platform which allows users to open an account, pass KYC, deposit, withdraw and trade seamlessly from within the application. The app provides accurate charting, indicators, real-time data from and access to liquidity markets.
Commenting on the news, Graeme Watkins, CEO of Valutrades, said: “From the first moment I saw the Hummingbird mobile app it was clear it was a different class to the multitude of MT4 copycat apps. It has a great modern feel and appeals to a very broad market of potential clients. Rather than simply another way for our existing clients to execute transactions, Valutrades sees this as the gateway to a much wider audience. We have been working hard with the team at Hummingbird to ensure that our market leading products and professionalism translates fully to their mobile app”
John Krehbiel, co-founder and CEO of Hummingbird, noted: “Our vision is to make the foreign exchange markets and trading in general accessible, intuitive and mobile by building state of the art technology. Valutrades is the perfect partner for Hummingbird due to their reputation, regulatory and brokerage experience. We strongly believe that the combination of our technology and with Valutrades’ expertise will lead to strong growth by offering existing traders newer and faster technology, and new traders the security of trading with a trusted broker.”