Financial Commission Certifies XCritical’s Technology Suite

The certification of Xcritical’s product suite followed a lengthy review process by FinaCom.

The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has certified XCritical and its product suite, including XCritical Trading Platform, Xcritical CRM, and XCritical Analytics, according to a FinaCom statement.

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Xcritical is a software development company that focuses on a number of solutions for the foreign exchange (FX) industry, catering to both small and large e-trading service providers. The company traces its roots back to a partnership with Deltix, a software provider.

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The certification of Xcritical’s product suite followed a lengthy review process that evaluated a number of technical information requirements. This included a list of points to independently verify its system security capabilities, capacity, business disaster recovery and continuity plan, as well as its concessions to reporting and record keeping.

Product Overview

For its part, Xcritical’s trifecta of products boasts a high degree of versatility for FX groups – its trading platform allows clients to trade from any devices worldwide, whilst aggregating live data streams, built-in charts, fund deposit options, as well as an integration within Xcritical CRM.

Moreover, Xcritical CRM allows for the management of multiple business processes and life cycles in one system, emphasizing marketing activity, sales-force pipelines, back-office administration, business analytics, and real time risk management. Finally, Xcritical Analytics provides executives with a new tools such as real-time overview of the business in order to increase profits and risk management techniques.

FinaCom made headlines earlier this month after it welcomed MaxiMarkets and Umarkets as its newest members. MaxiMarkets and Umarkets were the latest members to seek the services of the Financial Commission and join a diverse range of online brokerages and independent services providers (ISPs) that are currently on its growing list of approved members.

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