KVB Kunlun Financial Group has entered into a strategic Software License Agreement with Banclogix, a wholly-owned subsidiary of KVB Holdings, in a bid to streamline its routing service and data integration, according to a KVB Kunlun statement.
The newly forged Software Licence Agreement is for a period of three years, which helps utilize the solutions suite developed by Banclogix across KVP’s ForexStar trading platform. The ForexStar platform covers a variety of services and products including treasury management, FX, securities, contracts-for-difference (CFDs), and physical metals.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
Additionally, the platform falls under the regulatory authority in New Zealand, Hong Kong, and Australia respectively.
The agreement is important for KVB Kunlun’s ForexStar trading platform as it will be able to draw upon Banclogix’s solutions, whereby helping to enhance its trade transactions across multiple servers, whilst handling large quantities of transactions for its leveraged foreign exchange trading business.
Last month, KVB KUNLUN made headlines after it reported its financial metrics for Q3, ending September 30, 2015, which showed an impressive performance in the group’s leveraged foreign exchange (FX) trading income YoY. In particular, the group revealed an unaudited leveraged FX trading income of $17.27 million (133.9 million HK$), which represented a staunch rise of 224.1% YoY from just $5.33 million (41.3 million HK$) in Q3 of the 2014 year.