The Financial Commission (FinaCom) has certified the offering of FDCTech, a forex and CFDs trading technology provider, which was added as an approved service provider to the commission’s partner section.
The certification of FDCTech followed a rigorous review process to evaluate technical information requirements within the trading solutions. 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.
With the new approval, FDCTech, formerly known as Forex Development Corporation, can now offer their solutions to Finacom’s broker members
As the global financial spectrum is increasingly shifting toward some level of crypto and blockchain adoption, FDCTech has consequently modified its branding, to illustrate the company’s commitment and determination to develop blockchain-related technologies.
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Earlier this year, Forex Development Corporation (FDC) has rebranded to FDCTech Inc. and has not refrained from adjusting its agenda to reflect the growing global demand for the crypto technologies. At the time, it said the new name highlights its business goals to expand the suite of services in the cryptocurrency for FX brokers and other market participants “looking to capitalize on the adoption and acceptance of digital currency.”
Before that, the New York-based company has been recognized across the industry as a provider of technology packages that equip companies to operate as prime brokers.
Also in August, FDCTech was granted a public listing status by the Securities and Exchange Commission (SEC), which is often is used by companies to register their securities before they go public.
Commenting on the news, Financial Commission Chairman Peter Tatarnikov said: “Our organization is always interested in providing our broker members with leading technology and software solutions so they may further improve their business processes. In this regard, we are pleased to partner with FDCTech to help our members achieve operational synergies and introduce robust technology solutions to improve their business.”