Finstek LLC, a marketing and technology consulting firm, has undergone a joint strategic initiative with Think Liquidity LLC, a risk management services specialist, helping foster a consolidated offering, according to a Finstek statement.
As per the partnership, Think Liquidity will help offer and push the Finstek’s Act2020 Platform for foreign exchange (FX), contracts-for-difference (CFDs), and Binary Options trading. Conversely, Finstek will see the emphasis of Think Liqudity’s Nexus Risk Engine & Liquidity Bridge, part of its broader risk management and consulting solutions suite.
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According to Jeff Wilkins, Managing Director of Think Liquidity, in a recent statement on the joint initiative, “Act2020 offers a new approach to fully hosted and managed solutions for start-up, small and mid-size brokers trying to reduce costs and IT overhead. Finstek’s Act2020 is a highly desirable solution in today’s marketplace.”
“Working with Jeff and his team is a pleasure. We have worked together for years and I know Jeff has developed some of the best out-sourced risk management and bridging solutions in the trading industry. Jeff and his team complement our mission at Finstek. Through our combined efforts, we are able to eliminate the operational burden of running a best of breed brokerage. We handle the technology, 24/7 technical IT support, risk management, trader education, dealing solutions and back office operations so our broker clients are free to focus on sales, marketing and compliance efforts,” added Ashraf Ebid, CEO of Finstek, in an accompanying statement.
Finstek recently made headlines after partnering with trading technology developer, ActTrader Technologies Inc., which saw Finstek the outsourcing of its Act2020 platform through an exclusive global agreement.