FDCTech, a forex and CFDs trading technology provider, has signed Singapore-based Grentone Meta Solutions to distribute its Forex and CFD trading platforms in Asia.
Grentone Meta Solutions is a business and technology consultant. It owns a subsidiary called Greenstone Management Ltd, which is domiciled in St Vincent and Grenadines. The company, which has also offices in China and Turkey, helps trading brokers set up their businesses, obtain the necessary licenses and onboard clients.
FDCTech’s flagship product, Condor FX Pro, provides an institutional trading suite for professional clients with proprietary charting tools, advanced order types, level II pricing, and instant entry and execution.
“We plan to distribute the Condor suite of FX software solutions to traders, fund managers, and brokers in the greater Asian Pacific Region. Grentone, internally, will use the fully integrated Condor FX Pro platform solution for proprietary trading and manage proprietary cash and assets. Greenstone Management (SVG) Limited will facilitate the clearing of multi-asset class margin trading on the regulated Asian markets,” said Grentone’s CEO, Samuel Tay.
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Condor FX is fully integrated into a native back office, reporting, and management technology, as well as desktop GUI, webtrader, and mobile terminals.
FDC Founder and CEO Mitch Eaglstein said last year he expects the latest edition of the platform, Condor FX Pro 5.0, to be an alternative to Metatrader, adding that they already signed licensing agreements with many financial institutions even before its roll-out.
FDCTech, formerly known as Forex Development Corporation, also has an API integration with one of the leading bridge and institutional liquidity providers, PrimeXM. This includes an ongoing partnership that works on low-latency processing of financial transactions, harnessing PrimeXM’s proprietary order routing service, the XCore.
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.
“We plan to market and distribute our trading technologies in Asia using such strategic partnerships as COVID-19 pandemic is fueling a surge in currency trading by retail investors,” notes Eaglstein.