Boston Technologies (BT), a leading provider of financial services and platforms for forex, commodities, CFDs and futures, has announced the opening of its newest office location in New York City, via a company statement.
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The expansionary move by BT into New York represents an attempt to culture an increased demand for its offering of services and solutions. Indeed, the New Year has been an active one for the company, culminating in surging revenues and an appearance in Macau at the recent iFXEXPO.
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According to Mitch Eaglstein, Managing Director at Boston Technologies in a statement to Forex Magnates, “Boston Technologies is a continually evolving business built on industry leading innovation and diversification. Our institutional business where we provide unique liquidity to clients trading on credit through various ECNs has gained considerable traction due to significant investments in our data center infrastructure, proprietary price engine, and growing team of quants. In fact, as of January 2014, just 18 months after launching our institutional offering, we are a top 5 liquidity provider for some of the word most active FX entities in terms of trading volume.”
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BT has molded itself into an essential construct for US forex brokers, serving as a technological bridge and reliable provider of back-office and liquidity solutions, including its landmark Boston Prime service. The new office will be located at Bryant Park and in close proximity to the New York Public Library and in one of the city’s most dynamic areas.
As such, “in order to support our rapid growth, attract top talent, and further scale our institutional business we have decided to open an office in New York, the 2nd largest financial center in Foreign Exchange. Key Account Management, Sales and our fast growing Quant team will be working from the New York office. The opening of the New York office perfectly compliment the firms overall strategy of leveraging our global reach with local offices in key markets. In the past two years the BT Group of companies has opened offices in London, Shanghai, & Tokyo and is presently evaluating several other locations,” Eaglstein added.