Boston Technologies Reports 2013 Revenue $20.5M up 38% from $14.8M in 2012

Boston Technologies (BT), one of the competing providers of back-office solutions and bridge technologies that helps connect brokers with 3^rd party services and solutions including its own developed products, has announced a very successful year for 2013, according to a recent communication made to clients, highlighting an infographic the company had made to share the update. The company reported revenue at $20.5 million for 2013, and up 38% over 2012 revenue fo $14.8 million, as organizational changes had re-positioned the firm's business along with a newly launched product and business lines.

Through its offered products and services, the company processes significant amounts of data produced by its brokerage company customers and their respective traders, and the Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term it is able to aggregate can reveal a number of trends which can further help optimize its business, as well as identify common challenges whether internally or indicative of a macro-industry trend, from within its micro-sample. Accordingly, the infographic the firm compiled is aimed to highlight its overview of the FX industry, sharing its perspective, and below is just one small portion of an excerpted example of data it used in the visual representation to highlight its 2013 year findings:

In addition, the compiled graphic depicted how in 2013, clients of Boston Technologies traded 44 FX instruments, 4 metals and 14 CFDs, and how driven by clients’ demand, BT's Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term partners, BT Prime Ltd. and Boston Prime Ltd., added USDCNH, USDMXN, EURMXN, EURTRY and USDTRY to their list of available currency pairs. Also noted was the expected launch of USDRUB, EURRUB and USDTHB at some time in 2014 to add to the existing offering available.

Following the announcement, Forex Magnates' reporters spoke with George Popescu, CEO of Boston Technologies, who said, "BT is becoming a more mature company and the re-organizations we did over the last year are paying off. However our focus is on innovation and in 2014 we are going to enter 2 new complete markets at least." The firm has recently overcome challenges as reported by Forex Magnates in recent weeks. A full copy of the infographic can be seen on BT's official website, along with the official press release, updated as an article written by the company's VP of Global Sales, Natallia Hunik.

Related articles

• 

  STP Liquidity Seminar To Be Held By Boston Technologies At B2B iFXEXPO In Macau

• 

  Boston Technologies Launches Chinese FX Trading