AXI Taps FYNXT for Launching MAM/PAMM Accounts

The FX and CFDs broker, AXI announced on Wednesday its partnership with Singapore-based fintech FYNXT (previously known as Simple2Trade) for extension of its offering with the launch of the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Managed Accounts Services (MAM/PAMM) platform.

Additionally, the broker is stressing features like enhanced administration automation, flexible fee management and precision in asset allocation for the newly-added services.

Commenting on the offering, AXI’s Chief Commercial Officer, Louis Cooper said: “We’ve long understood the limitations of traditional MAM and PAMM offerings out there; as the industry evolved to address the money and fund management sector, technology enhancements have been only piecemeal, incremental and so too, the business benefits.”

Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Tech Infra Is Dominating

The new services of the broker are based on the cloud-based technology infrastructure of FYNXT.

“A seriously in-depth understanding of the peculiarities and nuances within the 'managed' sector was key for me; once we had nailed this, killer technology from our friends at FYNXT in Singapore would be the enabler for us to continue offering our clients the trading edge,” Cooper added.

FYNXT, which was recently rebranded, offers vertically integrated digital platforms that are available in both SaaS and licensed formats. In addition, it boasts its services to have the advantages of minimal services cost, ease of use, almost infinite scalability and accelerated time to market.

“Anything we can do to help our clients better serve their clients is what drives us,” said FYNXT’s Singapore-based CEO, Aeby Samuel. “We are immensely proud of our latest Social Fund Management offering and if preliminary feedback from our early clients is any guide, we look forward with a high degree of confidence and excitement.”