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Forexware Parent Nukkleus Cuts Monthly Software Fees for FXDD Malta

Wednesday, 14/02/2018 | 06:59 GMT by Victor Golovtchenko
  • The revenues of the publicly listed company in the final quarter of 2017 were lower by 20%
Forexware Parent Nukkleus Cuts Monthly Software Fees for FXDD Malta
FM

The parent company of Forexware, Nukkleus has reported on the outcome of the final quarter of the year in an SEC filing. The report shows that the firm reduced the monthly charge for software services it is providing to FXDD Malta.

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Total revenues for the three months that ended on December 31st, 2017 was lower by 20 percent to $4.8 million. The company has updated the monthly fee it charges FXDD Malta from $2 million to $1.6 million.[gptAdvertisement]

The company's cost of revenue for the same period was $4.73 million. The company is paying the amount to a related third party that is not publicly disclosed.

Nukkleus is a majority-owned subsidiary of Currency Mountain Holdings, which owns both Forexware and FXDD.

The parent company of Forexware, Nukkleus has reported on the outcome of the final quarter of the year in an SEC filing. The report shows that the firm reduced the monthly charge for software services it is providing to FXDD Malta.

Discover credible partners and premium clients at China’s leading finance event!

Total revenues for the three months that ended on December 31st, 2017 was lower by 20 percent to $4.8 million. The company has updated the monthly fee it charges FXDD Malta from $2 million to $1.6 million.[gptAdvertisement]

The company's cost of revenue for the same period was $4.73 million. The company is paying the amount to a related third party that is not publicly disclosed.

Nukkleus is a majority-owned subsidiary of Currency Mountain Holdings, which owns both Forexware and FXDD.

Topics
forexware
fxdd
nukkleus
About the Author: Victor Golovtchenko
Victor Golovtchenko
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
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