The PAMM system allows investors to allocate funds to professional traders who manage the funds on their behalf.
The two companies are open to expanding their partnership in the future.
Tools for Brokers (TFB) and CFI Financial Group have entered into a strategic partnership, under which the brokerage platform will integrate the technology provider's PAMM system into its offerings. Announced today (Wednesday), CFI will also incorporate various plugins from the TFB Toolbox to enhance its workflows.
A Push to Increase Trading Volume
PAMM, which stands for Percentage Allocation Management Module, is a trading system that allows investors to allocate funds to professional traders who manage the funds on their behalf. It is commonly used in forex and CFD trading. Profits or losses from the manager's trading are distributed among investors based on the percentage of their contributions.
According to TFB, PAMM services allow brokers to increase trading volumes and expand their client base. Recently, the company also upgraded its PAMM money management solution, introducing unified login credentials and enhanced privacy features for traders and investors.
“Integrating TFB's PAMM system and toolbox plugins into our services enables us to refine certain operational processes and client interactions,” said Samer Raad, Global Head of Dealing at CFI Financial Group. “This addition brings enhanced functionality in specific areas, aligning with our commitment to providing top-tier online trading solutions.”
A CFD Giant in the Middle East
CFI originated in Lebanon but is now headquartered in Dubai. The broker has a strong grip on the Middle Eastern retail trading industry, as demonstrated last year when the trading volume on the platform surpassed $1 trillion in the third quarter of 2024.
“TFB PAMM is adding a missing piece to their service offering, and we’re excited to continue working on integrating both PAMM and the rest of the TFB ecosystem further into their environment,” said Michael Levine, the Head of TFB UK and UAE. “We look forward to expanding our partnership and growing together with CFI.”
Tools for Brokers is a trading industry technology provider offering turnkey solutions to brokers. Its clients include retail brokers, hedge funds, and prop trading firms. It has partnered with companies like SALVUS Funds, Devexperts, and Broctagon to enhance its solutions.
Apart from the PAMM and Toolbox, the company is also enhancing its offerings for prop trading platforms. Last year, it added a cTrader package tailored specifically for prop platforms.
Although many CFD brokers, including OANDA, Axi, Trade.com, and IC Markets, are now offering prop trading services, CFI has yet to enter this growing and unregulated niche.
Tools for Brokers (TFB) and CFI Financial Group have entered into a strategic partnership, under which the brokerage platform will integrate the technology provider's PAMM system into its offerings. Announced today (Wednesday), CFI will also incorporate various plugins from the TFB Toolbox to enhance its workflows.
A Push to Increase Trading Volume
PAMM, which stands for Percentage Allocation Management Module, is a trading system that allows investors to allocate funds to professional traders who manage the funds on their behalf. It is commonly used in forex and CFD trading. Profits or losses from the manager's trading are distributed among investors based on the percentage of their contributions.
According to TFB, PAMM services allow brokers to increase trading volumes and expand their client base. Recently, the company also upgraded its PAMM money management solution, introducing unified login credentials and enhanced privacy features for traders and investors.
“Integrating TFB's PAMM system and toolbox plugins into our services enables us to refine certain operational processes and client interactions,” said Samer Raad, Global Head of Dealing at CFI Financial Group. “This addition brings enhanced functionality in specific areas, aligning with our commitment to providing top-tier online trading solutions.”
A CFD Giant in the Middle East
CFI originated in Lebanon but is now headquartered in Dubai. The broker has a strong grip on the Middle Eastern retail trading industry, as demonstrated last year when the trading volume on the platform surpassed $1 trillion in the third quarter of 2024.
“TFB PAMM is adding a missing piece to their service offering, and we’re excited to continue working on integrating both PAMM and the rest of the TFB ecosystem further into their environment,” said Michael Levine, the Head of TFB UK and UAE. “We look forward to expanding our partnership and growing together with CFI.”
Tools for Brokers is a trading industry technology provider offering turnkey solutions to brokers. Its clients include retail brokers, hedge funds, and prop trading firms. It has partnered with companies like SALVUS Funds, Devexperts, and Broctagon to enhance its solutions.
Apart from the PAMM and Toolbox, the company is also enhancing its offerings for prop trading platforms. Last year, it added a cTrader package tailored specifically for prop platforms.
Although many CFD brokers, including OANDA, Axi, Trade.com, and IC Markets, are now offering prop trading services, CFI has yet to enter this growing and unregulated niche.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Retail FX Deposits Drops 3.6% as IG US Posts Sharp November Decline
Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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How Modern Consumer Habits Are Transforming Global Payments
How Modern Consumer Habits Are Transforming Global Payments
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
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Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
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