KVB Kunlun Bolsters ForexStar Platform Via Software Agreement With Banclogix

KVB Kunlun Financial Group has entered into a strategic Software License Agreement with Banclogix, a wholly-owned subsidiary of KVB Holdings, in a bid to streamline its routing service and data integration, according to a KVB Kunlun statement.

The newly forged Software Licence Agreement is for a period of three years, which helps utilize the solutions suite developed by Banclogix across KVP’s ForexStar Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. The ForexStar platform covers a variety of services and products including treasury management, FX, securities, contracts-for-difference (CFDs), and physical metals.

Additionally, the platform falls under the regulatory authority in New Zealand, Hong Kong, and Australia respectively.

The agreement is important for KVB Kunlun’s ForexStar trading platform as it will be able to draw upon Banclogix’s solutions, whereby helping to enhance its trade transactions across multiple servers, whilst handling large quantities of transactions for its leveraged foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading business.

Last month, KVB KUNLUN made headlines after it reported its financial metrics for Q3, ending September 30, 2015, which showed an impressive performance in the group’s leveraged foreign exchange (FX) trading income YoY. In particular, the group revealed an unaudited leveraged FX trading income of $17.27 million (133.9 million HK$), which represented a staunch rise of 224.1% YoY from just $5.33 million (41.3 million HK$) in Q3 of the 2014 year.