PFSOFT’s Protrader Selected by Prime Broker Maybank Kim Eng Securities

PFSOFT, a developer of trading software for a wide range of market participants, today announced its partnership with Maybank's Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term arm, part of investment banking unit Maybank Kim Eng Holdings Ltd, to give its clients access to global equity and derivatives markets using Protrader.

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The Protrader platform provides Maybank Kim’s clients with an advanced front-end terminal incorporating all the tools for trading the full range of products, including equities, equity contracts for difference/swaps, fixed income, futures and foreign exchange.

PFSOFT’s flagship platform Protrader can be integrated with various functional APIs to offer a multi-asset trading solution for all major markets including: equities, futures, options, 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, CFDs and spread betting.

The group caters to a wide range of market participants, including multi-market brokerages, white label and technology providers, local marketplaces, and also funds and proprietary trading shops.

Commenting on the partnership, Andrew Gee, Head of Institutional Sales for Prime Services of Maybank Kim Eng in London, said: "The integration with Protrader demonstrates Maybank Kim Eng's commitment to providing our broker-dealer and fund clients the freedom to choose and use best of breed platforms when accessing our prime brokerage services."

Roman Nalivayko, Global Head of Business Development at PFSOFT, added: "It's well known execution is one of the key elements of a multi-asset business. With this integration, all of our existing clients as well as those who plan to implement Protrader can now access all of the major equity and derivative markets including US, Europe and Asia using one single and trusted counterparty."

PFSOFT made headlines last month after it announced that starting 2017, it will change the way end users can access its Protrader Multi-Connect (PTMC) platform. The fintech developer will begin using a new system of licenses in what the company calls a logical step towards the further development of the trading terminal.