Boston Technologies Reports 2013 Revenue $20.5M up 38% from $14.8M in 2012

Wednesday, 12/02/2014 | 14:50 GMT by Steven Hatzakis

The technology and service provider headquartered in Boston, operating a diverse set of business lines that support online brokerage firms, reports revenues higher by $5.7 million in 2013 over the previous year.

Boston Technologies Reports 2013 Revenue $20.5M up 38% from $14.8M in 2012

Boston Technologies (BT), one of the competing providers of back-office solutions and bridge technologies that helps connect brokers with 3^rd party services and solutions including its own developed products, has announced a very successful year for 2013, according to a recent communication made to clients, highlighting an infographic the company had made to share the update. The company reported revenue at $20.5 million for 2013, and up 38% over 2012 revenue fo $14.8 million, as organizational changes had re-positioned the firm's business along with a newly launched product and business lines.

BT Revenue Excerpt from 2013 Infographic [Source: Boston Technolgies]

Through its offered products and services, the company processes significant amounts of data produced by its brokerage company customers and their respective traders, and the Analytics it is able to aggregate can reveal a number of trends which can further help optimize its business, as well as identify common challenges whether internally or indicative of a macro-industry trend, from within its micro-sample. Accordingly, the infographic the firm compiled is aimed to highlight its overview of the FX industry, sharing its perspective, and below is just one small portion of an excerpted example of data it used in the visual representation to highlight its 2013 year findings:

In addition, the compiled graphic depicted how in 2013, clients of Boston Technologies traded 44 FX instruments, 4 metals and 14 CFDs, and how driven by clients’ demand, BT's Liquidity partners, BT Prime Ltd. and Boston Prime Ltd., added USDCNH, USDMXN, EURMXN, EURTRY and USDTRY to their list of available currency pairs. Also noted was the expected launch of USDRUB, EURRUB and USDTHB at some time in 2014 to add to the existing offering available.

George Popescu, CEO, Boston Technologies

Following the announcement, Forex Magnates' reporters spoke with George Popescu, CEO of Boston Technologies, who said, "BT is becoming a more mature company and the re-organizations we did over the last year are paying off. However our focus is on innovation and in 2014 we are going to enter 2 new complete markets at least." The firm has recently overcome challenges as reported by Forex Magnates in recent weeks. A full copy of the infographic can be seen on BT's official website, along with the official press release, updated as an article written by the company's VP of Global Sales, Natallia Hunik.