Forex Development Corporation, a New York-based technology provider of foreign exchange prime brokerage (FXPB) solutions, received a strategic investment from Krypton Capital.
The amount of the deal was not disclosed.
The company intends to use the funds for software development and market reach expansion.
Led by Mitch Eaglstein, CEO, FDC provides customizable B2B offerings which allow brokers of all sizes to license its technology to develop prime brokerage offerings that offer MetaTrader 4 integration, advanced profitability analytics in real-time, flexible introducing broker (IB) rebate structures, and allotment of custom development hours to provide customer service and individualized platform solutions.
FinSMEs
15/11/2017