Brokerage. Blockchain. Buzz.Welcome, find all things buzzing on board at Broctagon’s blog! Here you’ll find the latest in blockchain news, exciting event highlights, insightful thought leadership in forex and crypto, and more. Be the first to know all about our events and most innovative tech updates – all in one space.
Broctagon returned to Thailand once again for the internationally acclaimed iFX Expo Asia 2023 from 20-22 June 2023 at Centara Grand & Bangkok Convention Centre at CentralWorld. After a successful launch for the first time in Bangkok in 2022, this year’s immersive event set a new benchmark, bringing together over 100 speakers and 3,000 attendees for 2+ days of networking and knowledge sharing. The iFX Expo proved to be a dynamic platform for engaging in vibrant and innovative discussions, where industry leaders and influencers came together to shape the future of the FX market. Broctagon: More than just a Full Suite FX Solutions Provider We started with a dream to bridge the gap for highly tailored FX solutions that add tangible value to Forex Brokers. 14 years and hundreds of brokers later, we revisit the question – What is Broctagon? Our team at iFX Expo Asia shares their answers. With a strong focus on business integrity, radical innovation, freedom to customize and a collaborative clan culture, Broctagon is the trusted partner for turnkey FX solutions, catering to the needs of brokers worldwide. We’ve got your back, always. The Complete FX Broker Turnkey Solution - Trading Platform, CRM & Liquidity fully integrated As the leading full-suite FX solutions provider in Asia and a longstanding partner of iFX Expo for over 8 years, we were greeted with many familiar faces and grateful for the overwhelming response and significant interest in our products and offerings – especially with the launch of the ZeroX Trader. Fully integrated and optimized with our proprietary CRM and Multi-Asset Liquidity, Brokers with the ZeroX will instantly be able to offer more than 1800 financial instruments such as Forex, Commodities, Shares, Indices, Futures and Crypto CFDs in a safe and secure environment. Coupled with the industry’s most powerful AXIS FX CRM, Brokers can leverage sophisticated data tools and multi-tiered IB and affiliate system to expand their business rapidly. The ZeroX trading platform answers the industry’s need for an alternative trading platform that is simple yet powerful. ZeroX easily supports the seamless migration of all trading activity including open positions and history from any other trading platforms. Thank you for visiting our booth. We treasure every conservation as inspiration that drives our innovation and improvement. If you wish to explore any of our solutions, our team of specialists is always at your service and ever willing to share our extensive knowledge, resource, and network. Your success is our motivation, let’s talk! An Exclusive Interview with FX168 At the expo, we had the opportunity to sit down with renowned financial news media outlet FX168 for an exclusive interview on how we stay competitive, relevant, and innovative. Our Sales Director, Sy Jinn gave insights into our journey to becoming a recognized name and premier solutions provider, being one of the few providers in the forex industry to have a long-established history of more than a decade. Watch the full interview here Read More: Interview with FX168 Missed Us at iFX? We are Online 24/7. Didn’t manage to attend iFX Expo Asia 2023? No worries. Schedule an online meeting with our specialists anytime to chat with us about your FX Broker needs. Our team of experts is fully prepared to offer personalized guidance and address any inquiries you may have. Whether you intend to customize our solutions specific to your business needs or explore potential avenues for expansion, we are excited and always ready to tailor effective solutions just for you!
Understanding the differences between a Straight-through-processing (STP) and Market Maker (MM) broker.
We are excited to be returning to Thailand once again for the internationally acclaimed iFX Expo Asia 2023! This premier event brings together over 100 speakers and 3000 attendees for 2+ days of networking and knowledge sharing.
Broctagon Fintech Group, an award-winning multi-asset liquidity and technology provider, has partnered with Convrs, a leading provider of omnichannel messaging solutions for FX and CFD brokers. The collaboration will enable FX brokers to seamlessly integrate with the Convrs omnichannel messaging platform through Broctagon’s AXIS FX CRM marketplace. With its IB-centric module at the core, the AXIS FX CRM offers a range of advanced affiliate tools, and the addition of Convrs' messaging solution is expected to enhance lead generation and client conversion performance. Convrs' technology integrates messaging apps like WhatsApp, Telegram, Messenger, LINE, SMS, and Web Chat into the customer journey of companies, allowing them to meet their customers where they already are. "With the proliferation of smart devices, traders are becoming increasingly mobile. That is why Broctagon’s AXIS FX CRM was designed to allow traders seamless management of all their trading accounts and affiliate campaigns in one powerful App, anytime, anywhere,” said Ted Quek, CTO & Co-Founder of Broctagon Fintech Group. "Now, coupled with the convenience that Convrs brings with an array of social messaging channels directly integrated within AXIS, FX brokers will find it even easier to engage traders, expand outreach, hasten sales conversion and reduce support turnaround time." "Complementing the strong boost in customer management efficiency that Broctagon’s AXIS FX CRM enables for brokers, Convrs enables effective customer engagement by building a direct link between brokers and traders through popular messaging apps. This powerful fusion of technology allows brokers to achieve a whole new level of engagement, derived from innovation and responsive adaptation to customer preferences in the digital era," added Enis Mehmet, Co-Founder of Convrs. Combining their expertise, Broctagon and Convrs enable brokers to engage with their clients using the channels they live by, providing a personalized customer engagement platform that will be an asset in today's fast-paced and competitive Forex/CFD industry. This partnership will undoubtedly transform the way FX brokers conduct their business, providing them with a competitive edge in an industry where customer engagement is paramount.
Broctagon has introduced a brokerage CRM for cTrader with its integration into the proprietary FX brokerage customer management system– AXIS.
Broctagon’s Chief Technology Officer (CTO) and co-founder, Ted Quek, was recently invited to a sharing session at the National University of Singapore (NUS), where he detailed his experience of starting Broctagon Fintech Group with the students, and his journey of bringing it to the global presence it is today, with offices in 7 countries, and serving clients from over 50 countries. Big thanks to assistant dean, Associate Prof. Huang Ke-Wei, who organized this rare opportunity for the university’s new Masters’ Programme for Digital Financial Technology. Speaking to the young minds at the programme, Ted shared about how Broctagon started from its liquidity business more than ten years ago and how it expanded over the years to become the premier turnkey solutions provider. Today, Broctagon offers a full suite of forex brokerage solutions: industry-leading trading platforms, proprietary brokerage CRM, blockchain development and multi-asset FX and crypto liquidity. He shared that it is this expansion into a turnkey fintech hub that led Broctagon on its path to success today. As the CTO, Ted emphasized his focus on having a strong technological infrastructure, which he feels is the backbone of a successful FX brokerage business, and thus is what he has steered Broctagon’s solutions towards. Broctagon’s mission has always been to streamline and elevate brokerages by equipping brokers with the means necessary to attract clients, exceed performance expectations and redefine industry standards. With his experience in the financial markets and understanding of brokers’ needs, Ted led the technology and innovation teams to produce reliable trading systems, coupled with sophisticated risk management and security infrastructure – all crucial to build trust with clients and ensure long-term success. He discussed about the evolving needs of the forex market, from the importance of providing deep liquidity to diversify risk and reduce volatility, to having an FX CRM that can onboard traders efficiently and manage affiliate network expansions. Responding to some questions by students, Ted gave some insight on the operations of a forex brokerage, how it handles day-to-day operations, clients, risk management, trade executions and compliance. All of which Broctagon needs to understand and anticipate as a technological provider, in order to provide first-class service and solutions. The NUS Fintech students had a glimpse into valuable real-world experiences into possible careers in the dynamic and rapidly evolving fintech industry. Finally, Ted concluded by highlighting the importance of building a culture of innovation and continuous improvement within a company. He stressed the need for companies to constantly adapt and evolve in response to changing market conditions and technological advancements, a motto that has helped put Broctagon at the forefront of Fintech.
In this latest version update AXIS CRM V6.2, we are pleased to announce the latest platform integrations that will allow more customization, flexibility and streamlining of processes in trader management. We also introduced other new functionalities that would improve networking capabilities and optimization for brokerages.
You might be interested in starting a business in the world's biggest financial market - Forex. But where to start? There are mostly 2 options: Building a brokerage from scratch, and to start a forex brokerage with a white label.
In this latest version update AXIS CRM V5.15, we are pleased to announce the launch of a game-changer for FX brokerages using AXIS – the Progressive Web App (PWA) client portal. We also introduced other updates that would improve dynamic customization and control for brokers to onboard new users. Progressive Web App (PWA) We have launched the progressive web app (PWA) for brokers, introducing a stunning combination of rich functionality and the smooth user experience associated with native apps, while also offering seamless compatibility. The PWA will mimic navigation and interactions of a native app, allowing brokers to implement dynamic functionalities without requiring any complication installation process. The PWA will bring a host of advantages to brokerages and their clients: Full Responsiveness and Browser Compatibility: PWAs work with all browsers and are compatible with any device, delivering the same experience to tablet and mobile users as well. The PWA is built according to progressive enhancement, a web design strategy that provides functionality and content regardless of types of browsers while delivering more sophisticated page versions to users whose newer browsers can support them. Connectivity Independence: Progressive web applications can work both offline and on low-quality networks and delivers basic functionality regardless of connectivity. Easy Updates and Installation: Apps can be shared through a URL instead of having to download it only from the app store. The installation is simple, traders can now install the client portal desktop app from their browsers. Here’s how you share the PWA for different operating systems and devices: For Apple iOS Devices Safari browser: The installation window cannot be set to automatically pop up. Users can click the "Share" button and select "Add to Home Screen" from settings Chrome and Edge browsers: Similarly, the installation window cannot be set to automatically pop up. The PWA cannot be added to the desktop through these browsers, as iOS system does not allow this permission to third-party applications. For Android Devices For Chrome and Edge browsers: Different mobile phone brands may behave differently. The following brands have been tested: OPPO, Xiaomi: The installation window pops up, and PWA can be installed on the desktop. HUAWEI HarmonyOS: The installation window pops up, users can manually add it to their desktop. Dynamic KYC Forms We have also introduced dynamic KYC form settings to introduce a more seamless and efficient onboarding process for different categories of clients that may require different sets of KYC information. Admins can now add multiple KYC forms under the ‘KYC Settings’ in the ‘KYC Dynamic Form’ tab. Field descriptions can now be added on the ‘Form Type Settings’ page to provide clarity for forms and their functions for internal teams. Admins can edit, disable, or delete the forms from the same page. We have added a preview function in the ‘Display Mode’ for documents uploaded to ‘KYC Dynamic Form’. The only formats not supported are .txt, .xlsx and .docx. On the client portal, users will get the option to select the relevant KYC form before submitting it. The trader registration process is optimized to 4 steps to greatly reduce sign-up friction. Client Management A new ‘tasks’ function has been added to allow brokers to better manage clients and structure their internal processes by creating tasks and to-do lists. Here is the new ‘Tasks Settings’ page, which shows an overview of all pending tasks assigned, follow-up needed for clients and their priority status. Tasks will also show up on a specific client’s page, and admins can add new tasks where needed. Tasks can also be set to follow up on a ‘Leads’ page, so that no potential leads are lost.Permissions can be configured for different admin levels such as ‘Read Tasks’ and ‘Add Tasks’. Types of admin-data permissions include: Company Wide: View all tasks assigned to company-wide on the list, and client and lead details pages. All Referred Clients: View tasks assigned to all subordinate users on the list, including client and lead details pages. Directly Referred Clients: View tasks assigned to direct subordinate users on the list, including client and lead details pages. Time stamps have been added to ‘Follow-up Record’ to allow client follow-ups to be better managed. Automated System Tags For certain event-trigged actions, the CRM system can now tag these actions automatically, allowing admins to sort and view account actions clearly. These events are: ‘Deposited’: The trading account or wallet has made its first deposit ‘Account Opened’: The trading account has been opened or bound to a client ‘Traded’: The bound trading account has a opened a position or created a trade history These system tags are also added as a new field in the filters for the ‘Client’ list, where admins can check and filter accounts that have performed specific actions, in order to follow up with them. The filtering system has also been enhanced to filter by ‘Trading Account’ and ‘Lead Source’. Deposit Settings We have added an automatic retry function in the event of a deposit auto-approval failure. Admins can trigger this function by checking “Automatic retry on audit failure” to allow the system to automatically retry failed approval requests. This function allows the system to automatically attempt re-approval in the event that the MT connection is unstable and causes deposit auto-approval to fail initially. Caution: When the system automatically retries deposit approval, it checks the trading platform’s database for the corresponding deposit records. However, in abnormal situations, if the database fails to sync the correct result, this will result in duplicate deposits. Brokers will then have to manually withdraw the incorrect funds or consider disabling this function. It is highly recommended that brokers using this function continuously perform account reconciliation to detect duplicate deposits. Retry settings: If the option ‘Automatic’ or ‘Partial Approval’ has been selected, and the ‘Automatic retry” box is checked, the system will perform a deposit retry on the failed records every 30 minutes for records within the hour. Notification settings: Admins can configure settings to send notifications to selected parties in the event of an automatic verification failure. A description field has been added to online deposit method in ‘Deposit Settings’. Users can now configure a time range according to time zones for their ‘Daily Deposit Settings’. Automated Affiliate Tier Upgrade As the core of the AXIS CRM, the multi-tier affiliate system has received another major upgrade. With the new automated tier upgrade function, affiliate promotions can now be self-triggered upon criteria fulfilment, allow brokers and IBs to manage their affiliate networks much more efficiently. Tier Upgrade Settings: Affiliate network tiers can now be upgraded automatically via a sophisticated rule-setting algorithm. Simply create a new rule and set the relevant parameters in which a client’s tier should be upgraded. When these criteria are met, the upgrade happens automatically with no manual administrative process required. Tier Upgrade Reports: Reports can be generated for an in-depth overview of clients and their current tiers, network hierarchy, their new upgraded tiers and more. A time range function has been added for which client reports can be viewed. Limits can be set for a number of weeks or months, and further segregated by levels of referred clients. Client Portal Client Dashboard(i) For quicker navigation, shortcuts to frequently-used functions have been added to the dashboard, so that clients can click on the icons to access them. (ii) An overview chart of the user’s ‘Total Balance’ in the last month can also be viewed from the dashboard. My ClientsClient data has been streamlined with a detailed ‘Client Distribution’ table, sorting number and percentage of clients by country. CommissionAn overview chart of the user’s ‘Commission’ in the last month can be viewed from the Referral tab. Exchange RateIf the exchange rate has been changed, a prompt will now appear when clients attempt to make a deposit, transfer, or withdrawal, to keep them informed and updated. Sign Up Free Trial Book a Demo
“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple.
Singapore, September 14, 2021: Fintech solutions provider, Broctagon Fintech Group, today launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry. WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework. Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within their orderbook, limiting their offerings and therefore prices to the participants within. The eponymous WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow. Instead of being confined to local orderbooks which may represent less than 1% of the total industry, exchanges now gain access to 85% of the market. This is made possible by the NEXUS 2.0 aggregator, the driving engine that powers the WorldBook with SOR (Smart Order Routing), which allows for global price discovery and best bid and offer. Don Guo, CEO of Broctagon Fintech Group “Despite the gaining acceptance of crypto, it remains a “wild west” with no dominant technology or standard in which it operates. With the WorldBook’s price aggregation, we found that bitcoin had an average negative spread of USD$10, even amongst the major exchanges. This means that with over USD$15.5 trillion in trading volume over the past year, traders could have saved USD$5.7 billion in spreads and this is for bitcoin alone, which is already the most efficient and liquid digital asset. The price disparity could only be worse for the thousands of altcoins across many smaller exchanges.” said Don Guo, Co-Founder and CEO, Broctagon Fintech Group highlighting the issues. “We engineered the WorldBook infrastructure taking a page from the fundamentals of FX interbank liquidity. With our experience as a regulated FX liquidity provider, we believe the Prime of Prime (PoP) model has the potential to disrupt the industry and increase crypto trading volumes by more than 400% in the near future.” The WorldBook is part of Broctagon’s commitment to propel the crypto industry towards regulatory compliance, adoption, and maturity. As Singapore looks to be a poster child for the crypto industry with its welcoming policies, the homegrown fintech company seeks to support this national agenda. Exchanges are welcome to connect to the WorldBook for free. The advantages for exchanges include an evident increase in volumes and a decrease in bid-ask spread amongst others. For example, the BTSE exchange experienced an eight-fold increase in trading volume, surpassing 10,000 trades across six crypto pairs within the first month. “Liquidity challenges exist for newer and established exchanges alike. The former requires extensive capital for marketing to capture enough users for a liquid orderbook while the latter often pay hefty fees for external market maker services to drive profitability. The WorldBook is a solution for both. With universal prices and unprecedented depth, exchanges can focus on other aspects of the business to bring further value to their clients.” said Don. Shadab Taiyabi, President of Singapore FinTech Association “We congratulate Broctagon, which is one of our active members, on their launch of the WorldBook. The growth of our FinTech ecosystem is a collective effort of all members of the community, fintech and financial institutions alike,” said Shadab Taiyabi, President of Singapore FinTech Association, a cross-industry non-profit initiative recognised by the Monetary Authority of Singapore. Globally, crypto exchanges that are not within the top 3 percentile account for only less than 10% of total trading volume, according to data derived from CoinGecko. With its symmetrical flow of liquidity, the WorldBook levels the playing field for newer exchanges to contend and explore new frontiers, driving growth for the entire industry at large. “We recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we shall support them as they look to introduce cohesive standards for the entire industry and elicit greater public adoption of cryptocurrency,” said Weber Woo, CEO, XT Exchange, the first digital asset social trading platform with close to half a million active monthly traders. Beyond a liquidity network, the Worldbook is also an open initiative to forge greater collaboration amongst industry peers old and new, to create a digital asset landscape primed for multifaceted participation. Amongst its pioneering members are Huobi Group, FCA-regulated Archax, BitKub, as well as RegTech companies such as Horangi and Cypnopsis as well as Defi and blockchain firms like Hodlnaut and Bholdus amongst many others. Those who want to be members may visit nexusworldbook.com to indicate interest. Alternatively, they can reach out to the WorldBook through its Telegram (https://t.me/nexusworldbook) or drop the WorldBook an email at h[email protected].
ParallelChain, an award-winning blockchain wallet solution provider, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ian Huang, Founder and CEO of ParallelChain, said: “The DeFi and crypto space is reshaping the financial system. Due to these distinctive characteristics, DeFi community and traditional enterprises are facing big challenges as they become more intertwined. We need to create an environment that enables seamless access between the two, one that understands their respective needs and values — this is at the heart of what we do at ParallelChain. In support of the WorldBook initiative, ParallelChain will bring the much-needed stability, accountability and privacy protection for the institutional adoption of crypto.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on ParallelChain’s participation on the WorldBook network, saying: “More than just a wallet solution, ParallelChain’s cross-functional utility can even cover KYC, data security, and supply chain solutions. Through their understanding of scalability, latency and security — all important issues surrounding blockchain technology, the WorldBook will gain a greater perspective of how blockchain can be employed in various use cases.” About ParallelChainParallelChain is a layer-1 project that brings accountability to the public blockchain and crypto sector. Comprised of public and private networks, ParallelChain creates an ecosystem where enterprises and the crypto community can enjoy seamless access to each other’s markets and value-adding interaction. It provides the necessary backbone infrastructure as this new fusion economy takes shape. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about ParallelChain, visit: Website: https://www.parallelchain.io/Telegram: https://t.me/parallelchainofficialTwitter: https://twitter.com/DTL_blockchainLinkedIn: https://linkedin.com/company/digital-transaction-limitedMedium: https://medium.com/digital-transaction-limitedYouTube: https://www.youtube.com/c/DigitalTransaction To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
AlphaPoint, a global provider of white-label software for launching and operating crypto and digital asset marketplaces, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Igor Telyatnikov, Co-founder and CEO of AlphaPoint, said: “AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013. We are committed to furthering development and implementation of new technologies and standards to promote adoption worldwide and increase the net-benefit impact of crypto. Our membership in the WorldBook movement is an expression of this commitment, and we expect exciting opportunities to follow from this partnership.” Ted Quek, CTO of Broctagon Fintech Group, commented on AlphaPoint’s participation on the WorldBook network, saying: “AlphaPoint is uniquely positioned as the only technology provider in the crypto-exchange platform space that offers software solutions for both primary issuance and secondary trading. Given their experience in launching exchanges from the ground up, we are excited to welcome AlphaPoint to the WorldBook. As a solutions provider, their adoption of universal crypto-standards will undoubtedly set the pace for their takers.” About AlphaPointAlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about AlphaPoint, visit: Website: https://alphapoint.com/Facebook: https://www.facebook.com/AlphaPointLive/Twitter: https://twitter.com/AlphaPointLiveLinkedIn: https://linkedin.com/company/alpha-pointYouTube: https://www.youtube.com/channel/UClPeLvua-m00J_I5ah8ZdpQ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
Archax, the first FCA-regulated exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Simon Barnby, CMO of Archax, said: “Archax has built its niche working in highly regulated markets. This has enabled us to acquire a deep understanding of the blockchain and DLT landscape as well as a vision of how to evolve and transparently open up digital assets to institutions. As the only FCA-regulated digital securities exchange, we are excited to be working with WorldBook to continue our journey to enable the onset of mass digital asset acceptance.” Ted Quek, CTO of Broctagon Fintech Group, commented on Archax’s participation on the WorldBook network, saying: “Archax’s extensive portfolio encompasses investment, trading, listing and digital asset custody. Their work and experience with both institutional investors and regulatory bodies will help paint a clearer picture of the latter’s expectations, and we are thrilled to have them onboard the movement.” About ArchaxArchax is a global, FCA-regulated, digital asset exchange, brokerage and custodian based in London. Founded by experts from the financial markets world and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain-centric crypto community and the traditional investment space. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Archax, visit: Website: https://www.archax.com/Twitter: https://twitter.com/archaxexMedium: https://medium.com/archaxexLinkedIn: https://www.linkedin.com/company/archaxex/ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
BTSE, a multi-currency digital assets exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Jonathan Leong, Founder of BTSE Jonathan Leong, Founder of BTSE, said: “Through technology, BTSE aims to bridge the convenience of digital assets solutions with the conventions of traditional finance. As such, we are delighted to be part of the NEXUS WorldBook through our strong partnership with Broctagon Fintech Group. Together we strengthen crypto’s market network to bring digital assets to the forefront of the institutional financial landscape.” Cecilia Chan, Head of Liquidity (Asia) and ED of Broctagon Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on BTSE’s participation on the WorldBook network, saying: “BTSE’s suite of turnkey exchange solutions include spot trading, white-labels, OTC, asset management, and payment gateways. Now with access to the WorldBook’s unified liquidity standard, BTSE’s liquidity pool will be positioned to offer better prices and tighter spreads for the many arms of its business.” About BTSEBTSE is a leading digital assets exchange and fintech company that empowers users by offering a simple and secure way to trade. Its growing suite of financial services is designed to bridge digital assets solutions with traditional finance. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about BTSE, visit: Website: https://www.btse.com/Facebook: https://www.facebook.com/btsecomTwitter: https://twitter.com/BTSEcomMedium: https://btse-official.medium.com/Telegram: https://t.me/btsecomYouTube: https://www.youtube.com/channel/UCnCG4T18V6MfNxCnTTCWV0g/featured To find out more about or to join the Nexus WorldBook, visit:Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
Hodlnaut, a crypto interest-earning platform based out of Singapore, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Juntao Zhu, Co-founder and CEO of Hodlnaut, said: “Traditionally, Bitcoin holders will only be able to profit off-price increments from the asset. At the same time, they’re also looking for ways to improve the return on their assets while waiting for the value to appreciate. That’s why we came up with Hodlnaut. We want to help Bitcoin holders earn interest on their Bitcoin and unlock its full value and the opportunity costs of holding it. This method is called “yield farming.” What makes us different from, let say, depositing your assets into decentralized finance is that we focus on the customer experience. As a centralized finance platform, we take care of everything and ensure users get the best return on their investment without any hassle. The WorldBook initiative is a wonderful avenue where we can work together towards a more standardized and healthy crypto ecosystem.” Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Hodlnaut’s participation on the WorldBook network, saying: “We are pleased to welcome Hodlnaut to the WorldBook initiative. With up to 12.73% APY, Hodlnaut’s crypto-interest account allows for its clients to deposit crypto and earn immediately with no lock ups or withdrawal limits. As crypto becomes a bigger part of mainstream investment, crypto-finance companies like Hodlnaut will play an integral role in financing the crypto-economy.” About HodlnautHodlnaut is the leading Crypto Borrowing and Lending Platform based in Singapore whose mission is to provide financial services to cryptocurrency users. The platform currently has over $500 Million USD of Digital Assets under Management and is growing at an average of 20% month on month. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Hodlnaut, visit: Website: https://www.hodlnaut.com/Facebook: https://www.facebook.com/hodlnautdotcomInstagram: https://www.instagram.com/hodlnautdotcom/Twitter: https://twitter.com/hodlnautdotcomTelegram: https://twitter.com/hodlnautdotcom To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
XT Exchange, the world’s first social infused exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Weber Woo, CEO of XT, said: “XT is a comprehensive transaction platform with more than 100 high-quality currencies and 300 trading pairs. As the world’s first socialized digital asset trading platform with close to half a million active monthly traders, we recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we both have great ideas and exciting events in store that will introduce cohesive standards for the entire industry and elicit greater adoption of crypto from the public.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on XT’s participation on the WorldBook network, saying: “With more than 7 million members registered globally across all its owned platforms, XT connects and creates unified communities through its extensive network. Their emphasis on the social element of trading depends heavily on the availability of information, including price information. This requirement can be complemented with the WorldBook’s universal standard of liquidity, which provides the crypto industry with price information symmetry. We welcome XT to our network of partners.” About XT ExchangeFounded in 2018, XT Exchange is the world’s first socialized digital asset trading platform. The platform has more than 3 million registered users, over 400,000 active users monthly, and 13 million users in its ecosystem. With full trading options available for its traders, XT.com provides more than 100 currencies and 300 trading pairs. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about XT Exchange, visit: Website: https://www.xt.com/Instagram: https://www.instagram.com/xt.com_exchange/Twitter: https://twitter.com/XTexchangeMedium: https://medium.com/@XT_comReddit: https://www.reddit.com/user/okoAldermanLinkedIn: https://www.linkedin.com/company/xt-com-exchange/YouTube: https://www.youtube.com/channel/UCeiEo_mY82qbg5v0C22TyZA To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
With Broctagon's professional whitepaper writing services, our team of business consultants, blockchain advisors, marketers, and industry experts will come together to help you conceptualize and create a whitepaper that makes your project shine.
Broctagon has just announced the launch of its customized DeFi Decentralized Exchanges (DEX) Platform and Automated Market Maker (AMM) Protocol integration.
In this brand-new upgrade, we tapped on the experience having served hundreds of brokers, to rollout a multitude of optimizations and customizations that address the common pain points of brokerages, allowing them to have enhanced control over client data with increased customizability, flexibility, and efficiency.
In this new version update of the AXIS CRM, we have focused on a few new functionalities and fixes to make the process of client management and acquisition smoother.
In this latest AXIS CRM V4 update, we continue to implement updates to improve the user experience of administrators and IBs, to enable them to handle customer data more efficiently.
Broctagon Fintech Group has launched a unique social media-based NFT marketplace white label solution for businesses, communities and individuals looking to launch their own NFT marketplace.
Broctagon has developed Cryptography as a Service, with a suite of solutions specifically designed to give clients the best of both worlds – the efficiencies of blockchain technology with the assurance of data privacy.
NEXUS 2.0's latest update covers upgraded features including an all-new monitoring system, LMS enhancements and randomized volume scaling.
Brokerages in Asia will now have a wider variety of trading platforms made available with Broctagon's Spotware partnership to offer the cTrader Platform.
The main thing that puzzles most non-crypto fanatics is, why would anyone pay for high value NFTs when in this digital age, anything can be watched, copied or downloaded for free?
Owing to the country’s friendly regulatory environment with respect to financial markets, and fintech and blockchain within it, various other global cryptocurrency groups are expanding their presence in Singapore.
Non-Fungible Tokens (NFT) can help artists in a way by driving a change in how art is bought, sold, supported, enjoyed and created.
Today, social media platforms are a part of our everyday lives. We barely notice it, but millions of people around the world communicate, socialize, keep themselves updated with news, shop for products/services, and simply entertain themselves on social media. Every subject and trending issue can be seen on social media, and it is the fastest way to get the message out to a global audience. Online networks and user-generated content make up a considerable portion content on the Internet today. It is a platform for brands, creators, artists and any user to share their content and be heard. According to DataReportal, there are 4.33 billion social media users around the world at the start of 2021, equating to more than 55 percent of the total global population. Figures suggest that social media users equate to annualised growth of 13.7 percent, or an average 16½ new users every single second. A recent trending technology, NFT or Non-Fungible Tokens, has been the buzz and it is inevitable how this could eventually weave its way into social media, a phenomenon that has also intertwined with our daily lives in the last couple years. What is an NFT? An NFT (non-fungible digital token) is a token minted on blockchain technology that represents a unique asset and is not interchangeable. A blockchain is a distributed software network that functions both as a digital ledger and a mechanism enabling the secure transfer of assets without an intermediary. On the blockchain explorer, the history, owners and authenticity of each NFT can be verified. Read More: What is an NFT? Non-Fungible Tokens Explained An NFT can consist of an asset, say a piece of digital artwork, music or photo, plus a contract on blockchain asserting that the created piece of art is the original. NFTs are becoming more and more mainstream: collectors and artists have spent around $200 million on NFT-based artwork according to market tracker NonFungible.com compared to $250 million throughout all of 2020. NFTs have started to gain a broad attention as more celebrities get into the board. Elon Mask, Mark Cuban and Linkin Park guitarist Mike Shinoda started minting their own tokens. How Social Media Users Can Benefit from NFTs Monetization and Commodification of Digital Content NFTs give brands, marketers, influencers and any social media user the ability to create and monetize their content. Turning digital content on social media into NFTs allows an intangible artwork or photo to have tangible value by being tied to a crypto-based token, giving it accessibility and liquidity. Commodification is possible through the tokenization, by converting the physical or virtual content into digital units that can be bought and sold. As Oscar Wilde noted, all art is quite useless - the value of art is purely based on community-consensus and authenticity is valuable because it is scarce. Assigning a value to content through NFTs gives it that value. Earnings from Royalties Today, social media content producers pay out some of their profit to third-party intermediaries and platform fees. Blockchain-based social media platforms are disrupting this process by taking the middleman out and enabling content producers to have complete control over how and where their content is distributed and profit from the production of passive income. For artists and creators, being able to sell their work directly to a global buyer without going through an auction house or third party gives them a bigger portion of the profits they make from sales. Royalties can even be programmed into an NFT so that the creator receives a percentage of sale profits each time their work is sold to a new owner. Autonomy and Control In a decentralized social network, the community governs itself in the management of the platform and their content. Decentralized social networks give users more control and autonomy. Benefits include censorship resistance, ownership over personal data, and improved control over user-generated content. This means no one else, whether a corporation or site administrator, can make modifications to or remove content created by users. Ownership Protection From a copyright perspective, the content creator who took the photo on social media will continue to be the rightful owner, and maintain exclusive rights to control the use of the work. Social media users who post any form of content, from digital art to photos to music can go through a process of “minting” their own work, assigning it an NFT value and thus making it one-of-a-kind, where its originality can be verified through the NFT source code. This is a solution to a problem where on current social networks, content creators are facing a value-loss of their content caused by streaming and digital reproductive commodification. NFTs can authenticate a digital creation. The immutability of blockchain, preventing the digital file from being faked, forged, or replicated, is one of the main selling points of the technology. Who Benefits from NFT-based Social Media Platforms? Influencers Influencers play a vital role in the social media landscape, with millions of followers and the power to sway the next trend, brands are always looking to engage them. Through photos, clips and tweets, they are a marketing channel on their own, advertising and influencing the next big idea into the minds of their communities. In current social media platforms, influencers struggle to monetize their content if their post is not sponsored or an advertisement, which audiences are usually not very receptive to. NFT-based social networks allow influencers to build better connections with their audience in a peer-to-peer way, and deliver content that they are looking for. This new type of social media platforms will allow influencers to creatively respond to fan requests by converting memorable photos into digital collectibles that can be acquired by followers, forging a deeper, tangible connection in what was previously unattainable. Digital Artists Digital artists constantly face the problem of having their work stolen, copied and used without permission online. NFT-based social networks will work in their favour for copyrighting of their original work. Today, the art market remains a largely unregulated field. Collectors, auction houses and galleries who have access to information about who owns what artwork, its sale price, etc. profit from their position, while those with the least access to such information, artists are typically left at the mercy of third-party agents. NFT platforms will improve the ease of transferring digital creative assets, and information of authentication can be easily accessed on blockchain explorer. NFTs can be sold on any NFT marketplace or via a peer-to-peer method without the need for an intermediary, rather than being restricted to the use of third-party platforms to distribute content. This allows the artists to connect directly with the audiences. Artists can also retain ownership of their work forever by implementing royalties. In contrast from the traditional art world, where most artists get no money from the resale of their work, even when the value has doubled or tripled. Brands NFTs provide an exciting opportunity for the brands as well. They present opportunities for brand owners in both digital and physical markets as they have potential usefulness not only in association with digital images but also for physical products. With NFT-focused social media the brands can create unique brand experiences, increase brand awareness, encourage interaction as well as help to increase conversion and drive revenue. For example, the end-users of fashion brands can verify the information regarding the ownership of all the items and accessories which reduces the risks of frauds. Through NFT-based social networks the brands can create engaging digital art assets and give the ownership rights of these collectibles as part of promotional campaigns which will bring the customers closer to the brand and attract a new clientele. NFTs Will Continue to Disrupt Various Industries There is no doubt that NFTs will continue to disrupt multiple industries in one way or the other, social media is just one of them. Global companies are taking a serious look at NFT and blockchain technology to streamline many of their current business processes. However, the balance does seem to be shifting as NFT-based social platforms solving many of the issues traditional social networks have from the perspective of users as well as business. The relationship between social media, blockchain and NFTs will continue to evolve. If you would like to find out more about how to create digital content with NFTs or launch an NFT marketplace, simply click here to schedule a consultation with our blockchain advisors to find out more.
One contributing factor to volatility is that the crypto markets have an abundance of whales – a term given to someone who holds a significant amount of a particular asset; someone who holds a minimum of 1,000 Bitcoin is considered to be a whale
Capturing memory has always been on a constant evolution, with people finding ways to make it more instant, accurate, and indestructible through the test of time and weather. NFTs as memories is the modern day's era of capturing memories, taking these aspects to a whole new level through blockchain technology.
What exactly is an NFT and why did one just sell for US $69 million dollars? What are NFTs and how they work explained.
The success of Bitcoin and Ethereum alone is not enough to make crypto mainstream. Exchanges must evolve to the next phase of maturity through sophisticated trading technology for altcoins.
With emerging technologies, STP is now made possible for crypto exchanges, adding on to the existing market making models. Let's examine how each model works and the role it plays.
Broctagon Fintech Group was at iFX Expo Asia 2022, held for the very first time in Bangkok featuring some of the most prominent companies within the FX industry and engaging content from inspiring industry leaders. Our SaaS CRM and multi-asset liquidity met with an influx of interest, and this was nothing short of a spectacular event. Meet team Broctagon. Event Highlights Panel Session at iFX Expo Asia 2022 We were incredibly honored to have been invited as a panelist on the topic of “East vs West Liquidity in APAC and Beyond”, where our Chief Technology Officer & Co-Founder Ted Quek shared insights into the trends and opportunities within the Asian market, drawing from his deep-rooted experience driving innovation at the helm of the group. Impeccably apt for this panel, we have our European-licensed liquidity arm Broctagon Prime, regulated by CySEC, and Asian-licensed liquidity arm Broctagon Prime Markets regulated by Labuan FSA. Our dual-licensed liquidity solution puts us in a position with in-depth understanding of both East and West. The Only East, Amongst the West As the only panelist with the unique insight into Asia's financial landscape, Ted provided valuable analysis on Asia's market trends, sharing that cryptocurrency CFDs have been in high demand in Asia in the recent years, with a bubbling shift in the West as well. Brokerages are urged to keep up by seeking liquidity providers with the capabilities and infrastructure to meet that demand. As one of the major liquidity providers of crypto CFDs, we can attest first hand to that growing necessity, and we see brokerages and LPs need to cater to that demand to remain competitive and not fall behind. Strong Interest in our Full Suite of FX Solutions Broctagon garnered lots of interest at the expo, particularly for our AXIS FX CRM as its sophisticated multi-tiered IB module fits the aggressive affiliate marketing landscape of Asia to a tee. The SaaS model was also highly welcomed due to the absence of a setup fee with an almost immediate turnaround time allowing brokers to go-to-market fast. Also, being an end-to-end solutions provider from setup and licensing to technology and institutional prime liquidity under dual jurisdictions, we are happy to be of service to many potential clients. It was an amazing chance at the expo, in a historic moment that it was held in Bangkok, to forge new connections with fintech industry professionals and strengthen bonds with our existing Thai clients and partners. Missed us at the expo? Find out more about how we can tailor solutions for your brokerage by scheduling a consultation. Schedule a Meeting
Broctagon is proud to be one of the partners at Vancouver International Financial Summit (VIFS) 2022. From September 2 to 3, 2022, VIFS hosted top financial companies from Canada and globally, focusing on the cutting-edge transaction, technology and financial services.
Following a successful iFX Expo International 2022 in Limassol, Cyprus, Broctagon Fintech Group will be back at the largest B2B financial expo at its next installation in Bangkok, Thailand. iFX Expo Asia 2022 will be held from 13-15 September, taking place in Bangkok for the very first time.
The Broctagon Prime team is happy to be back at iFX Expo Cyprus from 7th to 9th June 2022, widely regarded as one of the world's biggest financial enterprise conferences.
Broctagon Prime will be among the top experts in the fintech industry at the upcoming iFX Expo Cyprus 2022, the largest B2B Financial Expo, held at Palais des Sports - Spyros Kyprianou, Limassol. From 7th to 9th June, we'll be at Booth 75 to share with you about our top-notch trading solutions and first-rate institutional liquidity products.
Broctagon Fintech Group was recently awarded 'Best Crypto Liquidity Solutions' at the Crypto Expo Dubai 2022, as a recognition for our newly-upgraded product, the NEXUS 2.0 Crypto Liquidity Hub. Held at Dubai Festival City from 16 -17 March, more than 100+ crypto companies gathered at the premier cryptocurrency event.
Broctagon Fintech Group is proud to be the Gold Sponsor for the upcoming Crypto Expo Dubai 2022! Join us at Booth 84 in the expo held from 16 -17 March, where more than 3000+ investors will congregate for this annual event.
Broctagon Prime participated at the iFX EXPO Dubai, one of our first events in 2022. Held at Dubai’s World Trade Centre from 22nd – 24th February 2022, the 3-day event presented over 60+ speakers on its agenda, with its title as the largest global fintech B2B exhibition.
Broctagon Prime will be at the iFX Expo hosted in the Dubai World Trade Center, 22-24 February. Meet us at Booth 106 to find out about the most competitive liquidity products for your brokerage.
What exactly is an NFT and why did one just sell for US $69 million dollars? What are NFTs and how they work explained.
With emerging technologies, STP is now made possible for crypto exchanges, adding on to the existing market making models. Let's examine how each model works and the role it plays.
Public, private, permissioned, Bitcoin, Ethereum protocols, and more – it might seem really daunting on how to choose the right blockchain for your business.
Many investors and traders are familiar with the idea of trading cryptocurrencies. While crypto spot trading has been more prevalent, crypto CFDs have also emerged with growing popularity.
Smart Order Routing (SOR) is an automated order processing mechanism, designed to take the best available opportunity across a variety of different trading platforms.
As a brokerage, offering multi-asset classes to your clients can bring you competitve advantage over other brokerages. Here are 5 key reasons.
Being a key essential to any Crypto Exchange, it is important to know what exactly Crypto Exchange Liquidity is and its importance, as well as the factors affecting it and how it can be measured.
Kick-starting your very own crypto exchange made simple with Broctagon's comprehensive guide, with just 3 main steps you need to keep in mind.
Growing attraction amongst Asia’s tech-savvy millennials, unbanked signify big alternative
Broctagon Fintech Group announced the launch of a global network of crypto liquidity providers on Tuesday, forming an aggregated liquidity pool. Dubbed WorldBook, it is a crypto Straight-Through Processing (STP) network and is aiming to standardize the crypto liquidity industry.
Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, announced that it has appointed Michael Lee, an industry veteran with nearly 20 years of experience in the futures markets, as its new Head of FX Sales.
“Labuan has adopted a very positive and welcoming attitude to new entities in the region. We can see the positive outlook thriving and the authorities have created a favourable environment for financial activities to grow quickly and the local economy to mature,” Cecilia Chan, Executive Director of Broctagon Prime Markets.
ByteTree's Charlie Morris shows how bitcoin's price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market. | CoinDesk
During the end of 2020 and into 2021, a great number of digital assets have seen significant gains and the bearish season that followed 2017 has turned its course.
The price of bitcoin has hit a new all-time high, reaching above $48,000 on Thursday following news that Mastercard and America's oldest bank plans to transfer and issue the cryptocurrency.
Bitcoin's recent price surge may be a classic case of an asset running up too far too fast. See what industry experts have to say about its patterns.
Bitcoin's powerful move over the past couple of months to more than $700 billion in market value is suddenly commanding more attention from global financial regulators. | CoinDesk