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.
In this latest update log, we pay special attention to the experience of administrators, finding ways to improve both efficiency and data access so that they will be able to handle client data more effectively.
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.
In this first episode of the CryptoNow podcast, we link up with Hodlnaut to discuss the current state of the cryptocurrency markets, including its security, perspectives, and regulatory expectations.
Tokenize Xchange, a Singapore-based digital exchange platform , 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. Hong Qi Yu, Founder and CEO of Tokenize Xchange, said: “As a digital asset fiat-on/off ramp, Tokenize aims to provide frictionless access to digital assets through the best user experience and a wide range of product offerings. We enable users to trade on an orderbook in their countries’ respective currencies while providing them competitive fees and spreads, low slippage and seamless settlements. We are excited to be part of the WorldBook initiative to contribute to greater standardisation within the crypto ecosystem." Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Tokenize Xchange’s participation on the WorldBook network, saying: “Tokenize’s experience in digital assets goes beyond its functionalities as a digital assets platform. With yield models of up to 8.3% APY on Bitcoin & Ethereum, they have grown beyond the traditional exchange model and are now branching into the field of custody. We are honoured by their participation in our movement, and anticipate further collaborations to come.” About Tokenize XchangeTokenize Xchange is a Singapore-headquartered digital exchange platform that allows the trading of digital assets in a safe and secure environment with competitive fees. The platform currently allows the trading of over 60 cryptocurrencies and is one of the few platforms that is available in Singapore that allows users to buy cryptocurrencies via an orderbook exchange in Singapore dollars. 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 Tokenize Xchange, visit:Website: https://tokenize.exchange/Medium: https://medium.com/tokenize-xchangeFacebook: https://www.facebook.com/tokenize.exchange/ Instagram: https://www.instagram.com/tokenize.exchange/ Twitter: https://twitter.com/TokenizeXchange Linkedin: https://www.linkedin.com/company/tokenize-exchange YouTube: https://www.youtube.com/channel/UCy6ckPyiMAOla7euez-W1FA To find out more about or to join the NEXUS WorldBook, visit:Website: https://nexusworldbook.com Facebook: https://www.facebook.com/NEXUSWorldBook LinkedIn: https://www.linkedin.com/showcase/74741847/ Twitter: https://twitter.com/NEXUSWorldBook Instagram: https://www.instagram.com/nexusworldbook/ YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAE
Investing is about managing risks to reap rewards but everyone has different ideas about how to get there and just how much they are willing to gamble on reaching their wealth goals, says Broctagon Fintech Group's CEO Don Guo.
In this latest update, we have added some new functions into the IB Portal, as well as focused on several quality-of-life upgrades for data management.
GokuMarket is a European-licensed crypto wallet, exchange and marketplace provider, known as the one marketplace for the blockchain economy.
Hi friend, 2021 is the year of creation and innovation as the world bounces back from the 2020 pandemic year with Fintech investments totaling $91.5 billion, nearly doubling last year’s record. Being at the industry forefront, we’ve witnessed many exciting new trends, particularly in the cryptocurrency space. Cryptocurrencies have gone mainstream in 2021 with unprecedented institutional participation, media reports and even celebrity endorsements. Relatively unheard of until this year, NFTs have become the talk of the town with billions worth in transactions and 2021 going down in history as the year of the NFT boom, for now at least. As a crypto and blockchain solution provider, it is critical that we evolve dynamically with the industry. Together with the industry's immense growth this year, we have introduced many new products in anticipation of new needs, and we are excited to see how 2022 brings further transformation and opportunities. Here are some of our 2021 milestones: A Universal Crypto Liquidity Standard NEXUS WorldBook While crypto trading has gained massive traction in 2021, crypto liquidity remains highly fragmented with significant price disparities across venues. The lack of an industry wide infrastructure, limiting interoperable technology and exchanges operating in silo within their respective orderbooks makes a difficult landscape for institutions to transverse. For the industry to mature and enable greater institutional participation, it is imperative to first establish a universal crypto liquidity standard with a technology architecture that allows aggregation and multilateral liquidity flow. That was the inspiration behind NEXUS WorldBook™, a liquidity pool that now allows connected exchanges access to 85% of the crypto market. With its launch this year, we are humbled that the NEXUS WorldBook™ has garnered many reputable pioneering members who believe a unified liquidity standard is the way forward. Amongst the ranks of the WorldBook now are exchanges like Huobi, XT.com, as well as FCA-regulated exchange Archax. We also welcomed RegTech giants such as Elliptic, and even blockchain data platforms like Chainalysis as part of our community. Become A WorldBook™ Member - For Crypto Exchanges - Schedule NEXUS 2.0 Liquidity Demo A SaaS CRM For Modern Brokers AXIS 3.0 Against the backdrop of rapidly-evolving financial markets where trading of digital assets derivatives are quickly becoming mainstream, there is a growing need for a powerful, modular brokerage CRM that meets the sophisticated needs of these new financial instruments. The AXIS 3.0 CRM is built to support both the trading of crypto CFDs and deposit of digital assets, allowing brokers to fully capitalize on growing market demand. Coupled with a dynamic Introducing Broker (IB) module at its core, AXIS offers a multi-tiered commission system that primes brokers for market expansion with its wide range of configurable commission schemes and real-time distribution capabilities. With a turnkey deployment of just 1 business day for a fully branded CRM prebuilt with more than ten languages, the AXIS 3.0 CRM enables the flexibility of full customization within the cost efficiencies of a SaaS Model. Read more about AXIS 3.0 CRM here. See here for AXIS 3.0 CRM's latest update log. Schedule an AXIS 3.0 demo An Institutional Liquidity Provider for Asian Markets Broctagon Prime Markets This year, we launched Broctagon Prime Markets (BPM) to offer regulated bank-grade FX liquidity to a growing Asian market. Licensed under the Labuan Financial Services Authority (Labuan FSA), we deliver tailored and holistic trading solutions with access to over 100+ financial instruments. Beyond FX, commodities and securities, we pride ourselves in having one of the industry’s most competitive and widest range of Crypto CFD offerings. Leveraging on our proprietary NEXUS technology, we provider razor-thin spreads, 24/7 seamless trading and zero commissions. In light of burgeoning global demand for digital assets trading, our robust conditions and institutional-grade support empower brokers to ride the latest trading trends as the industry ushers in a new age of digital finance. Request for a Demo Account A Blockchain Solution for any Business Broctagon's Internet of Value Suite The Broctagon Internet of Value (IoV) is an enterprise blockchain solutions suite for businesses that is non-disruptive to their current infrastructure and operations. The bespoke solutions enables both end-to-end development as well as experimental implementation, allowing business to put a specific segment of their operations on chain. Encompassing a diverse gamut of blockchain solutions from smart city infrastructure and smart contract deployment, to a Tokenization As A Service (TaaS) platform and NFT marketplace white label solutions, we provide counsel, expertise, and the technology to help businesses participate in a decentralized future with minimal inertia. We were honored to be the technological partner behind the world’s first government-approved gold backed token, GoldGo, supported by the Securities and Exchange Commission (SEC), Thailand. Schedule a Free Consultation A Rising Prominence Media Features 2021 marks two years since Broctagon’s shift of headquarters to the sunny island of Singapore and we have been extremely lucky to experience the island nation’s growth from a fintech hub at the crossroads of the world, to now, a reputed crypto hub with strong regulatory oversight. From speaking at key events to having our work featured in media outlets, publications, and associated platforms, we are thankful that we were able to gain the attention of both regional and global media in the process. Some examples include: Broctagon's Feature in Straits Times: Investor Tales — Rise of cryptocurrencies pays off for some Radio Interview on MoneyFM 89.3’s Soul of Business: Women Leadership and Trends in FinTech Broctagon Participates in Connecting Digital Ecosystems (CoDE) Asia 2021 Broctagon's Feature in The Asset: Crypto held back by lack of liquidity, interoperability For a chronological take on Broctagon's journey in 2021, please see the Broctagon Blog where we share all our media features, partnerships, thought articles, and highlights for the year. Read Our Journey A Glimpse of 2022 The Road Ahead The pandemic may have hampered our plans for travel, but we have taken this time to hone our edge and to bring forth new things in store. One endeavor that stands out in particular is the Exchange-of-Exchange (EoE), which is a Prime-of-Prime offering made for crypto exchanges. Exchanges now independently connect with separate exchanges for their liquidity needs. This approach is fundamentally very resource-intensive and time-consuming. With the EoE, exchanges can access aggregated liquidity which translates to reduced margin requirements and counterparty risks. One other noteworthy pursuit is our 2022 roadmap for AXIS 3.0. With foreseeable increase in demand, we plan to automate our onboarding process, making it a truly seamless, one-stop experience for all MT4/MT5 brokers. With much more in the pipeline, do stay tuned to the monthly Broctagon Buzz for the latest updates! We Are Hiring! Our Continued Search for Talent With many plans in motion and many more groundbreaking projects to come in 2022, there is undoubtedly a greater need for talents as we continue to expand across the globe. If like us, you too are excited about how technology can redefine financial markets and crave to have a hand in shaping this industry, Broctagon welcomes you. Check out our career opportunities below, and let's make a meaningful impact in shaping the fintech industry together. Join the Broctagon Team Epilogue Without a doubt, this is already beginning to look like a very busy year. These goals won't be easy to achieve, but I'm certain we will get there - as we have done for our objectives in the past. If this journey has taught me anything about an overarching theme to our progress, it's that we value consistency, quality, and bottom-up dynamism. At the heart of all we do is the Broctagon creed. Tempered in our fervor for helping businesses succeed, it still rings true today: We've got your back, bro.
In this latest update, we continue paying attention to improving the user experience of IB, Traders, and Admin. Traders and IBs can now access CRM and their referrers more easily. Admin now have greater access to rebate model settings and manager data. Data Management Administrators can now can delete trading accounts directly from the CRM. This will make it easier to manage trading accounts for brokers. Do note that by doing so, the binding between clients and trading account will also be deleted as well. Administrators can now directly edit client's KYC information without submitting a request to higher-leveled Administrators. This will enhance the KYC process and allow for a more flexible response should there be any changes to a client's documentation during the process. KYC requests that are in "Pending" status, however, cannot be modified - they can only be approved or rejected. Floating profit and loss are now displayed on the trading account list and trading account details page. Brokers will be able to directly see and segment their clients based on their profit/loss status. Instead of all being featured on one page, clients are now listed into pages, allowing client data to be more efficiently handled. Brokers can sort their clients into quantities most suitable for analysis and management. The Comprehensive Account Report now features the total amount of initial funds and current funds. Brokers will now be able to see at a glance these amounts using pre-determined currency units such as USC and USD. Commissions Settings A new field for trading accounts, [Rebate], has now been created to cater to an increasing demand by brokers that do not want to pay out commissions for certain trading accounts. This will allow for greater flexibility when handling trading accounts meant for events, marketing, or documentation purposes. [Rebate]'s field value is set to yes by default. If [Rebate] field value is yes, commission will rebated accordingly Conversely, If [Rebate] field value is no, commission will not be rebated Client's ID and rebate account number are now displayed when the cursor hovers over any client on the flexible rule details page. This will save brokers time as they will no longer need to open up each client's details manually to check their information. Referral Program A new field, [Referrer Code], has now been added to cater to an increase in demand from brokers to customize and edit client IDs. With this new field, codes will automatically be applied into their respective promotion links. To ensure optimal coverage for both existing and new clients, existing clients' IDs will be applied into the [Referrer Code] field based on their historical data. Promotional links can now support multiple domain names. Brokers can now use different domain names for different markets - this will make tracking the effectiveness of campaigns much more streamlined. General One administrator account now supports multiple logins, either from different computers or different browsers at the same time. This implementation will make it more convenient for a team of administrators to manage client information. Added a mail template control switch. Templates can now be better managed as disabled email templates can no longer be triggered, preventing them from being sent to clients. Learn More About AXIS CRM