Seabury Global Markets, Spotex, BYFX partner to launch forex solutions

Seabury Global Markets, Spotex, BYFX partner to launch forex solutions

- in All News, Trading Platforms
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Forex liquidity provider Seabury Global Markets (SGM) has partnered with Spotex and SBI FX Co.  (aka BYFX) to launch a Spotex suite of electronic forex products.

The companies will deliver an end-to-end forex trading and white label solution. SGM will provide the technology, which will supply a full suite of tools and functionality that covers ECN and peer-to-peer liquidity, back office systems, margin and credit modules along with other crucial components such as white label trading front end and MT4 bridging technology.

“This is a phenomenal opportunity for Seabury Global Markets and Spotex to collaborate with a world-class organization like SBI Holdings and BYFX in the Asian region,” said Andre Monza, managing director and head of Asia at SGM. “The strong interest between our companies to apply cutting-edge technology, decades of combined experience in FX and precious metals and BYFX’s plan to rapidly extend innovation into the Asian marketplace offer us a chance to help reshape the current landscape and create a lasting impact in the region.”

The collaboration will rapidly extend the companies’ product innovation in the Asian marketplace, according to a statement issued by SGM.

“We are very excited to partner with Seabury Global Markets who can deliver an end-to-end trading solution to us without losing the high degree of customizable flexibility that is paramount to our strategy. Seabury Global Markets and Spotex have reciprocated our commitment that is necessary to establish a robust long-term relationship,” concluded BYFX Chief Executive Officer Zhu Min.

Spotex is an innovative FX ECN that has developed intelligent exchange technologies that build and apply quantitative metrics to participants based on their trading behavior. It is relevant for both institutions and retail brokers.

Hong Kong-based SBI FX provides leveraged forex services and forex liquidity solution under the trading brand BYFX.  It is a wholly-owned subsidiary of SBI Holdings. BYFX is the first SBI Holdings overseas business unit to directly target clients outside Japan under the SBI Holdings brand.

Seabury Global Markets is a unit of Seabury Capital, which is part of Seabury Group. It provides investment and marketing solutions that deploys and markets financial, technical and human resources into the financial technology space.

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