Skip to content
  • forex news
wikifx

wikifx

  • forex news
  • Toggle search form
  • FCA issues consumer warning on Coinburp Limited forex news
  • Citi posts 11% Y/Y drop in Markets and Securities Services revenues in Q4 2021 forex news
  • FCA nixes Finablr application for cancellation of premium listing forex news
  • Citi ordered to produce material related to DOJ FX spot market investigation forex news
  • NFA orders Plus EV Capital LLC never to reapply for membership forex news
  • Exclusive: Former Capital Index COO Heiko Mueller joins Exinity forex news
  • TriumphFX Review is a Ponzi Scheme. Please stay away! forex news
  • Nomura Research Institute partners with Behavox on conduct risk management forex news

24 Exchange acquires Eduard Yusupov’s FX/crypto tech co 11B Technologies

Posted on 2021-07-28 By admin No Comments on 24 Exchange acquires Eduard Yusupov’s FX/crypto tech co 11B Technologies

After recently receiving its crypto trading license, Bermuda domiciled electronic trading venue 24 Exchange has announced the acquisition of New York-based technology and service provider 11B Technologies.

11B Technologies was established last year by former FXCM co-founder Eduard Yusupov (pictured at right). The company has been providing low latency software and connectivity solutions for 24 Exchange in FX Swaps and FX Spot. The acquisition of 11B includes the company’s IP and software.  In addition, the 11B software development and business support team and its president will join 24 Exchange.

Dmitri Galinov, 24 Exchange CEO and Founder, said,

“24 Exchange intends to aggressively expand into additional products such as Crypto physical and Crypto NDFs. Our acquisition of 11B provides the ideal technological platform for that expansion. 11B has developed incredible low latency, robust and very scalable software across a range of clients and asset classes. We have been working with the talented 11B team for a long time, and are very happy to welcome them into the 24 Exchange team.”

Eduard Yusupov, President and Founding Partner of 11B Technologies, said,

“We are excited to join 24 Exchange. This team has a unique vision, drive and the expertise needed to seize market opportunities and compete with existing service providers on a global scale. This acquisition creates substantial value and synergy for the shareholders of 24 Exchange. This combination will bring new technology offerings to 24 Exchange customers and help expand market reach and service capabilities.”

Among its services, 11B provides order, execution and risk management systems for FX Spot, FX Swaps, FX NDF, Crypto Spot and Crypto NDFs. It also provides matching engine, CRM and back office connectivity through FIX API, GUI and mobile interfaces. 11B technology provides post-trade and third-party systems integrations with matching engines located in Equinix data centers in London and New York (LD4 and NY4).

24 Exchange is a multi-asset class trading platform that allows market participants to exchange their exposures at the lowest possible cost. The company’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. 24 Exchange Bermuda Limited is regulated by the Bermuda Monetary Authority for the purposes of conducting Digital Asset Business, pursuant to the Digital Asset Business Act.

forex news Tags:forex-news

Post navigation

Previous Post: FlexTrade Systems’ FlexNOW EMS to integrate with FINBOURNE’s LUSID
Next Post: Italy stops short of introducing national restrictions on turbo certificates

Related Posts

  • CFTC pushes for $3.57 million fine on Danish Forex fraudster forex news
  • Exclusive: Conversation with CMC Connect’s Richard Elston forex news
  • Plus500 announces grant of shares to directors under bonus scheme forex news
  • Former CFTC Commissioner Mark Wetjen joins FTX US forex news
  • CME Group launches options on Micro Bitcoin and Micro Ether futures forex news
  • Interactive Brokers starts rollout of cryptocurrency trading forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Forex Trader News of the Week
  • A-book forex brokers VS A-book brokers, differences?
  • BrokersView Ranking: Top10 forex brokers Nigeria
  • STC Trade View: Is STC Trade Broker Safe?
  • Fake Authority Scam In Germany Claimed To Be UK FCA Warned By BaFin

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • FCA confirms warning notices issued to individuals involved in £5.9M scam forex news
  • SEC secures judgment against trader who posted false stock tweets forex news
  • Admirals becomes shirt sponsor of Estonian club FCI Levadia Tallinn forex news
  • FxPro adds more CFDs on shares to its offering forex news
  • Court gives Citi, former head of FX trading desk two months to complete discovery forex news
  • Exclusive: Kieran Fitzpatrick steps down as CEO of Barracuda FX forex news
  • Undercover FBI agent helps SEC bust fraudulent securities scheme forex news
  • Saxo Group – India marks another milestone in its growth journey forex news

Copyright © 2023 wikifx.

Powered by PressBook News WordPress theme