Global FX and CFD provider AXI has announced its partnership with Singapore-based fintech FYNXT to roll out MAM/PAMM offerings. According to both firms, the service platform is one of the most advanced Forex Managed Accounts in the industry.
The service has already entered into implementation stage as a cloud platform. According to the statement about the collaboration, the project will be resetting the benchmark in business-critical areas of user experience, flexibility, precision, speed, and transparency.
The Service Will Be Based On The Cloud-Based Ecosystem Of FYNXT
The Forex Managed Accounts Services will also have features like precision in asset allocation, flexible fee management, and enhanced administration automation.
Chief Commercial Officer at AXI, Louis Cooper, while commenting on the offering, noted that the company understands the problems of traditional PANMM and MAM offerings. “Anything we can do to help our clients better serve their clients is what drives us,” he added.
Cooper said that the new service is geared towards providing solutions to these limitations. He described the offerings as “genre-defining,” stated that the firm is having a fundamental rethink and comprehensive analysis in the fund management industry.
With its technological superiority, Cooper believes that there is a need for a deeper understanding of the nuances and peculiarities within the sector. He says when the company gets it right, the superior technology from its FYNXT partner in Singapore will help to offer clients the trading edge they desire.
The New Product Will Provide Scalability In The Industry
Aeby Samuel, Chief Executive Officer of FYNXT, says the company is driven by the need to help the industry grow and expand further.
He added that the company is proud of the Social Fund Management Offering and will be looking forward to a high level of excitement and confidence.
FYXNT was initially called Simple2Trade before it was rebranded. The protocol offers an integrated digital platform, available in licensed and SaaS formats. In addition to these core services, it also offers features that are attractive to users.
These include ease of use, minimal service cost, accelerated time to market, as well as almost infinite scalability. Both companies hope to improve the services offered to users with the partnership and the launch of the new product.