FinaTek provides a turn-key trading technology solution (software and services) to institutions operating on the spot retail Foreign Exchange (FX) and CFD markets.  The myForex Trading Platform - an order processing and position keeping platform - is our proprietary product available for licensing.  We are visionaries in the development of next generation FX trading applications that revolutionize the world of financial services software.  myForex provides quantum leaps in the productivity of the software financial institutions use to provide services for their customers.

Our goal is to be the preeminent technology development company for the retail FX industry by supplying our platform to FX dealing firms globally. See how we are doing.

 

Since 1996 the founders of FinaTek have been designing and supervising the development of proprietary trading Platforms for the leading industry players such as MGFG (became a subsidiary of Rosenthal Collins Group, LLC), FXCM (thus aided the company to become the largest Forex dealer in the United States today), GCI, CBFX (later on acquired by IFX, and recently by CityIndex), FXSolutions (acquired by CityIndex), and many more. In 2002 FinaTek was formed and in February 2003 we launched the next generation of online trading Platforms for the retail Forex market – the myForex Trading Platform - for Capital Market Services. This new Platform allowed CMS to increase its client base eightfold during the first year of use. In 2004 FXOnline Japan became Finatek’s client while they were serving as one of the local IBs for IFX in Japan. With the new Platform FXO seamlessly switched from the IB to the Market Maker business model without increasing the market risk, but tremendously raising the profit margin. This new Platform attracted the traders’ audience with its stability, ease of use, and amazing features like “trading-from-the-charts”,  FXO was able to raise their client base 10 times during the first year alone. In December 2005 the number of FinaTek customers reached 10. In March 2006 FinaTek expanded its operations to South America. In December 2006 the 44.97% of FXOnline stake was acquired by FinTech Global Incorporated and Mazuho Bank. According to the FinTech CEO Nobumitsu Tamai, the “excellent operability and user-friendliness of the Platform managed by FinaTek helped to retain a support base of high-value trade users, placing the firm at the top of the class in the industry”. In November 2007 the number of executed orders by myForex Platform exceeded 1,000,000 per month. In September 2008 the UK-listed company IG Group Holdings plc acquired an 87.5 per cent stake in FXOnline for $260 million.