LONDON, April 6 (Bernama-GLOBE NEWSWIRE) -- XM Group (Trading Point Group), a leading Forex and CFD broker and the official trading partner of the Fastest Man in the World “Usain Bolt”, has been recognized as Best Forex Service Provider for 2017 during the City of London Wealth and Management Awards which were hosted on the 30th of March at The Guildhall in the City of London.
The City of London Wealth and Management Awards are hosted once a year and the winners of each category are determined by an online public vote. During the event Stephen Pinner, MD of Goodacre UK the company managing the Awards said, “The Wealth Management sector is working hard to meet a wide range of challenges and it is very re-assuring to see the increasing interest from the investing public. In addition to ensuring that they meet a significant amount of new regulatory requirements, many firms strive to deliver services of the highest quality and these Awards acknowledge and reward the very best companies in the market.” Notes for Editors The purpose of the City of London Wealth and Management Awards is to recognize and promote quality of service from Wealth Management companies and individuals. Winners are determined by a public online vote which took place over a two-week period. The poll was reviewed by an independent panel of judges. About XM Group XM the official trading partner of the Fastest Man in the World “Usain Bolt” is an award-winning Forex and CFD Broker serving over 1,00,000 clients. XM is a brand name of Trading Point Holdings Ltd which wholly owns Trading Point of Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments Pty Ltd (XM Australia) and Trading Point of Financial Instruments Ltd (XM Cyprus). XM UK is authorized and regulated by the Financial Conduct Authority (Reference number: 705428), XM Australia is licensed by the Australian Securities and Investment Commission (Reference number: 443670) and XM Cyprus is regulated by the Cyprus Securities and Exchange Commission (Reference number: 120/10). |
Singapore-based investor tryb Capital invests to enhance Stockholm-based Chinsay’s risk and analytics platform and expand Asian presence via Singapore
Chinsay’s Software-as-a-Service (SaaS) solution is a vital part in the ongoing digitisation of trade and trade finance which will connect traders, brokers, shipping companies, ports and financial institutions
SINGAPORE & STOCKHOLM, April 6 (Bernama-BUSINESS WIRE) -- Chinsay AB, the leading cloud based platform for end-to-end administration of global commodity and freight contracts, has secured strategic investment of US$4 million from tryb Capital, a Singapore-based growth stage technology investor. The investment will be used to fund the continued development of Chinsay’s next-generation product and expansion into Asian markets.
Chinsay’s platform offers a comprehensive suite of front-end tools and the opportunity to apply back-end APIs to enable clear productivity benefits to not only global traders, shipping companies and brokers but also ports, marketplaces and financial institutions involved in trade and trade finance. Chinsay sees a strong acceleration in growth in Asia alongside its major clients, which include the likes of ADM, Cargill, K Line, Noble Group, NYK, Rio Tinto, South32 and Unipec. Magnus Böcker, Chairman and Co-Founder of tryb Capital stated, “Singapore’s position as a key shipping and trading hub made it more attractive for tryb Capital to invest into Chinsay. This is a great example of how innovative technologies from anywhere, in this case Sweden, can leverage Singapore as a growth platform into Asia.” Dag Sundén-Cullberg, Founder and Chief Executive Officer of Chinsay commented: “Chinsay’s board and team see this as a great opportunity for the company to take in additional capital for the current expansion phase while staying fully independent and at the same time getting a strategically important shareholder with an active agenda in the technology industry. The tryb team’s experience and network within technology will benefit Chinsay greatly as we continue influencing and driving usage of new technology in the freight and commodities markets.” tryb and Chinsay’s partnership is part of the growing interest in the digitisation of trade and trade finance and Singapore’s plans to become a leading Smart Financial Centre. Chinsay provides the opportunity to integrate into local trade ecosystems in Asia and optimise trading processes and workflows while providing enhanced big data analytics capabilities. |
