ATFX invests in Spark Systems, eyeing expansion of institutional FX services

Global forex and CFD broker ATFX has announced a strategic investment in Spark Systems, a Singapore-based institutional-grade eFX trading platform. The investment, part of Spark Systems' Series C funding round, aims to bolster ATFX's institutional offerings and explore potential synergies between the two companies.

Spark Systems, which serves clients in Asia and globally, has previously attracted investments from venture capital firms and major banks, including Citibank and HSBC. This latest partnership is expected to enhance ATFX's trading infrastructure and expand its presence in the Asian market.

Joe Li, Group Chairman, ATFX

Joe Li, Group Chairman at ATFX, commented on the investment: "Investing in Spark Systems aligns with our strategic vision to enhance our institutional offerings and drive innovation in the eFX space. We believe that this will benefit both organisations and provide our clients with improved trading solutions, especially in the Asian region."

The collaboration is set to create opportunities for leveraging ATFX Connect liquidity within the Spark Systems platform. This move builds on ATFX's ongoing efforts to enhance its trading infrastructure, which have contributed to its position as a significant player in the industry.

Joo Seng Wong, Founder & CEO, Spark Systems

Joo Seng Wong, Founder & CEO of Spark Systems, expressed optimism about the partnership: "This collaboration with ATFX represents a significant step forward in our mission to deliver exceptional trading solutions. Together, we will empower ATFX clients with enhanced access to liquidity and offer advanced trading capabilities."

This investment comes at a time when institutional forex trading is seeing increased demand for more sophisticated and efficient trading solutions. By partnering with Spark Systems, ATFX aims to strengthen its competitive edge in the institutional FX market, particularly in Asia.

The forex industry has been witnessing a trend of brokers expanding their institutional offerings and investing in advanced trading technologies. ATFX's move aligns with this trend, potentially positioning the company to capture a larger share of the institutional forex market.

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK's FCA, Australian ASIC, Cypriot CySEC, UAE's SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
 

ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA),  AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC), and AT Global Financial Services (HK) Limited (authorised and regulated by the SFC). Connect is the Institutional arm of the wider ATFX Group.

ATFX Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious Metals to a wide range of institutional clients from hedge funds, Tier 1 global and regional banks, high net worth investors, asset managers, family offices and other brokers. 

ATFX Connect's liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. 

Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group's MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API. 

Founded in 2016, Spark Systems builds next generation high speed trading platforms. Spark Systems has developed robust eFX trading platforms and the company is uniquely designed to support both buy-side and sell-side clients. The firm has to date received investments from leading global and regional institutions including Citibank, HSBC, Philips Venture, Vickers Venture, Integra Ventures, FengHe, Jubilee CM, Farquhar Venture Capital, 5X Capital, OSK  etc. Spark Systems is a grant recipient of Monetary Authority of Singapore FSTI grant. Spark Systems focus is on building state of the art trading technology and infrastructure. The company is connected with all global top 20 FX liquidity providers and eFX non-bank hedge funds as well as major primary markets/ECNs. Today Spark Systems already serves leading banks in Asia. This positions the company for sustained and exponential growth in the FX market; the world largest and most liquid marketplace.