Broctagon Fintech Group News
Latest liquidity news from Asia’s premiere banking grade liquidity source
“Labuan has adopted a very positive and welcoming attitude to new entities in the region. We can see the positive outlook thriving and the authorities have created a favourable environment for financial activities to grow quickly and the local economy to mature,” Cecilia Chan, Executive Director of Broctagon Prime Markets.
- 05.05.2021
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Broctagon is proud to announce that Cecilia Chan, a sell-side veteran with two decades of experience, has joined us as Executive Director. This appointment comes shortly after Broctagon officially obtained its new Money Broking Licence from the Labuan IBFC.
- 24.03.2021
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Broctagon Fintech Group is proud to announce that we have obtained a Money Broking Licence from the Labuan International Business and Financial Centre (Labuan IBFC).
- 28.10.2020
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Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.
- 19.10.2021
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Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.
- 15.10.2021
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BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.
- 13.10.2021
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AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple.
- 28.09.2021
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ParallelChain, an award-winning blockchain wallet solution provider, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ian Huang, Founder and CEO of ParallelChain, said: “The DeFi and crypto space is reshaping the financial system. Due to these distinctive characteristics, DeFi community and traditional enterprises are facing big challenges as they become more intertwined. We need to create an environment that enables seamless access between the two, one that understands their respective needs and values — this is at the heart of what we do at ParallelChain. In support of the WorldBook initiative, ParallelChain will bring the much-needed stability, accountability and privacy protection for the institutional adoption of crypto.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on ParallelChain’s participation on the WorldBook network, saying: “More than just a wallet solution, ParallelChain’s cross-functional utility can even cover KYC, data security, and supply chain solutions. Through their understanding of scalability, latency and security — all important issues surrounding blockchain technology, the WorldBook will gain a greater perspective of how blockchain can be employed in various use cases.” About ParallelChainParallelChain is a layer-1 project that brings accountability to the public blockchain and crypto sector. Comprised of public and private networks, ParallelChain creates an ecosystem where enterprises and the crypto community can enjoy seamless access to each other’s markets and value-adding interaction. It provides the necessary backbone infrastructure as this new fusion economy takes shape. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about ParallelChain, visit: Website: https://www.parallelchain.io/Telegram: https://t.me/parallelchainofficialTwitter: https://twitter.com/DTL_blockchainLinkedIn: https://linkedin.com/company/digital-transaction-limitedMedium: https://medium.com/digital-transaction-limitedYouTube: https://www.youtube.com/c/DigitalTransaction To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 13.09.2021
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AlphaPoint, a global provider of white-label software for launching and operating crypto and digital asset marketplaces, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Igor Telyatnikov, Co-founder and CEO of AlphaPoint, said: “AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013. We are committed to furthering development and implementation of new technologies and standards to promote adoption worldwide and increase the net-benefit impact of crypto. Our membership in the WorldBook movement is an expression of this commitment, and we expect exciting opportunities to follow from this partnership.” Ted Quek, CTO of Broctagon Fintech Group, commented on AlphaPoint’s participation on the WorldBook network, saying: “AlphaPoint is uniquely positioned as the only technology provider in the crypto-exchange platform space that offers software solutions for both primary issuance and secondary trading. Given their experience in launching exchanges from the ground up, we are excited to welcome AlphaPoint to the WorldBook. As a solutions provider, their adoption of universal crypto-standards will undoubtedly set the pace for their takers.” About AlphaPointAlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about AlphaPoint, visit: Website: https://alphapoint.com/Facebook: https://www.facebook.com/AlphaPointLive/Twitter: https://twitter.com/AlphaPointLiveLinkedIn: https://linkedin.com/company/alpha-pointYouTube: https://www.youtube.com/channel/UClPeLvua-m00J_I5ah8ZdpQ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 08.09.2021
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Archax, the first FCA-regulated exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Simon Barnby, CMO of Archax, said: “Archax has built its niche working in highly regulated markets. This has enabled us to acquire a deep understanding of the blockchain and DLT landscape as well as a vision of how to evolve and transparently open up digital assets to institutions. As the only FCA-regulated digital securities exchange, we are excited to be working with WorldBook to continue our journey to enable the onset of mass digital asset acceptance.” Ted Quek, CTO of Broctagon Fintech Group, commented on Archax’s participation on the WorldBook network, saying: “Archax’s extensive portfolio encompasses investment, trading, listing and digital asset custody. Their work and experience with both institutional investors and regulatory bodies will help paint a clearer picture of the latter’s expectations, and we are thrilled to have them onboard the movement.” About ArchaxArchax is a global, FCA-regulated, digital asset exchange, brokerage and custodian based in London. Founded by experts from the financial markets world and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain-centric crypto community and the traditional investment space. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Archax, visit: Website: https://www.archax.com/Twitter: https://twitter.com/archaxexMedium: https://medium.com/archaxexLinkedIn: https://www.linkedin.com/company/archaxex/ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 02.09.2021
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BTSE, a multi-currency digital assets exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Jonathan Leong, Founder of BTSE Jonathan Leong, Founder of BTSE, said: “Through technology, BTSE aims to bridge the convenience of digital assets solutions with the conventions of traditional finance. As such, we are delighted to be part of the NEXUS WorldBook through our strong partnership with Broctagon Fintech Group. Together we strengthen crypto’s market network to bring digital assets to the forefront of the institutional financial landscape.” Cecilia Chan, Head of Liquidity (Asia) and ED of Broctagon Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on BTSE’s participation on the WorldBook network, saying: “BTSE’s suite of turnkey exchange solutions include spot trading, white-labels, OTC, asset management, and payment gateways. Now with access to the WorldBook’s unified liquidity standard, BTSE’s liquidity pool will be positioned to offer better prices and tighter spreads for the many arms of its business.” About BTSEBTSE is a leading digital assets exchange and fintech company that empowers users by offering a simple and secure way to trade. Its growing suite of financial services is designed to bridge digital assets solutions with traditional finance. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about BTSE, visit: Website: https://www.btse.com/Facebook: https://www.facebook.com/btsecomTwitter: https://twitter.com/BTSEcomMedium: https://btse-official.medium.com/Telegram: https://t.me/btsecomYouTube: https://www.youtube.com/channel/UCnCG4T18V6MfNxCnTTCWV0g/featured To find out more about or to join the Nexus WorldBook, visit:Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 27.08.2021
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Hodlnaut, a crypto interest-earning platform based out of Singapore, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Juntao Zhu, Co-founder and CEO of Hodlnaut, said: “Traditionally, Bitcoin holders will only be able to profit off-price increments from the asset. At the same time, they’re also looking for ways to improve the return on their assets while waiting for the value to appreciate. That’s why we came up with Hodlnaut. We want to help Bitcoin holders earn interest on their Bitcoin and unlock its full value and the opportunity costs of holding it. This method is called “yield farming.” What makes us different from, let say, depositing your assets into decentralized finance is that we focus on the customer experience. As a centralized finance platform, we take care of everything and ensure users get the best return on their investment without any hassle. The WorldBook initiative is a wonderful avenue where we can work together towards a more standardized and healthy crypto ecosystem.” Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Hodlnaut’s participation on the WorldBook network, saying: “We are pleased to welcome Hodlnaut to the WorldBook initiative. With up to 12.73% APY, Hodlnaut’s crypto-interest account allows for its clients to deposit crypto and earn immediately with no lock ups or withdrawal limits. As crypto becomes a bigger part of mainstream investment, crypto-finance companies like Hodlnaut will play an integral role in financing the crypto-economy.” About HodlnautHodlnaut is the leading Crypto Borrowing and Lending Platform based in Singapore whose mission is to provide financial services to cryptocurrency users. The platform currently has over $500 Million USD of Digital Assets under Management and is growing at an average of 20% month on month. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Hodlnaut, visit: Website: https://www.hodlnaut.com/Facebook: https://www.facebook.com/hodlnautdotcomInstagram: https://www.instagram.com/hodlnautdotcom/Twitter: https://twitter.com/hodlnautdotcomTelegram: https://twitter.com/hodlnautdotcom To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 24.08.2021
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In this latest version update AXIS CRM V5.15, we are pleased to announce the launch of a game-changer for FX brokerages using AXIS – the Progressive Web App (PWA) client portal. We also introduced other updates that would improve dynamic customization and control for brokers to onboard new users. Progressive Web App (PWA) We have launched the progressive web app (PWA) for brokers, introducing a stunning combination of rich functionality and the smooth user experience associated with native apps, while also offering seamless compatibility. The PWA will mimic navigation and interactions of a native app, allowing brokers to implement dynamic functionalities without requiring any complication installation process. The PWA will bring a host of advantages to brokerages and their clients: Full Responsiveness and Browser Compatibility: PWAs work with all browsers and are compatible with any device, delivering the same experience to tablet and mobile users as well. The PWA is built according to progressive enhancement, a web design strategy that provides functionality and content regardless of types of browsers while delivering more sophisticated page versions to users whose newer browsers can support them. Connectivity Independence: Progressive web applications can work both offline and on low-quality networks and delivers basic functionality regardless of connectivity. Easy Updates and Installation: Apps can be shared through a URL instead of having to download it only from the app store. The installation is simple, traders can now install the client portal desktop app from their browsers. Here’s how you share the PWA for different operating systems and devices: For Apple iOS Devices Safari browser: The installation window cannot be set to automatically pop up. Users can click the "Share" button and select "Add to Home Screen" from settings Chrome and Edge browsers: Similarly, the installation window cannot be set to automatically pop up. The PWA cannot be added to the desktop through these browsers, as iOS system does not allow this permission to third-party applications. For Android Devices For Chrome and Edge browsers: Different mobile phone brands may behave differently. The following brands have been tested: OPPO, Xiaomi: The installation window pops up, and PWA can be installed on the desktop. HUAWEI HarmonyOS: The installation window pops up, users can manually add it to their desktop. Dynamic KYC Forms We have also introduced dynamic KYC form settings to introduce a more seamless and efficient onboarding process for different categories of clients that may require different sets of KYC information. Admins can now add multiple KYC forms under the ‘KYC Settings’ in the ‘KYC Dynamic Form’ tab. Field descriptions can now be added on the ‘Form Type Settings’ page to provide clarity for forms and their functions for internal teams. Admins can edit, disable, or delete the forms from the same page. We have added a preview function in the ‘Display Mode’ for documents uploaded to ‘KYC Dynamic Form’. The only formats not supported are .txt, .xlsx and .docx. On the client portal, users will get the option to select the relevant KYC form before submitting it. The trader registration process is optimized to 4 steps to greatly reduce sign-up friction. Client Management A new ‘tasks’ function has been added to allow brokers to better manage clients and structure their internal processes by creating tasks and to-do lists. Here is the new ‘Tasks Settings’ page, which shows an overview of all pending tasks assigned, follow-up needed for clients and their priority status. Tasks will also show up on a specific client’s page, and admins can add new tasks where needed. Tasks can also be set to follow up on a ‘Leads’ page, so that no potential leads are lost.Permissions can be configured for different admin levels such as ‘Read Tasks’ and ‘Add Tasks’. Types of admin-data permissions include: Company Wide: View all tasks assigned to company-wide on the list, and client and lead details pages. All Referred Clients: View tasks assigned to all subordinate users on the list, including client and lead details pages. Directly Referred Clients: View tasks assigned to direct subordinate users on the list, including client and lead details pages. Time stamps have been added to ‘Follow-up Record’ to allow client follow-ups to be better managed. Automated System Tags For certain event-trigged actions, the CRM system can now tag these actions automatically, allowing admins to sort and view account actions clearly. These events are: ‘Deposited’: The trading account or wallet has made its first deposit ‘Account Opened’: The trading account has been opened or bound to a client ‘Traded’: The bound trading account has a opened a position or created a trade history These system tags are also added as a new field in the filters for the ‘Client’ list, where admins can check and filter accounts that have performed specific actions, in order to follow up with them. The filtering system has also been enhanced to filter by ‘Trading Account’ and ‘Lead Source’. Deposit Settings We have added an automatic retry function in the event of a deposit auto-approval failure. Admins can trigger this function by checking “Automatic retry on audit failure” to allow the system to automatically retry failed approval requests. This function allows the system to automatically attempt re-approval in the event that the MT connection is unstable and causes deposit auto-approval to fail initially. Caution: When the system automatically retries deposit approval, it checks the trading platform’s database for the corresponding deposit records. However, in abnormal situations, if the database fails to sync the correct result, this will result in duplicate deposits. Brokers will then have to manually withdraw the incorrect funds or consider disabling this function. It is highly recommended that brokers using this function continuously perform account reconciliation to detect duplicate deposits. Retry settings: If the option ‘Automatic’ or ‘Partial Approval’ has been selected, and the ‘Automatic retry” box is checked, the system will perform a deposit retry on the failed records every 30 minutes for records within the hour. Notification settings: Admins can configure settings to send notifications to selected parties in the event of an automatic verification failure. A description field has been added to online deposit method in ‘Deposit Settings’. Users can now configure a time range according to time zones for their ‘Daily Deposit Settings’. Automated Affiliate Tier Upgrade As the core of the AXIS CRM, the multi-tier affiliate system has received another major upgrade. With the new automated tier upgrade function, affiliate promotions can now be self-triggered upon criteria fulfilment, allow brokers and IBs to manage their affiliate networks much more efficiently. Tier Upgrade Settings: Affiliate network tiers can now be upgraded automatically via a sophisticated rule-setting algorithm. Simply create a new rule and set the relevant parameters in which a client’s tier should be upgraded. When these criteria are met, the upgrade happens automatically with no manual administrative process required. Tier Upgrade Reports: Reports can be generated for an in-depth overview of clients and their current tiers, network hierarchy, their new upgraded tiers and more. A time range function has been added for which client reports can be viewed. Limits can be set for a number of weeks or months, and further segregated by levels of referred clients. Client Portal Client Dashboard(i) For quicker navigation, shortcuts to frequently-used functions have been added to the dashboard, so that clients can click on the icons to access them. (ii) An overview chart of the user’s ‘Total Balance’ in the last month can also be viewed from the dashboard. My ClientsClient data has been streamlined with a detailed ‘Client Distribution’ table, sorting number and percentage of clients by country. CommissionAn overview chart of the user’s ‘Commission’ in the last month can be viewed from the Referral tab. Exchange RateIf the exchange rate has been changed, a prompt will now appear when clients attempt to make a deposit, transfer, or withdrawal, to keep them informed and updated. Sign Up Free Trial Book a Demo
- 22.02.2023
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In the foreign exchange (FX) market, liquidity providers and brokers work together to facilitate trading. Liquidity providers supply the market with tradable currency pairs and provide pricing information. Brokers, on the other hand, connect traders with liquidity providers and execute trades into the market, on their behalf.
- 15.02.2023
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Liquidity providers play a crucial role in financial markets and exchanges to ensure a seamless execution of trades, and to provide buyers and sellers with the ability to buy and sell at any time. By providing liquidity to the market, liquidity providers help reduce volatility, ensure that prices remain stable, and minimize the risk of slippage - the difference between the expected trade price and the actual price.
- 10.02.2023
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Broctagon was at the largest event of the B2B fintech industry, the first of the year, iFX Expo Dubai 2023. We were at Booth 85 from January 17-18, at the Dubai World Trade Centre, Za’abeel Hall 6. It was an extremely busy and fruitful two days at the Broctagon booth with overwhelming interest from the crowd over our competitive liquidity offering boasting tight spreads from as low as 0, unique customizability and wide range of instruments. We are grateful for all the new partnerships forged as well as the support of existing clients. Don't miss our expo-exclusive signup An expo highlight is our flagship product - AXIS - a highly-customizable powerful, modular CRM complete with an IB-centric module that boasts some of the most advanced affiliate marketing tools for rapid market expansion. For a limited time during the expo, we are offering prospective clients a risk-free signup to experience the spectacular features of AXIS, no setup or migration fees needed! Brokers who schedule a demo with us during the iFX Expo period (either virtual or in-person). Schedule a Consultation Schedule a meetup to find out about our performance-driven and bespoke solutions that will help your brokerage take the competitive edge. Scheduled a Consultation Scheduled a Consultation Past iFX Expos As veteran partners of iFX Expo, here’s a recap on our participation in last year's iFX expos around the world, sharing our expertise on building a competitive forex business with brokers globally.
- 19.01.2023
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It's the first event of the new year! Start off the year with new inspiration as we once again convene at the leading global B2B fintech event, iFX Expo Dubai 2023! Join us in the UAE for a 2-day event where industry pioneers share and shape the next big idea in FX innovation.
- 15.01.2023
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Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.
- 19.10.2021
- READ MORE
Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.
- 15.10.2021
- READ MORE
BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.
- 13.10.2021
- READ MORE
“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.
- 10.10.2021
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Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.
- 19.10.2021
- READ MORE
Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.
- 15.10.2021
- READ MORE
BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.
- 13.10.2021
- READ MORE
“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.
- 10.10.2021
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“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”
- 06.10.2021
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AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple.
- 28.09.2021
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Singapore, September 14, 2021: Fintech solutions provider, Broctagon Fintech Group, today launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry. WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework. Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within their orderbook, limiting their offerings and therefore prices to the participants within. The eponymous WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow. Instead of being confined to local orderbooks which may represent less than 1% of the total industry, exchanges now gain access to 85% of the market. This is made possible by the NEXUS 2.0 aggregator, the driving engine that powers the WorldBook with SOR (Smart Order Routing), which allows for global price discovery and best bid and offer. Don Guo, CEO of Broctagon Fintech Group “Despite the gaining acceptance of crypto, it remains a “wild west” with no dominant technology or standard in which it operates. With the WorldBook’s price aggregation, we found that bitcoin had an average negative spread of USD$10, even amongst the major exchanges. This means that with over USD$15.5 trillion in trading volume over the past year, traders could have saved USD$5.7 billion in spreads and this is for bitcoin alone, which is already the most efficient and liquid digital asset. The price disparity could only be worse for the thousands of altcoins across many smaller exchanges.” said Don Guo, Co-Founder and CEO, Broctagon Fintech Group highlighting the issues. “We engineered the WorldBook infrastructure taking a page from the fundamentals of FX interbank liquidity. With our experience as a regulated FX liquidity provider, we believe the Prime of Prime (PoP) model has the potential to disrupt the industry and increase crypto trading volumes by more than 400% in the near future.” The WorldBook is part of Broctagon’s commitment to propel the crypto industry towards regulatory compliance, adoption, and maturity. As Singapore looks to be a poster child for the crypto industry with its welcoming policies, the homegrown fintech company seeks to support this national agenda. Exchanges are welcome to connect to the WorldBook for free. The advantages for exchanges include an evident increase in volumes and a decrease in bid-ask spread amongst others. For example, the BTSE exchange experienced an eight-fold increase in trading volume, surpassing 10,000 trades across six crypto pairs within the first month. “Liquidity challenges exist for newer and established exchanges alike. The former requires extensive capital for marketing to capture enough users for a liquid orderbook while the latter often pay hefty fees for external market maker services to drive profitability. The WorldBook is a solution for both. With universal prices and unprecedented depth, exchanges can focus on other aspects of the business to bring further value to their clients.” said Don. Shadab Taiyabi, President of Singapore FinTech Association “We congratulate Broctagon, which is one of our active members, on their launch of the WorldBook. The growth of our FinTech ecosystem is a collective effort of all members of the community, fintech and financial institutions alike,” said Shadab Taiyabi, President of Singapore FinTech Association, a cross-industry non-profit initiative recognised by the Monetary Authority of Singapore. Globally, crypto exchanges that are not within the top 3 percentile account for only less than 10% of total trading volume, according to data derived from CoinGecko. With its symmetrical flow of liquidity, the WorldBook levels the playing field for newer exchanges to contend and explore new frontiers, driving growth for the entire industry at large. “We recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we shall support them as they look to introduce cohesive standards for the entire industry and elicit greater public adoption of cryptocurrency,” said Weber Woo, CEO, XT Exchange, the first digital asset social trading platform with close to half a million active monthly traders. Beyond a liquidity network, the Worldbook is also an open initiative to forge greater collaboration amongst industry peers old and new, to create a digital asset landscape primed for multifaceted participation. Amongst its pioneering members are Huobi Group, FCA-regulated Archax, BitKub, as well as RegTech companies such as Horangi and Cypnopsis as well as Defi and blockchain firms like Hodlnaut and Bholdus amongst many others. Those who want to be members may visit nexusworldbook.com to indicate interest. Alternatively, they can reach out to the WorldBook through its Telegram (https://t.me/nexusworldbook) or drop the WorldBook an email at [email protected].
- 14.09.2021
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ParallelChain, an award-winning blockchain wallet solution provider, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ian Huang, Founder and CEO of ParallelChain, said: “The DeFi and crypto space is reshaping the financial system. Due to these distinctive characteristics, DeFi community and traditional enterprises are facing big challenges as they become more intertwined. We need to create an environment that enables seamless access between the two, one that understands their respective needs and values — this is at the heart of what we do at ParallelChain. In support of the WorldBook initiative, ParallelChain will bring the much-needed stability, accountability and privacy protection for the institutional adoption of crypto.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on ParallelChain’s participation on the WorldBook network, saying: “More than just a wallet solution, ParallelChain’s cross-functional utility can even cover KYC, data security, and supply chain solutions. Through their understanding of scalability, latency and security — all important issues surrounding blockchain technology, the WorldBook will gain a greater perspective of how blockchain can be employed in various use cases.” About ParallelChainParallelChain is a layer-1 project that brings accountability to the public blockchain and crypto sector. Comprised of public and private networks, ParallelChain creates an ecosystem where enterprises and the crypto community can enjoy seamless access to each other’s markets and value-adding interaction. It provides the necessary backbone infrastructure as this new fusion economy takes shape. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about ParallelChain, visit: Website: https://www.parallelchain.io/Telegram: https://t.me/parallelchainofficialTwitter: https://twitter.com/DTL_blockchainLinkedIn: https://linkedin.com/company/digital-transaction-limitedMedium: https://medium.com/digital-transaction-limitedYouTube: https://www.youtube.com/c/DigitalTransaction To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 13.09.2021
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AlphaPoint, a global provider of white-label software for launching and operating crypto and digital asset marketplaces, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Igor Telyatnikov, Co-founder and CEO of AlphaPoint, said: “AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013. We are committed to furthering development and implementation of new technologies and standards to promote adoption worldwide and increase the net-benefit impact of crypto. Our membership in the WorldBook movement is an expression of this commitment, and we expect exciting opportunities to follow from this partnership.” Ted Quek, CTO of Broctagon Fintech Group, commented on AlphaPoint’s participation on the WorldBook network, saying: “AlphaPoint is uniquely positioned as the only technology provider in the crypto-exchange platform space that offers software solutions for both primary issuance and secondary trading. Given their experience in launching exchanges from the ground up, we are excited to welcome AlphaPoint to the WorldBook. As a solutions provider, their adoption of universal crypto-standards will undoubtedly set the pace for their takers.” About AlphaPointAlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about AlphaPoint, visit: Website: https://alphapoint.com/Facebook: https://www.facebook.com/AlphaPointLive/Twitter: https://twitter.com/AlphaPointLiveLinkedIn: https://linkedin.com/company/alpha-pointYouTube: https://www.youtube.com/channel/UClPeLvua-m00J_I5ah8ZdpQ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw
- 08.09.2021
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In the foreign exchange (FX) market, liquidity providers and brokers work together to facilitate trading. Liquidity providers supply the market with tradable currency pairs and provide pricing information. Brokers, on the other hand, connect traders with liquidity providers and execute trades into the market, on their behalf.
- 15.02.2023
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Broctagon Fintech Group today announces the appointment of Michael Lee as Head of FX Sales to support its move towards establishing a greater presence in the APAC region.
- 10.06.2021
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“Labuan has adopted a very positive and welcoming attitude to new entities in the region. We can see the positive outlook thriving and the authorities have created a favourable environment for financial activities to grow quickly and the local economy to mature,” Cecilia Chan, Executive Director of Broctagon Prime Markets.
- 05.05.2021
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Brokerages in Asia will now have a wider variety of trading platforms made available with Broctagon's Spotware partnership to offer the cTrader Platform.
- 13.10.2020
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Broctagon would be working alongside trading technology firm TradAir to provide cryptocurrency liquidity akin to the foreign exchange (FX) market. | Finance Magnates
- 14.01.2019
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“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.
- 10.10.2021
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“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”
- 06.10.2021
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“Labuan has adopted a very positive and welcoming attitude to new entities in the region. We can see the positive outlook thriving and the authorities have created a favourable environment for financial activities to grow quickly and the local economy to mature,” Cecilia Chan, Executive Director of Broctagon Prime Markets.
- 05.05.2021
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The decision to regulate all entities operating within the cryptocurrency industry in Hong Kong has been dubbed as a "positive move" by Broctagon CEO.
- 04.11.2020
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Broctagon Fintech Group, a liquidity and technology provider to the brokerage industry, has partnered with Spotware, thus becoming a specialist provider of cTrader White Labels.
- 12.10.2020
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Singapore-based Broctagon Fintech Group has upgraded its NEXUS 2.0 liquidity aggregator technology, with the launch of Native Altcoin Liquidity Management.
- 02.09.2020
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Halving might boost Bitcoin price due to its added scarcity, giving it a positive trend, says Broctagon CEO Don Guo in his analysis to CoinDesk.
- 04.05.2020
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Multi-asset liquidity provider Broctagon has launched NEXUS 2.0, a new service designed to tackle the issue of crypto exchange price disparity. | Coin Rivet
- 11.12.2019
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Broctagon would be working alongside trading technology firm TradAir to provide cryptocurrency liquidity akin to the foreign exchange (FX) market. | Finance Magnates
- 14.01.2019
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