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Takeprofit Tech Partners with Match-Trade Technologies to Enhance Offering

Takeprofit Tech Partners with Match-Trade Technologies to Enhance Offering

Takeprofit Tech, the fintech software developer, has partnered with US-based Forex and Cryptocurrency technology provider Match-Trade Technologies,

The partnership announced this week will see both companies expand the range of their services.

Match-Trade’s bespoke solutions will now become available for Takeprofit’s clients, whilst Takeprofit Tech, founded in 2013 with offices in Russia and in Cyprus, will deliver a wide range of products to Match-Trade for MT4/MT5, including the EasyMAM – a money management solution for MetaTrader 5 platform provided by Match-Trade to expand the range of services available to White Label Forex brokers.

The proposed solution is designed to help brokers to attract new clients and increase trade volumes. The integration with Match-Trade’s aggregated liquidity pool will allow brokers’ using Takeprofit Bridge access to more than 20 Liquidity Providers (banks and non-banks) as well as a connection to its Data Feeds.

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Chris Dankowski, Chief Business Development Officer of Match-Trade Technologies said of the partnership:

“Our Liquidity was already integrated with Takeprofit Bridge, so I’m glad we get to continue the cooperation. We also find many useful features in EasyMAM, therefore, we look forward to offering our clients Takeprofit Tech solutions”

Meanwhile, Valentine Piotrovich, Head of Business Development of Takeprofit Technology added:

“It is a great pleasure to work with the Match-Trade Technologies team. Their solutions are designed to solve every task a broker is facing to be successful and to offer excellent service to its clients. We appreciate this and will do our best to deliver the value of Match-Trade high-quality solutions to the market.”

Source

New Change FX Taps EOSE to Expand TCA and Data Distribution

New Change FX Taps EOSE to Expand TCA and Data Distribution

New Change FX, an independent data and analytics business, has teamed up with EOSE to further strengthen distribution of their independent FX data and TCA tools.

The EOSE is providing New Change FX with a team of expert data sales and business development professionals. This collaboration enables NCFX to concentrate its resources on developing core business strategies, the company said on its blog.

The offering helps pre-trade and post-trade TCA clients better monitor their transaction costs when trading foreign exchange markets. The upgraded service enables FX investors to understand the liquidity environment and manage volatility, which can help reduce trading costs and improve foreign exchange strategy.

New Change FX provides a live spot FX benchmark that has been authorized by both the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA). The company also offers other consolidated forex reference rates.

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The models provided through these APIs give New Change FX’s customers the ability to forecast the effects of trading and, therefore, adjust their execution strategy so they can trade more efficiently.

According to EOSE founder and CEO, Suzanne Lock, “We are thrilled to be working with this exciting new data provider. As with many of our partners, New Change FX provides a unique and highly desirable data set which we know is of great interest to many market participants. NCFX is dedicated to creating an efficient and transparent market that is fair for everybody and we are delighted to be an integral part of their business development journey.”

Andrew Woolmer, CEO of New Change FX said, “EOSE’s deep understanding of the industry and proven business development capabilities were key factors in our decision to engage with them. NCFX regulated benchmark data is highly relevant to the investors and corporations the world over. We firmly believe this new relationship will help us to significantly accelerate our ambitious goal which is to provide our data and analytics on a global basis. We are looking forward to achieving great things together.”

The future of TCA providers is promising due to increasing transparency requirements that define the conduct of all market participants, including the need for buy-siders to prove the best execution. For instance, MiFID II requires participants to achieve the best possible result for clients, taking into account a range of execution factors.

Source

A Guide to Authentication Methods (Infographic)

A Guide to Authentication Methods (Infographic)

Stolen passwords and weak passwords are responsible for over 80% of security breaches in 2018, and in 2019 over 150,000 security incidents and nearly 4,000 confirmed data breaches were caused due to weak or stolen passwords. Passwords are some of the weakest forms of authentication, and when user authentication is not secure, cybercriminals have easy access to take whatever information they want. 

Creating the perfect authentication method does not include just security, but also user convenience. Passwords and security questions are a very weak form of authentication as it leans on ‘shared secret’ between a service provider and a user. This also makes the user responsible for protecting and remembering multiple passwords at once, and with security questions, answers to those questions can commonly be found readily available on the user’s social media, rendering them nearly useless. A more secure way of authentication is to call a registered number to confirm a user’s identity, but this is not perfect as it requires a user to have a phone at the ready, and phone calls can be easily intercepted and redirected. Time based one use passwords are sent through a push notification, SMS message, or through an email. Codes sent expire after a short time, meaning even if they are compromised, the code can not be used. This form of authentication is more secure, but is still vulnerable to SIM hijacking, malware, and notification flooding attacks. Biometrics are some of the most secure types of authentication – though the tech utilizing it is still not perfect and can suffer from false positives. Biometrics are also some of the most convenient form of authentication as you always have your DNA, fingerprints, or face at the ready, and you do not need to remember a password.

Learn more about a guide to authentication methods and how the future without passwords is becoming a reality here:

A Guide to Authentication Methods (infographic)

A Guide to Authentication Methods (infographic)Source