TradeTech: Transforming the Retail FX Industry

Playtech Plc’s acquisition of CFH Clearing and Alpha Capital Markets has resulted in the biggest and most ambitious consolidation to have taken place in the retail FX industry. The strength of Playtech’s financial division, TradeTech Group, is unparalleled in the sector. Its B2B solutions include multi-asset execution, prime brokerage services, liquidity and risk management tools in addition to the division’s proprietary trading platform, CRM and back office systems, risk management and dealing services. e-Forex talks to senior representatives from across the organisation to find out how TradeTech is transforming the client experience.

First Published: e-Forex Magazine 79 / Sponsored Statement / December, 2017

Christian Frahm CEO, CFH Group
Christian Frahm CEO, CFH Group

Two major trends

Christian Frahm, CEO, CFH Group explains, “The main focus of the TradeTech Group is to help our broker clients to grow – leveraging our technology, our balance sheet, our award-winning liquidity and our experience in the markets. Working in partnership with Playtech has helped us to see the industry from a fresh perspective – to focus on pushing boundaries and learn from their experience in the gaming industry. We are seeing two major trends in the industry: multi-product brokerages - i.e. helping brokers to diversify by offering more products from the same platform – and automation, which is an area that Playtech has vast experience in from the gaming industry. We can lead the market in both of these areas.”

Matthew Mahoney, CEO, CFH Clearing
Matthew Mahoney, CEO, CFH Clearing

Growth of automation

Frahm predicts, “Over the next few years we will see huge changes in terms of automation and this is an area Playtech is investing heavily in. They have a team of over 100 people developing automated systems and have already created advanced solutions to enable brokers to run an entirely automated business. The industry hasn’t evolved significantly over the last decade but major change is on the horizon and TradeTech is at the forefront of these changes.”

Meanwhile Matthew Maloney, CEO, CFH Clearing, states, “Being part of the TradeTech Group, with the resources of a $4 billion market capital organisation has enhanced our position with our PBs over the last year. Our clients benefit from the strengths of these relationships in terms of the range of liquidity and competitive pricing. With the synergies across TradeTech, we can offer institutional clients access to a broader range of services and tangible business benefits from the organisation’s significant investment in technology.”

Muhammad Rasoul, CEO, TradeTech Alpha
Muhammad Rasoul, CEO, TradeTech Alpha

Great marriage

Finally Muhammad Rasoul, CEO, TradeTech Alpha says, “The TradeTech Group is a great marriage – we have the best in liquidity, execution and clearing from CFH Clearing as well as market-leading risk services from TradeTech Alpha, all backed by the resources and balance sheet of a FTSE 250 company, Playtech.”

“Playtech has the largest balance sheet in the industry,” maintains Rasoul, “and it gives our clients a complete sense of security that, when dealing with us, they don’t need to worry about counterparty risk.”

For more information, please visit www.tradetech-group.com