fx-trading
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Wong Joo Seng and the price of a millisecond
An expensive trading bill sent Wong Joo Seng looking for a better way to move money. Three businesses into his career, the Spark Systems co-founder is still working on the machinery behind the trade.
Integral Development sells the machinery behind the money
Banks want their own prices, their own customers and their own rules. Integral supplies the trading machinery - for a fixed subscription - and is taking the same idea into crypto and precious metals.
Eurobase and the £250,000 case for less retyping
The software behind insurers and bank dealing rooms rarely gets a curtain call. Eurobase’s customer projects show why joining up the paperwork can matter as much as the next new product.
United Fintech wants banks to share the machinery
Five global banks have bought into Christian Frahm’s fintech group. His wager: rival institutions can share the software behind finance while competing for the business in front of it.
Spark Systems Pte Ltd
Spark Systems is a Singapore-based financial technology company building next-generation electronic foreign exchange (eFX) trading platforms. Its ultra-low latency aggregator and eFX solution platform give banks, hedge funds, central banks, sovereign wealth funds and corporate treasuries fast, resilient and cost-efficient access to FX liquidity, price construction, auto-hedging, risk control and white-label distribution. Founded in 2016 by veteran FX trader Wong Joo Seng, the company is backed by global institutions including HSBC, Citi and Goldman Sachs, and counts OCBC and ATFX among its partners.
SUNRATE
SUNRATE is a Singapore-headquartered global payment and treasury management platform for businesses. Founded in 2016, it lets enterprises move money across more than 190 countries and regions in 130+ currencies, collect in 30+ currencies, issue multi-currency commercial cards, and manage FX and treasury through proprietary tools like TreasuryOS - all via a single platform and set of APIs. Backed by investors including Peak XV (formerly Sequoia Capital Southeast Asia) and Prosperity7 Ventures, and a principal member of both Mastercard and Visa, SUNRATE serves e-commerce, travel, logistics, maritime and other cross-border sectors.