FDCTech Launches Condor Price Hub, A New Connectivity As a Service Platform to Enhance Market Trading Liquidity And Execution

Rhea-AI Summary

FDCTech, Inc. (FDCT) has launched the Condor Price Hub, enhancing trading liquidity and execution for forex brokers and banks. This platform connects users to institutional market data and reduces setup time from months to less than five days, optimizing operational costs. The Condor Price Hub supports eCommerce solutions, integrates with legacy platforms, and offers 24/7 technical support.

Positive

• Launch of the Condor Price Hub enhances trading liquidity.
• Reduces new trading venue setup time from months to less than five days.
• Compatible with popular legacy trading platforms and third-party infrastructure.
• Supports a wide range of functionalities, including eCommerce trading solutions.

Negative

• None.

Irvine, CA, Aug. 17, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fully integrated financial technology company with a full suite of digital financial services solutions, today announced the launch of Condor Price Hub, new connectivity as a service platform that enhances market trading liquidity and execution. This platform offers retail forex brokers, hedge funds, and emerging market banks ('takers') the opportunity to connect to institutional multi-asset market data and trade execution ('liquidity') access across multiple trading venues provided by liquidity providers, banks, and other hubs ("makers").

The Condor Price Hub is flexible and integrates seamlessly with dealing desk solutions. It reduces the time to market for connecting to a new trading venue from months to less than five (5) days, lowering operational costs and freeing up human resources for both makers and takers so that they can concentrate on the core business.

In addition, the Condor Price Hub can be used for a wide variety of tasks, such as eCommerce/wholesale trading solutions, from managing credit lines and tiering prices to straight-through-processing block trades. Further, the connectivity is compatible with popular legacy trading platforms and third-party trading infrastructure.

"We are pleased to announce our new pricing engine for the wide array of our global trading and investment clientele. This will substantially enhance trading execution and liquidity through our seamless connectivity Condor Gateway," said FDCTech, Inc. Founder and CEO Mitchell M. Eaglstein. "The new product builds on our strategy of developing our company into being a leading, fully integrated technology company that delivers solutions to the growing financial sectors of foreign currency crypto, and wealth and asset management."

The Condor Price Hub platform supports different feeds through plugins, including PrimeXM, OneZero, Celera, GCEX, and other bank liquidity. Further, the technology has a single point historical data storage with advanced quote filtering, notifying subscribers about new quotes, performance analytics by connecting to API, supporting trading on over 10,000 trading instruments, and 24/7 technical support.

For additional information, visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech, Inc.

FDCTech, formerly known as Forex Development Corporation, is a fully integrated financial technology company. FDC delivers trading platform, back-office, liquidity, dealing desk, and prime brokerage solutions to forex market participants seeking access to retail and institutional spot forex markets.

Release Disclaimer

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

Contact Media Relations
FDCTech, Inc.
ir@fdctech.com
www.fdctech.com
+1 877-445-6047
200 Spectrum Drive, Suite 300,
Irvine, CA, 92618

FAQ

What is the Condor Price Hub by FDCT?

The Condor Price Hub is a connectivity as a service platform that enhances market trading liquidity and execution for forex brokers, hedge funds, and banks.

How does the Condor Price Hub improve trading operations?

It reduces the time to market for connecting to new trading venues from months to under five days, lowering operational costs.

What features does the Condor Price Hub offer?

The platform offers access to institutional multi-asset market data, compatibility with legacy trading platforms, and functionalities for eCommerce trading.

When was the Condor Price Hub launched?

The Condor Price Hub was announced on August 17, 2021.

What company is behind the Condor Price Hub?

The Condor Price Hub is launched by FDCTech, Inc., a financial technology company.