PHOENIX FINANCIAL SERVICES will capitalize on XELINKâs unique competence centre that in-sources the technology-intensive services related to trading risk management and enables institutions active in capital markets to move swiftly to new markets and products. Our clients will be able to address the challenges of best execution through the usage of automated strategies in quest of liquidity across exchanges and trading venues while simultaneously effectuating explicit pre and post trade risk controls.
FrÃ©dÃ©ric CARON, Chief Executive Officer of PHOENIX FINANCIAL SERVICES, commented: âFinancial institutions are facing an environment characterized by fragmentation of liquidity, high volatility and customer demand for best execution. This is a great opportunity for PHOENIX FINANCIAL SERVICES in our quest to remain at the forefront of technology and services we want to offer our customers. This deal also demonstrates that PHOENIX FINANCIAL SERVICES continues to aggressively grow revenue both organically and through acquisitions.â
Alfred ATTIPOE, Founder and Managing Director of XELINK, commented: âXELINK will capitalize on PHOENIXâs sales distribution network and marketing capabilities extending the XELINK product offering within continental Europe. This strategic partnership will also enable XELINK to enhance our current solution benefiting from PHOENIXâs SaaS infrastructure and managed connectivity service, data management, and professional support services to drive XELINKâs algorithmic platform.