AXI Ties with FYNXT to Launch MAM/PAMM Platform

Fazzaco learned that Australian forex broker AXI, previously known as AxiTrader, has partnered with Singapore-based fintech FYNXT, formerly known as Simple2Trade, to launch the Forex Managed Accounts Services (MAM/PAMM) platform.

According to the official announcement, the newly-added services of the broker are based on the cloud-based technology infrastructure of FYNXT. In addition, the services are featured with enhanced administration automation, flexible fee management, and precision in asset allocation.

“We’ve long understood the limitations of traditional MAM and PAMM offerings out there; as the industry evolved to address the money and fund management sector, technology enhancements have been only piecemeal, incremental and so too, the business benefits. A seriously in-depth understanding of the peculiarities and nuances within the “managed” sector was key for me; once we had nailed this, killer technology from our friends at FYNXT in Singapore would be the enabler for us to continue offering our clients the trading edge,” Louis Cooper, AXI’s Chief Commercial Officer, said.

“Anything we can do to help our clients better serve their clients is what drives us,” said FYNXT’s Singapore-based CEO, Aeby Samuel. “We are immensely proud of our latest Social Fund Management offering and if preliminary feedback from our early clients is any guide, we look forward with a high degree of confidence and excitement.”

As Fazzaco reported earlier, AXI has expanded its product line with the latest addition of share CFDs on its platform​. The broker will add the CFDs of the top 50 companies listed in the United States, the United Kingdom and European markets, including some of the popular and liquid stocks like Apple, Amazon and Netflix.