FDCTech (OTCQB:FDCT) Inc has acquired a majority interest in an online trading brokerage firm by completing a sales purchase agreement with its British Virgin Islands-based parent company.
FDCTech (OTCQB:FDCT) bought a 50.1% interest in New Star Capital Trading Ltd and its operating subsidiary, NSFX Ltd. NSFX, the brokerage firm, is regulated by the Malta Financial Services Authority (MFSA).
NSFX is authorized to deal on its account as a Category 3 licensed entity by the MFSA, receive and transmit orders on behalf of retail and professional clients and hold and control clients' money and assets, the company said.
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NSFX trading platform services in the English, French, German, Italian and Arabic-speaking markets, and customers can trade in currency, commodity, equity and cryptocurrency-linked derivatives in real time.
FDCTch develops and delivers a full suite of technology infrastructure solutions to forex, crypto, wealth management, and other future-proof financial sectors.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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