Despite the impact of the recent pandemic, the financial markets Have witness growth in private sector wealth and commercial activities because of public spending, low–interest rate, growing participation in retail, the democratization of investment and information, and the adoption of digital assets.
Irvine, CA, July 6, 2021 (GLOBE NEWSWIRE) – FDCTech, Inc. (“FDC” or the “Company”, OTCQB: FDCT), a fully integrated financial technology company with a comprehensive suite of digital financial services solutions, today announced that it plans to launch the Condor Stocks & ETFs app (“Condor App”) for stocks, ETFs , commodities, crypto and other financial growth stocks. The company plans to launch the app by the end of the fourth quarter of fiscal 2021.
The Condor app will be available for download on Google Play and the App Store. In addition, a web version will be available for end users. The Company finalized the techno-feasibility of the Condor App around the lessons learned from the recent launch of similar technologies through special purpose acquisition companydenied (SPAC) or to come initial public offerings (IPO). The company plans to develop next-generation trading technology, multi-jurisdictional market access, transparent revenue model and disclosure of any conflict1 between end users (âInvestorsâ), the Company and its liquidity provider. As a result, the Company expects to deliver a cost-effective and transparent experience, distinct from existing offerings.
Here are some highlights of the Condor Stocks and ETF platform:
- Server-side and back-office enhancements to support up to 12,000 symbols with improved symbol handling and symbol icon display,
- Creation by the end user of watchlists for a maximum of 100 trading symbols at a time,
- Integration with third-party software for broker-side income and risk management – for example Skale CRM,
- Simplified app or web integration with easy KYC control,
- Native iOS app and Simplified Progressive Web App (PWA) in Google Play and App Store,
- Supports payment for order flow (PFOF)1 a personalized revenue model per broker requirement, and
- Advanced trading features such as social trading and copy trading, and much more.
1Among other things, the Company urges brokers who license its technology to disclose the revenue model to its clients when promoting a ‘no commission model‘and comply with the best execution policy. The Company encourages brokers to disclosurese the risks associated with margin and options trading and carefully assess clients who do not have the proper trading experience to trade exotic products or high risk assets. In most cases, the Company recommends at least some basic trading and investing educational material for potential traders and the use of demo account before opening a real account.
The Company recently announced the acquisition of Genesis Financial, Inc., giving it immediate access to offer investment products through 114 licensed financial advisers in Australia’s wealth management industry valued at over $ 2.1 trillion. The annual fees generated by the Australian wealth management industry are close to $ 3.9 billion.
The Condor FX Pro Trading platform is available for demo on Company website. We anticipate a full version of the Condor Stocks and ETFs app at the end of the fourth quarter of fiscal 2021. Please note that trading in speculative financial securities is not for everyone. Investors should perform a risk profile assessment and seek the advice of a financial advisor whenever possible and before opening a real account with a brokerage.
For more information, visit our SEC filings or Company website for more information on the full results and the management plan.
About Genesis Financial, Inc., a subsidiary of the Company
Genesis is a financial technology powered wealth management company providing financial services through two Australian regulated entities in the areas of wealth management, credit licensing, and tax and accounting advisory services. .
FDCTech, Inc. (“FDC”), formerly known as Forex Development Corporation, a fully integrated financial technology company, develops and delivers a comprehensive suite of technology infrastructure solutions to the FX, crypto, future-proof wealth management and other financial sectors.
Press release Disclaimer
Some of the statements contained in this press release may be forward-looking statements or statements of future expectations based on information currently available. Such statements are naturally subject to risks and uncertainties. Factors such as changes in general economic conditions, future market conditions, unusual catastrophic loss events, changes in capital markets and other circumstances may cause actual events or results to differ materially from those anticipated. by these statements. The Company makes no representations or warranties, express or implied, regarding the accuracy, completeness or up-to-date status of any forward-looking statements or information provided by the third party. Therefore, the Company and its affiliates will not be liable to any person for any decision or action taken in connection with the information and statements contained in this press release or for any damages thereof.
Contact media relations
200 Spectrum Drive, suite 300,
Irvine, California, 92618