Nov
13
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FXStreet targets FX algorithmic trading after taking stake in Qubitia Solutions
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Barcelona, November 14th, 2014 — FXStreet has acquired a 6.5% stake in Pontevedra (Galicia) based Qubitia Solutions S.L., a software company focused on the financial markets which provides software that simplifies, enhances and ensures investment management. “The acquisition of a minority stake in Qubitia Solutions S.L is a strategic move for FXStreet. It presents us with a winning way to enter the fast growing algorithmic trading business, and opens the door to several key partnerships that will help improve FXStreet’s current services. Our first area of collaboration will focus on our 24/5 real-time news feed where we will combine Qubitia Solutions’ outstanding technology and FXStreet’s content expertise to deliver new market leading products”, said Francesc Riverola, President and Founder of FXStreet.
Qcaid, the company’s flag-ship product, is a comprehensive and disruptive automated trading platform that allows traders to automate, test, optimize and execute their quantitative investment strategies without coding.
“This combination should expand our market reach and deliver a compelling suite of services to institutional FX traders. We could not wish for a better partner than Qubitia. Their algorithmic trading platform is so easy to use that it could disrupt the FX industry and gain an important market share in the institutional market. Our job will be to help them make it possible”, Riverola added.
Luis Taboada, CEO of Qubitia Solutions says “we are really enthusiastic about FXStreet’s participation in Qubitia. Their leadership and experience in the sector and their deep knowledge about the FX market make them, without a doubt, a perfect partner for Qubitia’s strategic plans in the Institutional Forex market”.
About Qubitia Solutions
Incorporated in 2011, Qubitia Solutions S.L. is an awared IT company focused on developing software for capital markets, based on Pontevedra, Spain and sales office in London. Qubitia has extensive experience in trading platforms and market connectivity, and is working with the foremost brokers and exchanges worldwide.
More information about Qubitia: www.qubitia.com
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