Fintech PR
OKX Launches ‘Smart Sync’: A Copy Trading Feature Optimizing Accessibility and Risk Management for Traders
NASSAU, Bahamas, Feb. 28, 2024 /PRNewswire/ — OKX, a leading global Web3 technology company and crypto exchange, today enhanced its Copy Trading tool with the addition of ‘Smart Sync,’ an innovative feature that mirrors the trades of lead traders, with order margins being determined by the lead trader’s margin and the copy trader’s available funds. This replication encompasses the trader’s position size, margin and actual position, all without the requirement to manually adjust parameter settings.
After calculating the percentage difference between a user’s position and trading account size in real-time, Smart Sync automatically applies this percentage to the copy trader’s account to determine the position size, effectively synchronizing trade parameters such as leverage, margin and pair settings.
For example, if a lead trader has an account size of 10,000 USDT and places a 1,000 USDT position, this represents a 10% position size relative to the total account size. A copy trader who has activated Smart Sync and has an account size of 1,000 USDT would then copy the trade at 10% of their account size, resulting in a 100 USDT copy trade position size. This happens automatically, eliminating the need for manual adjustments and helps to reduce the risk of error, significantly streamlining the user experience for both copy traders and lead traders.
Smart Sync is introduced as the third mode in OKX’s Copy Trading ecosystem, complementing the other two modes: ‘Fix Contract Copy’ and ‘Proportionate Ratio Copy.’ In the Fix Contract Copy and Proportionate Ratio Copy modes, funds from a single source can be distributed across multiple lead traders on a first-come, first-served basis whenever a lead trader executes a trade. In contrast, Smart Sync is designed to automatically lock funds to a single lead trader. This prevents copy traders’ funds from being used across multiple lead traders, which helps less experienced users protect their funds from the risk of over-leverage through distribution. This not only reduces trading frequency but also ensures a more sustainable longevity rate compared to the other two modes, making it a beginner-friendly choice.
OKX Global Chief Commercial Officer Lennix Lai said: “The launch of Smart Sync is a testament to our ongoing innovation and leadership in the automated trading space. With Smart Sync, we’re ensuring that our users can trade with confidence. Additionally, our new feature simplifies users’ copy trading experience and enhances risk management. This latest upgrade to our Copy Trading ecosystem introduces a new mode that differs from the existing ones, enabling the product to cater to a more diverse group of copy traders – all with different levels of risk and parameter preferences.”
On November 10, OKX launched its ‘Spot Copy Trading’ feature. It is one of the few exchanges offering this feature. Spot Copy Trading enables OKX users to explore more trading opportunities by accessing both spot and futures markets, and serves as an optimal choice for users who seek the deep liquidity and stability that OKX provides while exclusively focusing on spot copy trading.
OKX’s Copy Trading comes with a range of unique features that set it apart from other copy trading platforms on the market. It is the only tool of its kind to offer both “one-way” and “hedge” position modes for the futures market. This means traders can choose to hold positions in only one direction or maintain both long and short positions concurrently, providing them with more flexibility in their trading approach.
For further information, please contact:
[email protected]
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
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View original content:https://www.prnewswire.co.uk/news-releases/okx-launches-smart-sync-a-copy-trading-feature-optimizing-accessibility-and-risk-management-for-traders-302073880.html
Fintech PR
Amrop, a Leading Global Executive Search and Leadership Consulting Firm, Announces New Office in Japan
BRUSSELS, Jan. 10, 2025 /PRNewswire/ — Amrop, a leading global executive search and leadership consulting firm, appoints JOMON Associates as its new team in Tokyo, marking the group’s re-entry in the Japanese market and adding significant coverage in the Asia Pacific region.
Led by Naohiro Furuta, CEO, JOMON Associates is Japan’s premier leadership advisory firm, offering services in senior Executive Search, Board & Corporate Governance Consulting, Leadership Assessment and Executive Coaching.
With 13 consultants and a team of 30 employees, the firm serves more than 200 companies, constituting about one-third of Japan’s major companies and representing Japan’s key industry sectors, including Industrial & Automotive, Chemicals & Materials, Consumer & Retail, Pharmaceuticals & Healthcare, Finance & Insurance, IT and Telecommunications.
The firm’s deep connection to the local Japanese market is matched by its unsurpassed reputation for quality and its innovative approach to executive search. By offering personalized leadership advisory and board services in addition to its acclaimed recruitment solutions, JOMON Associates is well-positioned to support companies in their quest for transformative leaders.
“Japan is a significant market for executive search and leadership consulting, and we are delighted welcome JOMON Associates to our global team,” says Annika Farin, Chair of the global Amrop Partnership. “We are now able to directly serve multinational companies operating in Japan as well as Japanese companies that are redefining boundaries as they follow their global or regional expansion strategies. Together with JOMON’s uncompromised quality approach and top market positioning, we can be instrumental in assisting these companies with the recruitment of their executive teams and attracting the best talent in new markets. “
“JOMON Associates shares our values and our ambition to continuing serving clients in the premium segment of the market. We feel naturally close to our new partners in Japan and are also proud to announce that Naohiro Furuta will immediately join our Board to help us drive the future of Amrop’s global partnership,” Farin added.
Naohiro Furuta, CEO JOMON Associates, added, “We are very pleased to announce that we have joined the global Amrop Partnership. As the global business environment becomes increasingly complex, the demand for strong and visionary leadership is higher than ever. Japanese companies are also strongly seeking talent to drive innovation and international competitiveness. Through our partnership with Amrop, we will provide our clients with valuable services that combine global insights and local expertise, making a significant impact on the domestic market and contributing to the international success of our clients.”
Amrop’s new Tokyo office is located at Tokyo Toranomon Global Square, 13th Floor, 1-3-1 Toranomon, Minato-ku, Tokyo. The addition of Japan office reinforces the group’s presence in the region, with teams in China, South Korea, India and Australia.
About Amrop
Amrop is a global leadership consulting firm, offering retained executive search, Board and leadership advisory services. We advise the world’s most dynamic, agile organizations on identifying and positioning Leaders For What’s Next – adept at working across borders, in markets around the world. Established in 1977, Amrop operates in Asia, EMEA and the Americas across 69 offices in 57 countries.
Media Contact:
The Amrop Partnership SC
Rue Abbé Cuypers 3
1040 Brussels, Belgium
T. +32 471 733 825
E. [email protected]
Brigitte Arhold, COO
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View original content:https://www.prnewswire.co.uk/news-releases/amrop-a-leading-global-executive-search-and-leadership-consulting-firm-announces-new-office-in-japan-302347193.html
Fintech PR
Ultima Markets Wins “Best APAC CFD Broker 2024” Award, Setting New Standards in the Trading Industry
HONG KONG, Jan. 10, 2025 /PRNewswire/ — Ultima Markets celebrated a landmark evening for the financial trading industry as the Traders Fair concluded in grand style. This globally recognised event brought traders, investors, and experts to celebrate excellence together. Ultima Markets has been honoured with the “Best APAC CFD Broker 2024” award, a testament to its leadership in delivering innovative trading solutions, exceptional customer service, and diverse product offering.
Ultima Markets captivated the crowd at its interactive booth, spotlighting its state-of-the-art trading platform and extensive portfolio of financial products. Visitors were drawn by the engaging exhibits and the buzz of the Bitcoin Valuation Challenge—a unique opportunity for attendees to showcase their market expertise in a lively and competitive setting. Winners celebrated with exclusive Ultima Markets merchandise, leaving a lasting impression of the company’s innovative and client-focused spirit.
Reflecting on the recognition, Jack Li, Regional Business Director at Ultima Markets, stated: “This award is more than an accolade; it reflects our dedication to empowering traders through cutting-edge solutions and exceptional service. Engaging directly with our clients, creating enjoyable experiences, and building lasting connections are the driving forces behind our pursuit of excellence.”
In a rapidly evolving financial landscape, Ultima Markets remains steadfast in its mission to lead the industry. The company continues to redefine trading excellence by delivering personalised strategies and introducing innovative tools that open new frontiers in trading, ensuring clients achieve their financial aspirations with confidence.
About Ultima Markets
Ultima Markets is a fully licensed broker and a multi-asset trading platform offering access to 250+ CFD financial instruments, including Forex, Commodities, Indices and Shares. We guarantee tight spreads and fast execution. We have now served clients from 172 countries and regions with our trustworthy services and well-built trading systems.
Ultima Markets has achieved remarkable recognition in 2024, winning prestigious awards such as the Best Affiliates Brokerage, Best Fund Safety in Global Forex Awards, and the Best APAC CFD broker in Traders Fair 2024 Hong Kong. As the first CFD broker to join the United Nations Global Compact, Ultima Markets underscores its commitment to sustainability and the missions to advance ethical financial services and contribute to a sustainable future.
To learn more about Ultima Markets, please visit our website, Facebook, X, Instagram, LinkedIn and YouTube.
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View original content:https://www.prnewswire.co.uk/news-releases/ultima-markets-wins-best-apac-cfd-broker-2024-award-setting-new-standards-in-the-trading-industry-302347790.html
Fintech PR
Bank Alfalah Acquires Strategic Stake in UAE Fintech Jingle Pay
DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bank Alfalah, a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay, one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets.
Jingle Pay has redefined the fintech space with its proprietary AI-powered tech stack already processing over 2 million transactions and facilitating over $1 billion in international money transfers in 2024, saving customers over $6 million in fees. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
Jingle Pay has solidified its position as a high-growth fintech leader in the MENAP region, supported by prestigious investors, including MoneyGram, G42-backed Applied AI, and prominent U.S. venture capital firms known for backing global fintech giants like N26 and PayPal, Jingle Pay continues to disrupt the industry. Bank Alfalah’s equity investment and appointment to Jingle Pay’s Board signal a robust partnership aimed at driving growth and innovation. This collaboration leverages Bank Alfalah’s extensive infrastructure to amplify Jingle Pay’s impact on cross-border payments and digital banking, advancing its ambitious vision for the MENAP region.
Jingle Pay provides innovative services, including multi-currency accounts, instant money transfers via the world’s first remittance marketplace, card payments, and last-mile payouts across 150+ corridors in 99+ currencies. Additionally, its Remittance-as-a-Service solution enables banks, FinTech’s, and non-financial institutions to facilitate seamless international money transfers.
Jingle Pay plans to launch its digital banking services in Pakistan in Q1 2025 as a branchless banking mobile app targeting to bring seamless and inclusive financial services to the country’s largely unbanked population. Jingle Pay will leverage Bank Alfalah’s infrastructure to bring seamless banking solutions to millions of customers. The partnership will create synergies in cross-border payments strengthened by shareholder MoneyGram.
As Pakistan’s 5th largest remittance partner, Jingle Pay plays a crucial role in driving global financial flows that contribute significantly to the country’s GDP. Establishing local presence in Pakistan will strengthen its partnership and cross-border capabilities, further cementing Jingle Pay’s position as a leader in the remittance ecosystem.
Leadership Remarks
Farooq A. Khan, Group Head – Corporate, Investment Banking and International Business of Bank Alfalah, emphasized: “This acquisition is a milestone in our journey to lead the digital banking revolution. By combining Jingle Pay’s innovative platform with Bank Alfalah’s resources, we aim to redefine cross-border financial services and deliver exceptional value to millions of users.”
Amir Fardghassemi, Founder and CEO of Jingle Pay, said: “Partnering with Bank Alfalah empowers us to scale our vision of inclusive finance. Together, we aim to enrich the digital economy and create transformative cross-border financial solutions.”
The collaboration also enhances Bank Alfalah’s role in the global Payments ecosystem, strengthening its position as a leader in cross-border financial flows and delivering unparalleled value to customers in the MENAP and beyond.
About Bank Alfalah
Bank Alfalah is a leading commercial bank in Pakistan, with over 1,000 branches across 200 cities and an international presence in the UAE, Bahrain, and Afghanistan. Its heritage and prominence extend over 25 successful years, highlighted by achievements that reflect exponential growth in the country’s financial sector.
The Bank offers various products and services to private-sector institutions and governments, including corporate and investment banking, consumer banking, securities brokerage, commercial, small and medium enterprises, agricultural, Islamic, and asset financing.
The Bank has established itself as a premier digital bank by introducing various features on its banking app, such as Alfamall, Buy Now Pay Later, and Term Deposit Receipts. It has also launched Pakistan’s first digital lifestyle branch.
About Jingle Pay
Jingle Pay, a UAE born fintech, is the MENAP region’s leading and fastest-growing fintech, specializing in cross-border money transfers licensed by Dubai Financial Services Authority (DFSA). Jingle Pay operates in the UAE, Bahrain, and Pakistan, offering cutting-edge financial services. Backed by global financial institutions like MoneyGram, Bank Alfalah, top-tier U.S. and international venture capital firms that have backed PayPal and N26, as well as G42 backed, Applied AI.
The company provides a wide array of solutions, including Remittance-as-a-Service for financial institutions, enabling seamless global payouts across 150+ corridors and 99+ currencies. Additionally, Jingle Pay operates a B2C app for retail customers, facilitating card payments and international money transfers focused on driving financial inclusion and leveraging AI to redefine cross border payments.
CONTACT: Jingle Pay, [email protected], +971 4 547 7778
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View original content:https://www.prnewswire.co.uk/news-releases/bank-alfalah-acquires-strategic-stake-in-uae-fintech-jingle-pay-302347236.html
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