Global Profit Technologies Retains SRFF, FCM360 Rolls out Hosting Service in Tokyo

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Lack of Major Reports Keep Major Currency Trading Pairs in Range - May 19, 2014

Global Profit Technologies Retains SRFF, FCM360 Rolls out Hosting Service in TokyoListed financial software developer Global Profit Technologies, which is behind the iconic 4X-DAT software, said on Friday that it will retain law firm Sichenzia Ross Friedman Ference LLP to help it raise $5 million worth of funds and as its legal counsel on securities.

“After a careful selection process, we determined that SRFF would provide us with the best opportunity to connect with the capital markets. The firm’s experience in all matters in the securities industry, capital formation, up listing to national exchanges and introductions to broker-dealers, private and institutional investors, gives us confidence that we will succeed,” said Global Profit’s CEO and Chairman Joseph Nemeth in a press release.

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In her response, Andrea J. Cataneo, a Partner with SRFF, noted, “We have worked with many companies in the technology and financial services sectors, and we understand the space, particularly in terms of capital required for high growth companies. Global Profit Technologies is the ideal type of company we look to represent given its exceptional management team, distinction in the marketplace, and anticipated growth in the Forex market over the next 5-10 years. We look forward to lending our expertise to the execution of the company’s strategic growth plans.”

Another FX solutions firm FCM360 announced yesterday that its Low Latency Financial Cloud hosting service is now ready for traders and brokers in Tokyo’s Equinix TY3, one of Asia’s biggest FX hubs.

FCM360 not only provides connections to Tokyo Commodity Exchange and Tokyo Financial Exchange, but it also provides FX brokers and traders with co-location facilities. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Yashu Gola at yashu@forexminute.com