Spotware Systems, a financial technology provider, has recently announced that it is in the process of developing a cryptocurrency exchange called cXchange. The new exchange will complement the firm’s flagship product, the cTrader platform.
According to Alexander Shulman, cTrader is a complete solution for brokers, banks and many other different financial services companies. He mentioned that the company is planning to launch a cryptocurrency exchange software solution, cXchange, that is believed it will influence the complete cryptocurrency industry.
Shulman will head the technology provider, which is best known for its lead product, cTrader. The platform lets investors trade forex and contracts for difference (CFDs) via its platform.
Shulman has been working in the software development industry for more than 10 years. Throughout this time he has managed many projects ranging from custom development to mass market end-user applications.
Since 2015, Shulman has been apart of the Spotware team. During his time working with the company, he has held various roles. However, all have revolved around managing the development of the cTrader platform.
Shulman will be replacing CEO and founder of Spotware Systems, Andrey Pavlov. Pavlov, however, is not leaving the company. Instead, he will be changing his position to President of Spotware Systems. In his new position, Pavlov will focus on the firm’s global strategy and provide the technology provider with an overall direction.
Spotware Systems To Update Its cTrader Platform
Furthermore, Shulman stated that the company is planning a lot of updates to its cTrader platform. His most updated goal is to create the best experience for retail investors. To achieve this, the firm is in the procedure of integrating its copy trading solution cMirror and its algorithmic trading solution cAlgo, with the cTrader platform. This update will unify the three solutions on all devices said a spokesperson said to Finance Magnates.