FNG Exclusive Interview… Earlier this month we reported that Australia based Retail FX and CFDs broker ACY Securities had launched a new proprietary trading platform, LogixTrader. The company also made mention at the time of IPO plans for its parent company, ACYLogix.

Both of these issues generated a lot of interest from FNG readers, so we thought that we’d go to the source and discuss LogixTrader, an IPO for ACY, and what else is doing at the company with CEO Jimmy Ye. Here is what he had to say.

FNG: Hi Jimmy, and thanks for joining us today. Please let us know some more about LogixTrader, and ACY’s decision to launch a new, proprietary trading platform – a quite major undertaking!

Jimmy: Indeed it has been a major undertaking. Our decision was based on wanting to provide more choice for our clients. Over the years we’ve listened to the feedback and pain points that our clients shared and decided we would invest in developing a new platform that would alleviate those pain points.

FNG: How is LogixTrader different from other trading platforms that FX and CFDs traders are already familiar with, such as MT4 or MatchTrader? What type of traders are likely to be most interested in using LogixTrader?

Jimmy: We developed LogixTrader to be easy to use across all devices. Think of it as a fully fledged trading platform like a web trader where you can access the same functions as if you were using a traditional trading terminal. There are no applications to download and install. Simply login to your trading account from any browser.

The appeal would be to new traders as we’ve designed LogixTrader to be easy to use and intuitive however, it has a full suite of features like dynamic leverage and guaranteed stop loss and take profit orders to name a few that would also appeal to the more sophisticated trader. We are continually building out new features and committed to adding value to our clients and taking on their valuable feedback.

FNG: Is LogixTrader going to be available only via ACY, or do you have plans to white label or even fully license LogixTrader to outside brokers?

Jimmy: We’ve always had a focus on building our own tools and platforms and that development is all done in house by our sister company Zerologix. We have a suite of technology solutions that we white labelled for other brokers and businesses so yes, we will also offer a version of LogixTrader that can be white labelled.

FNG: You’ve made mention recently about an IPO for ACY’s parent company ACYLogix. Can you let us know more about specific plans – such as where ACYLogix might go public, timing, and possible valuation? Is this about providing liquidity to ACY’s shareholders, or more of a strategic decision to operate as a publicly traded company?

Jimmy: The path to IPO has been part of our long term strategy for some time now. With many strategic acquisitions over the past several years, it is now time to realise the potential of the ACYLogix group. By listing the company, this will allow us to scale and further build on the momentum we have built so far and continue on the growth trajectory.

In terms of a timeframe, it is likely that within the next 2-3 years we will see a series A capital raise. This will be a significant milestone as it will be the first capital raise for the group since our inception.

FNG: What does ACY see as its major growth opportunities (and challenges) in the near future? Where are you focusing your efforts?

Jimmy: Volatility in the markets will always present opportunities. We’ll continue to capitalise on those opportunities and work on providing the best tools to give our clients the edge. The majority of brokers globally face similar challenges with their technology stack and what they can offer to their clients. This is where we are well positioned with our technology focus in developing our own tools and platforms in house to better serve our clients in an agile manner.

We’ll be looking to implement GPT models into various tools and features within our suite of products. This is all aimed at providing our clients a competitive edge.

FNG: What else can we expect to hear from ACY in the coming months?

Jimmy: We have a lot of exciting projects in the pipeline that will redefine the trading space. Next up, we’ll roll out the native mobile app version of LogixTrader for both iOS and Android devices. Then we’ll have an exciting major release, without revealing too much, it will involve gamification. This is set to challenge the norms when it comes to traditional trading and we’re very excited to introduce it to the world.