June 1, 2013
KVB Kunlun International's Next-Generation Forex Trading System Goes Live, Accelerating the Modernization of Financial Technology
Team Member

In June 2013, the foreign exchange and gold online banking trading system ("LFX System") tailor-made by Banclogix System Co.,Ltd ("Banclogix"), a technology and information technology enterprise under KVB Kunlun International Holdings ("KVB Holdings"), for China CITIC Bank International Limited ("CITIC Bank International") was successfully launched in Hong Kong.

In 2012, KVB Kunlun International formally signed a strategic cooperation agreement with China CITIC Bank to jointly develop offshore finance and high-end private banking services. Drawing on many years of experience in providing high-end financial products and services such as foreign exchange and securities to overseas Chinese, KVB Kunlun International will make a professional contribution to CITIC Bank International's private banking client services.

On this occasion, Banclogix specially tailored the LFX System for CITIC Bank International. Prior to its official launch, the system underwent rigorous testing, with numerous technical indicators reaching internationally advanced standards and passing the review of the Hong Kong Monetary Authority. In addition, the LFX System client runs on a web browser and requires no program downloads. Technical analysis, exchange rate quotes, and order placement are all presented within a single web interface, reflecting a considerable level of technical sophistication behind it.

Beyond the broad prospect of anticipating the arrival of China's retail forex era, the banking industry is facing a competitive landscape in which internet enterprises will enter the financial industry in the future. "The launch of this next-generation forex trading system can be regarded as a classic masterpiece combining traditional finance with modern technology. It also marks that the banking industry is accelerating the process of comprehensively upgrading modern information technology, taking a solid step toward its goal," said Mr. Xinnuo Liu, Executive Director of KVB Holdings, hitting the nail on the head.

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