OSLO, NORWAY: Huddlestock Fintech has entered into an agreement with a Northern European investment bank to create a digital self-service brokerage functionality to supplement its more traditional brokerage and investment businesses for high-net-worth individuals.
In choosing the digital trading and investment solutions offered by Huddlestock Trader and Huddlestock Investor Services, the investment bank will be able to expand its client services offering and increase its share of customer wallets, by adding new functionalities and products, and extend its geographical reach.
The service will be powered by Huddlestock’s white-label trading solution Huddlestock Trader and hosted by Huddlestock Investor Services’ operational platform, providing current and future clients’ access to trade global capital markets directly from their new digital platform.
With Huddlestock Trader, their clients will be able to trade more than 35,000 financial instruments, including equities, fixed income, FX, Futures, CFD´s and ETF´s, while receiving full back-office, compliance, and regulatory reporting support from Huddlestock Investor Services. Initially focused on the Nordic countries, the new platform is scheduled to go live in the first half of 2023.
The agreement delivers on multiple aspects of Huddlestock’s corporate strategy, delivering low-cost white-label trading solutions alongside a suite of outsourced back-office and regulatory reporting services. Huddlestock Trader is the plug-and-play technology solution underpinning Huddlestock’s Investment-as-a-Service solution and connected through APIs.
Huddlestock’s digital platform and regulatory solutions empowers financial service providers and online brokers all over Europe to offer in-house trading and investment services to their customers.
“We are delighted that the Northern European investment bank has chosen to work with us. Through Huddlestock’s trading solution, investor services, and infrastructure partners, the investment bank can offer their users a truly Nordic and pan-European trading experience. Building on our vision of democratizing access to capital markets, Huddlestock’s Investment-as-a-Service solution allows more players to enter the self-service, online investment industry, opening and making investing accessible to a wider range of investors. We are thrilled to accompany our partner on their journey,” says John E. Skajem, Group CEO Huddlestock Fintech.