Spark Systems Market Research Report

Company Overview

Name:

Spark Systems

Mission of the Company:

Spark Systems focuses on building next-generation FX trading platforms that are ultra-fast, resilient, low latency, and cost-efficient.

Founding:

Founded: 2016

Founder: Wong Joo Seng

Key People:

Wong Joo Seng: Founder & Chief Executive Officer

Ye Ting Song: Co-founder & Chief Technology Officer

Devang Bhatia: Chief Revenue Officer

Chin Shi Mei: Chief Financial Officer & Chief Sustainability Officer

Goh Boon Yam: Chief Product Officer

Headquarters:

Location: Singapore, 80 Robinson Road, #15-03, Singapore 068898

Number of Employees:

No information is available.

Revenue:

No information is available.

Known For:

Developing robust eFX trading platforms

Cutting-edge trading technology and infrastructure

Strategic partnerships with leading global and regional institutions

Products

Spark eFX Platform

Description: An ultra-low latency aggregator and complete eFX solution platform designed for efficient access to FX liquidity and reduced trading costs.

Key Features:

Ultra-low latency aggregator

Price construction & distribution

Risk control & management

White labeling your brand

Aggregate liquidity pool via GUI/API

High fill ratios with low market impact

Product types supported: Spot, Forward, NDF, SWAP, NDF SWAP

Wide range of order types and expiry

Recent Developments

Recent Developments in the Company:

Series C Investment: ATFX's strategic investment in October 2024 to enhance institutional offerings.

OCBC Partnership: In October 2024, Spark Systems was awarded the project to deliver an FX trading platform for OCBC.

ESG Efforts: Appointed Chin Shi Mei as Chief Sustainability Officer in June 2022 and partnered with the Carbon Pricing Leadership Coalition Singapore.

New Products Launched:

Next-Generation FX Trading Platform for OCBC: Focuses on high-speed execution and advanced data analytics.

New Features Added:

Enhanced liquidity management, reactiveness to market conditions, and intelligent pricing capabilities for the OCBC FX platform.

New Partnerships:

Fintica AI Partnership: Announced in May 2024, to bring Fintica AI’s unsupervised AI technology to Spark Systems’ clients.

Investment and Funding Support: Financial backing from HSBC, Citigroup, and others in Series B funding.

Partnership with the Monetary Authority of Singapore: Grant recipient for financial support.

This report aims to present an information-rich snapshot of Spark Systems, highlighting its role in advancing FX trading technologies and recent strategic developments within the organization.