Latest Posts
Vontobel chooses Clearstream as partner for hedge funds businessIPO of Vapiano SE in Frankfurt Stock Exchange’s Prime StandardWaymark Tech launches AI tool to identify crossover between financial regulationsCBOE Holdings announces pricing of senior notes offeringESAs publish AML/CFT guidelinesSafeCharge launches Marketplace Manager single API payments solutionWestpac pays $127,250 to comply with infringement notice penaltyTeddy Sagi nets $429 million from increased Playtech share sale, done at 7% discount to marketWall Street Pirate Management and Gary Creagh fined $125K and banned from tradingCurrencycloud partners with Hyundai Card for international payments in South KoreaIsrael Binary Options law passes first Knesset reading with 31-0 voteTeddy Sagi cashing in more than half his remaining Playtech stake in $404 million share saleForex broker WorldWideMarkets chooses CAKE to manage affiliate networkXTrade gets CIF license back after fixing its marketing issuesCySEC to publish list of outlawed Binary Options and FX affiliatesMMT sanctions Greencool’s former chairman for disclosure of false informationThinkMarkets launches live FX trading on its recently acquired Trade Interceptor app24option reinstated in France following no-binary-options promiseINTL FCStone adds ACH connectivity for high-volume low-value cross border paymentsTransferMoney Latvia selects Accuity to streamline compliance and boost payment processing
  • Get our Daily Newsletter

  • CFH Clearing partners with for turnkey FX broker startup package

    Backpack CFH Clearing fx broker platform

    When Playtech PLC (LON:PTEC) bought CFH Group late last year for $120 million, we knew that they had big plans in store. Playtech (and its founder Teddy Sagi) does not do things small.

    Well today we are learning about at least one of the company’s plans for one of the CFH units, to become a major player in turnkey startup broker packages, especially in the Far East.

    CFH Clearing, the FCA regulated Prime of Prime brokerage unit of CFH Group, has announced a new partnership with Singapore-based back-office CRM SaaS provider, to provide a unified integrated solution for online brokerages. was spun out of trading platform provider TradeSmarter last year. Both companies are headed by co-founder Yoni Avital.

    According to the companies, the new partnership provides FX and CFD brokers with a simple, fast and cost-effective way to access all the tools they need to run an online brokerage – from top tier bank and non-bank liquidity through to back office systems, CRM solutions, onboarding, reporting and business intelligence tools. It removes unnecessary hurdles faced by brokers when they mix and match a number of SaaS solutions from multiple suppliers, which can result in months of integration.

    The CFH Clearing and Backpack offering is expected to have particular appeal in the APAC region, where there are an increasing numbers of start-up brokers.

    Yoni Avital
    Yoni Avital,

    According to Yoni Avital, Founder and CEO of Backpack,

    Our partnership with CFH Clearing is a true game changer for existing and new B2B customers. It allows them to launch their brokerages far faster than ever before and at a lower cost. Clients will no longer need to search for separate back-office components such as CRM, payment aggregators, onboarding registration, ID verification (KYC, AML), 360 reporting and business intelligence tools. They will also no longer need to involve system integrators to connect the solutions together. With the use of our smart widgets system, setting up and running a complete brokerage solution has never been easier.

    By partnering with CFH Clearing, with its market leading liquidity and wide choice of trading platforms, we have created a very attractive and scalable offering – providing brokers with a complete and competitive solution.

    CFH Clearing is an interbank prime of prime liquidity provider for established institutional banks, brokers and fund managers. It is one of the largest interbank venues in the market, with more than 600+ institutional clients in over 83 countries. CFH Clearing is authorised and regulated by the Financial Conduct Authority (FCA). As stated above, CFH Clearing is part of the CFH Group, which was acquired by online gaming and finance giant Playtech for $120 million in late 2016.

    Backpack is a Fintech company, providing all-in-one back and front office SaaS solution, helping financial services companies grow their revenues and maximize their business operation efficiency.

    Related News


    CFH Clearing partners with for turnkey FX broker startup package


    Send this to a friend

    Signup for LeapRate's Email Newsletter
    Interested In Forex Industry News & Information?

    Subscribe FREE To Our Industry Leading Email Newsletter:

    • Trading Industry News To Your Inbox
    • Breaking News Briefs
    • Executive Moves
    • Broker, Platform and Vendor Updates
    • Financial Results
    • FX Volume Reports
    • Exclusive Commentary
    New listing package form coming soon.