New York, NY, Aug. 07, 2018 (GLOBE NEWSWIRE) -- FDCTech, Inc. (formerly known as Forex Development Corporation), at times, referred to as “FDC or the “Company,” is pleased to announce that United States Securities and Exchange Commission (SEC) has granted the Company a public listing status on August 6, 2018 by making its S1 registration statement effective. The Company filed the S1 registration statement in November of 2017 and has been working meticulously over the last ten (10) months to obtain this clearance.
“We have been working diligently on our registration statement since November 2017, and we are extremely delighted to announce that the SEC has informed the Company that its S1 registration is now effective,” said CEO Mitch Eaglstein. “The S1 registration lays the groundwork for transparency, oversight and financing program. We want to thank all our shareholders for their patience during the process and we look forward to what we strongly believe will be a very successful year for FDCTech.”
As disclosed in our S1 registration statement, FDC’s business focus is to become a leader in FinTech industry to meet the growing global demand of cryptocurrencies, and blockchain technologies. The Company continues to expand its suite of services for FX brokers and other OTC market participants, such wide range of services and products include but not limited to FinTech management consulting, trading platforms, back office solution, risk management systems, and other fintech solutions.
About FDC
Based in New York, FDCTech, Inc. is a leading technology provider of foreign exchange prime brokerage (FXPB) and cryptocurrency solutions, supported by a development team with over three decades of FX experience.
FDC’s customizable B2B offerings allow brokers of all sizes to license its technology to develop prime brokerage offerings that offer seamless MetaTrader 4 integration, advanced profitability analytics in real-time, flexible introducing broker (IB) rebate structures, and allotment of custom development hours to provide unparalleled customer service and individualized platform solutions. More information can be found at www.forexdevelopment.com or www.fdctech.com.