Bricknode and MFEX signs strategic agreement
MFEX (Mutual Funds Exchange www.mfex.com) and Fondmarknaden.se has signed a strategic license agreement with Bricknode. The agreement means that Bricknode will integrate automatic trading and settlement of mutual funds via MFEX within Bricknode Financial Systems (BFS). In addition Fondmarknaden.se (a fully owned subsidiary of MFEX) will utilize BFS in order to expand its capabilities with partners and develop its business further.
The partnership will enable MFEX and Fondmarknaden.se to offer BFS as a turnkey solution for its current and future partners in order to streamline the process of fund trading via MFEX.
“We have had a relationship with MFEX and Fondmarknaden.se for a long time and are excited about being able to sign this strategic agreement. MFEX has quickly built out a Mutual Funds Exchange throughout Europe and together we can add a lot of value to current customers of MFEX and Bricknode.
Bricknode has always had its goal set to expand internationally and with MFEX we have found a way to expand quickly through this relationship.” said Stefan Willebrand, Executive Chairman of Bricknode.
“We see the agreement with Bricknode as a strategic key step to meet the growing demand in Europe and in Emerging Markets for an integrated fund trading platform. With Bricknode, MFEX can offer a competitive automated system to institutions on a global scale.“ said Oliver Lagerström, CEO of MFEX
“Through our strategic agreement with Bricknode, Fondmarknaden.se can take the next step in the development of a full-service retail customer management system in terms of automated fund trading in Sweden. The partnership will enable us to offer an integrated system to our current and future partners.“ said Marcus Ehrenpreis, CEO of Fondmarknaden.se
About Bricknode AB
Bricknode is a young innovative company focusing on financial software. Our mission is to empower our business partners to deliver the best financial products to their end customers and partners in the most efficient way possible.Bricknode Financial Systems is a cloud-based platform, which makes it possible for securities firms and other financial institutions to establish themselves online.
Stefan Willebrand, Executive Chairman
About MFEX Mutual Funds Exchange AB
MFEX Mutual Funds Exchange AB, is a global fund platform supporting the distribution of funds. In more than 12 countries, MFEX offers financial institutions a secure and cost efficient solution for trading mutual funds, recovering rebates and delivering fund information. The fund range is the most diverse offer in Europe, and 550 fund companies from 25 legal domiciles have selected MFEX to distribute their mutual funds through the MFEX platform.
Oliver Lagerström, CEO
MFEX Mutual Funds Exchange AB
About Fondab AB
Fondmarknaden.se, founded in 1999, is the largest retail marketplace for mutual funds in Sweden, with a range of over 1,500 funds from 150 fund companies.
For both private and institutional clients, Fondmarknaden.se offer fund advisory services, portfolio management, analysis and customer service.
In addition to services for private clients, Fondmarknaden.se offer trading and customer management for Swedish fund management companies and securities companies.
Fondmarknaden.se is a wholly owned subsidiary of MFEX Mutual Funds Exchange AB.