FDCTech Stock

FDCTech, Inc. provides financial technology (fintech) and business solutions to OTC Online Brokerages and cryptocurrency businesses (customers).

The company is building a diversified global financial services company driven by proprietary Condor trading technologies, complementary regulatory licenses, and a proven executive team. The company plans to acquire, integrate, transform, and scale legacy financial service companies. The company's proprietary technology and software development capabilities allow legacy financial services companies immediate exposure to -forex, stocks, ETFs, commodities, crypto, social/copy trading, and other high-growth fintech markets.

The company intends to build a diversified global software-driven financial services company. The company plans to acquire, integrate, transform, and scale legacy financial service companies. The company replaces conventional legacy software infrastructure with its regulatory-grade proprietary Condor trading technologies, intending to improve end-user experience, increase client retention, and realize cost synergies.

Segments

The company operates through three segments: Wealth Management, Technology and Software Development, and Margin Brokerage Business.

Wealth Management - AD Advisory Services Pty Ltd.

AD Advisory Services Pty Ltd. (ADS) provides licensing solutions for financial advisers and accountants in Australia. ADS offers financial planners different licensing, compliance, and education solutions to meet their practice's specific needs.

Technology and Software Development - Condor Trading Technology

The company secures and earns revenues by signing an agreement with its customers. The company considers a signed agreement with its customers, a binding contract with the customer, or other similar documentation reflecting the terms and conditions under which the company will provide products or services as persuasive evidence of an arrangement. The company is a technology provider and software developer in the cryptocurrency or digital asset space.

The company has three sources of revenue.

Technology Solutions - The company licenses its proprietary and sometimes resells third-party technologies to customers. The company's proprietary technology includes but is not limited to Condor Risk Management Back Office (Condor Risk Management), Condor Pro Multi-Asset Trading Platform, Condor Pricing Engine, Crypto Web Trader Platform, and other cryptocurrency-related solutions.

Customized Software Development - The company develops software for Customers with unique requirements outlined in the Software Development Agreement (Agreement).

Consulting Services - The company's turnkey business solutions - Start-Your-Own-Brokerage (SYOB), Start-Your-Own-Prime Brokerage (SYOPB), Start-Your-Own-Crypto Exchange (SYOC), FX/OTC liquidity solutions, and lead generations.

In the retail foreign exchange trading space, where individuals speculate on the exchange rate between different currencies, the company's customers are forex brokerages, prime of prime brokers, prime brokers, and banks. The company generates revenues by licensing its trading technology infrastructure, including but not limited to the trading platform (desktop, web, and mobile), back office, and CRM and banking integration technology.

The company acts as an adviser/strategic consultant and reseller of its proprietary technologies in the cryptocurrency and blockchain space. The company expects to generate additional revenue from its crypto-related solutions. Such solutions include revenues from the development of a custom crypto exchange platform for customers, the sale of the non-exclusive source code of the crypto exchange platform to third parties, white-label fees of crypto exchange platforms, and the sale of aggregated cryptocurrency data price feed from various crypto exchanges to OTC brokers. The company initially plans to develop the technology architecture of the crypto exchange platform for its customers. The initial capital required to produce such technologies comes from its customers as the company takes on design-build software development projects for customers. The company develops these projects to meet the customer's design criteria and performance requirements.

The company has completed the Condor Pro Multi-Asset Trading Platform. The Condor Pro Multi-Asset Trading Platform is a regulatory-grade trading platform targeted at day traders and retail investors. The industry characterized such platforms by their ease of use and helpful features, such as the simplified front-end (user interface/user experience), back-end (reporting system), news feeds, and charting system. The Condor Pro Multi-Asset Trading Platform includes risk management (dealing desk, alert system, margin calls, etc.), a pricing engine (best bid/ask), and connectivity to multiple liquidity providers or market makers. The company has tailored the Condor Pro Multi-Asset Trading Platform to markets, such as forex, stocks, commodities, cryptocurrencies, and other financial products.

The company released, marketed, and distributed its Condor Pro Multi-Asset Trading Platform. The company has developed the Condor Back Office API to integrate third-party CRM and banking systems into Condor Back Office.

The company has ten licensing agreements for its Condor Pro Multi-Asset Trading Platform. The company continuously negotiates additional licensing agreements with several retail online brokers to use the Condor Pro Multi-Asset Trading Platform. Condor Pro Multi-Asset Trading Platform is available in desktop, web, and mobile versions.

The company's upgraded Condor Back Office (Risk Management) meets various jurisdictions' regulatory requirements. Condor Back Office meets the directives under the Markets in Financial Instruments Directive (MiFID II/MiFIR) legislation by European Securities and Market Authority (ESMA) implemented across the European Union on January 3, 2018.

The company is developing the Condor Investing & Trading App, a simplified trading platform for traders with varied experiences in trading stocks, ETFs, and other financial markets from their mobile phones. The company expects to commercialize the Condor Investing & Trading App by the end of the second quarter of the year ending December 31, 2023.

The company had developed NFT Marketplace, a decentralized NFT marketplace, a multichain platform with a lazy minting option to reduce and limit unnecessary blockchain usage fees, also known as gas fees. The company has no plans to commercialize the NFT Marketplace in the year ending December 31, 2023, as the market for NFT has slowed considerably.

The company and its subsidiary, ADS, intends to develop a digital wealth management company, initially including a Robo Advice Platform catering to Australia's wealth management industry. The company expects to commercialize the Robo Advice Platform by the year ending December 31, 2023.

Margin Brokerage (Europe and the Middle East) - NSFX Ltd.

On December 31, 2022, the company acquired a 50.10% equity interest in New Star Capital Trading Ltd. (New Star) and its operating subsidiary, NSFX Ltd (NSFX). NSFX is an online trading brokerage firm regulated by the Malta Financial Services Authority (MFSA).

NSFX is authorized to deal with its account (market maker) as a Category 3 licensed entity by the MFSA, receive and transmit orders for retail and professional clients, and hold and control clients' money and assets. NSFX trading platform services in the English, French, German, Italian, and Arabic-speaking markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time.

The U.S. Brokerage - CIM Securities, LLC

The company filed the continuing membership application (CMA) form with FINRA in February 2023 to effect the change of ownership of CIM Securities, LLC, where the company interest shall be 51.00%.

Research and Development

For the year ending December 31, 2022, the company incurred $1,800 research and development costs.

Acquisitions

On December 31, 2022, the company acquired a 50.10% equity interest in New Star Capital Trading Ltd. (New Star) and its operating subsidiary, NSFX Ltd (NSFX).

Governmental Regulation

The company is a publicly traded company subject to SEC and Financial Industry Regulatory Authority, Inc.'s (FINRA) rules and regulations regarding public disclosure, financial reporting, internal controls, and corporate governance.

The company's wealth management business, AD Advisory Services (ADS), is subject to enhanced regulatory scrutiny and is regulated by multiple regulators in Australia. The Australian Securities and Investments Commission (ASIC) administers a licensing regime for 'financial services' providers where ADS holds an Australian Financial Services License (AFSL) and meets various compliance, conduct, and disclosure obligations.

NSFX is an online trading brokerage firm regulated by the Malta Financial Services Authority (MFSA).

History

The company was founded in 2016. It was incorporated in 2016 under the laws of the state of Delaware. The company was formerly known as Forex Development Corporation and changed its name to FDCTech, Inc. in 2018.