The Atlas group has been in business for over twenty years through various companies led by the founding members of Atlas FinTech Holdings Corp. The group started in 1994 with NexTrade, one of the first electronic communications networks which was later sold to Citigroup. In 1998, the founders created Matchbookfx, a spot FX ECN that integrated retail trading and clearing and settlement. After the sell of NexTrade, the group founded Anderen Financial which was originally designed to be a Bank for Banks in the U.S. Anderen was ultimately profitably sold to Valley national Bank. Thereafter the Atlas group worked tirelessly on obtaining a General Banking license for its Panama based bank, Atlas Bank, while setting up their FX business, Atlas FinTech, and laying the foundation for their correspondent clearing broker dealer, Atlas Clear. Atlas FinTech has been operating since 2015. Atlas Bank opened operations in October 2017, capitalized with $25MM. Atlas Clear is currently in formation and the Group anticipates opening operations in Quarter 3 of 2018. In addition to the expertise and experience of Atlas FinTech’s founders, the Company has assembled a strong team of seasoned financial services professionals with deep local market knowledge to execute the Company’s strategy.
Atlas FinTech Holdings Corp. is a technology enabled financial services firm that will offer specialized banking services including prime banking, prime brokerage, and commercial finance services; foreign exchange solutions; and correspondent clearing services. These services will initially include margin loans on foreign exchange and fixed income products, eventually extending into margin loans on equity securities as well as services such as deposit accounts, loans, order execution, custody, clearing and settlement, and risk management.