KlickEx
 |
| KlickEx Logo | |
| Company type | Private |
|---|---|
| Industry | Trade and development |
| Founded | 2009 |
| Headquarters | Auckland, New Zealand |
Key people | Ross Peat CEO & Exeutive Chairman Robert Bell Founder and COO Brett Waterson Founder and CTO Phil Norman Director Terry Allen Director |
| Products | Private electronic market Settlement (finance) Payment system Foreign Exchange |
| Parent | KlickEx Corporation |
| Website | www.KlickEx.com |
KlickEx is a smart market company whose "by invitation only" retail systems include a patent pending multi-national foreign exchange service, providing ultra low cost foreign exchange clearing services to selected clients Australia, New Zealand and the South Pacific.
In 2010, KlickEx filed regulatory applications to expand operations into the UK, Europe and South East Asia.
Smart Market
A "smart market" is a periodic [market] which is cleared by the operations research technique of mathematical optimization, such as linear programming. The smart market is operated by a market manager. Trades are not bilateral, between pairs of people, but rather to or from a pool. A smart market can assist market operation when trades would otherwise have significant transaction costs or externalities.
A good overview is given in [1].
See Also KlickEx Software
Market Niche
KlickEx has three core niches:
- An open access Private electronic market for multi-currency settlments.
- Instantaneous multi-regional clearing, verification, and order forwarding.
- Sophisticated cashflow tracking services.
The micro-currency system provides members the facility to move both ultra-low-value and high-value quantities of foreign exchange through the foreign exchange markets - without cost. Instantaneous multi-regional transfers allow the proceeds of multi-currency settlements to be forwarded on electronically at bank-bank exchange rates, saving end users thousands of dollars per transaction. And the sophisticated cash flow, and wealth management systems enable enhanced transparancey and consumer security across a multi-currency platform.
Management Team
KlickExs management team is drawn from IBM, HSBC, Microsoft, Xero and others.[2]
Corporate History and Development
KlickEx was developed in conjunction with New Zealand High-Net-Worth Asset Management firm UBNZ World Markets, online technology platform OneWay.co.nz, and is derived from the title: The Klick Exchange Trading Company.
The KlickEx system is based on trading technology that has been operational since 2002, and has completed over 17 million in-market trades in USD, AUD, NZD and GBP.
KlickEx HeadOffice is based in Auckland, New Zealand and located in the "ICE-house" Innovation Centre, recently named[3] one of Forbes Magazine's top 10 start-up incubation facilities in the world.
Registration
KlickEx is registered in New Zealand, Licensed in Samoa and Tonga, and operates under the ASIC AFSL Exemption code for operation in Australian currency.
Micro-Credit
KlickEx operates a basic micro-credit operation for pacific island trading communities, launched in May 2010.
- ^ McCabe, Kevin, Stephen Rassenti, and Vernon Smith (1991). Smart computer-assisted markets. Science. 254 534-538.
- ^ https://www.klickex.com/detail.aspx?id=17
- ^ http://www.nzherald.co.nz/small-business/news/article.cfm?c_id=85&objectid=10642353
See also
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