Online trading

iWave’s interactive brokerage platforms and systems are designed to enhance global online trading

Ramon Garcia, Executive Chairman of DFNN

MANILA, Philippines – With the sentimental news and trading floor closure of the Philippine Stock Exchange, the technology arm of DFNN, Inc., Investee Company – iWave, Inc. (iWave) “NEXT-WAVE” Interactive Broker Platforms and Systems is a comprehensive digital, app-driven, complete back office, client relationship, digital marketing and secure identity stock trading solution that enables trading participants and retail investors to maximize equity trading activities through an integrated end-to-end system that will expand capital markets participation and growth.

Currently, some of these technologies are already used by the best online brokers.

The NEXT-WAVE system was developed in conjunction with long-time technology partner DirectFN. The NEXT-WAVE platforms and systems were introduced to trading participants of the Philippine Stock Exchange (PSE) with the cooperation of PSE and received very positive feedback.

NEXT-WAVE platforms and systems meet all the requirements of brokers and retail investors from a digital perspective for trading, settlement and back-office processes such as accounting, billing and include several new Fintech and payment solutions designed to quickly execute transactions.

Processing is done in real time, improving payment speed and reducing friction. NEXT-WAVE platforms and systems are available on a subscription basis allowing business participants to manage usage and expenses based on certain custom and growing requirements.

The trading platform’s retail channel is designed to tap into the untapped market of young professionals and new investors who are just beginning to learn and navigate the intricacies of the stock market. With NEXT-WAVE’s e-learning modules, new investors can access various courses focused on e-commerce and more. It also has a unified digital direct messaging system using SMS, email, direct messaging (Viber, Whatsapp) and which has proven to be a vital contribution as a powerful marketing tool.

With its extensive experience in banking systems, iWave has been a leader in the financial industry with the company developing, delivering and managing proprietary technology products for banks and other financial institutions that process high volume, secure transactions. iWave built the Philippines’ first automated trading platform which was implemented on the trading floor of the PES in 1993. Even today, iWave’s technology components are used by the largest online brokerage firms in the Philippines for daily volume transactions.

DirectFN, a technology partner of DFNN, is present in more than 18 countries and specializes in fast and accurate trading solutions ranging from desktop information workstations, transaction systems and order management systems to solutions profitable from start to finish. The company is also a provider of exchange information to institutions through direct feeds or its DirectFNTM terminal, which includes reference data, charting tools and other content required by the professional and retail investment community.


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