Garnet Trade, a cross-border financial markets firm, has put pen to paper on a $2 million technology partnership with Eximus, a move tied to its plan to bolster its tech backbone and sharpen the digital trading proposition it offers clients. The mandate spans work on Garnet Trade’s CRM stack alongside technology projects linked to Garnet Private, the platform being pitched as a substitute front end to MT5.
London, United Kingdom: With technology now carrying ever more weight in how trades are executed and how back-office functions run across the sector, Garnet Trade is stepping up its spending on the tech side.
Under the Eximus deal, valued at $2 million, the firm is targeting a joined-up, scalable technology ecosystem built for what comes next, covering client-facing digital channels as well as its in-house operational plumbing.
The tie-up is billed as one of the central tech commitments underpinning Garnet Trade’s expansion into international markets.
Garnet Private Takes Centre Stage in the Tech Spend
Garnet Private sits among the headline elements of the deal.
Built by Garnet Trade to give investors a distinct way of trading online, Garnet Private is slated to serve as an alternative front end to MT5.
With Garnet Private, the firm intends to shape the digital route investors take into the markets so that it tracks Garnet Trade’s own branding and technology roadmap.
Development work will concentrate on user experience, platform performance, integration across systems and the capacity to scale.
Management sees Garnet Private as more than just another trading screen: the company regards it as a cornerstone of the wider digital ecosystem it intends to assemble over the long haul.
Eximus Deal Extends to CRM Build-Out
The second major plank of the Eximus partnership is an upgrade of Garnet Trade’s CRM infrastructure.
The terms see the firm seeking to upgrade the tech used in investor relations and day-to-day operations, tighten links between separate systems and put in place a more scalable framework able to absorb rising operational demand.
Garnet Trade regards developing its client-facing digital tools in tandem with its back-office systems as a key pillar of its long-range technology plan.
Toni Jovanovski: Deal Is a Bet on the Firm’s Digital Future
Chief executive Toni Jovanovski said the Eximus contract, worth $2 million, goes beyond simply upgrading the tech the company already runs, calling it a significant milestone in Garnet Trade’s long-term push towards digital transformation.
Speaking about the deal, Jovanovski said:
“We do not view our $2 million agreement with Eximus as simply a technology investment. Through this partnership, we aim to build the foundation for Garnet Trade’s next phase of digital transformation. From our CRM systems to Garnet Private, we want to create a more integrated, scalable and adaptable digital ecosystem across every point where our investors interact with Garnet Trade.”
Jovanovski observed that rivalry across the sector increasingly hinges on the tech and user experience underpinning what firms sell, and not merely on the products and services themselves.
“Technology is no longer simply a supporting element in financial services; it has become a fundamental part of the user experience. For this reason, we are developing our technological infrastructure not only around today’s requirements, but also with the scale we aim to achieve in the future in mind. Garnet Private will be one of the most important projects reflecting this approach.”
Tech Backbone to Underpin Overseas Expansion
Garnet Trade frames the Eximus agreement as one piece of a long-horizon technology plan built to back its ambitions in international markets.
The firm reckons that as it widens its footprint into new markets, the capacity of its tech infrastructure to scale in step will be a decisive driver of durable growth in the financial sector.
Consistent with that plan, Garnet Trade expects to keep allocating capital to its digital infrastructure, with CRM systems, trading technology, Garnet Private and the integration of systems the main areas of focus.
Chief executive Toni Jovanovski also stressed that the company’s overseas growth targets and tech spending will keep advancing side by side, with Garnet Trade looking to build infrastructure sized not just for today’s operational needs but for the scale it plans to reach down the line.
For Garnet Trade, the $2 million Eximus agreement marks a meaningful step in its drive to build a proprietary digital ecosystem, scale up spending on trading technology and back its international business with a sturdier, more scalable tech foundation.