Mmtec Inc. (China)

The Company developed and deployed a series of platforms which comprise a business chain that enables PRC-based hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms to engage in securities market transactions and settlements globally.
The Company conducts its business through and based on distinct yet integrated business systems designed to provide support for its Securities Dealers Trading System (securities registration and clearing, account management, risk management, quick trading and execution, and third party access middleware), Private Fund Investment Management System (multi-account management, fund valuation, risk management, quantitative trading access, liquidation and requisition management) and (iii) Mobile Transaction Individual Client System and PC Client System (Apple IOS, Android, PC, Web). The Company assist PRC-based financial institutions taking part in the overseas securities trading markets by providing them comprehensive Internet-based securities solutions. These PRC financial institutions, along with Hong Kong broker-dealer customers, may “white label” its trading interface (i.e., put their logos on it, make its trading interface available to their customers without referencing its name, as if it was developed by them in-house), or they can select from among its modular functionalities, such as order routing, trade reporting or clearing on specific products or exchanges where they may not have up-to-date technology to offer their customers a comprehensive range of services and products.
The Company also helps PRC-based hedge funds, mutual funds, proprietary trading groups to speed up their integration into the overseas market and offer them additional services, such as fund establishment, issuance, custody, transaction and settlement. The Company also provides a series of IR solutions service for China Concepts Stock companies, helps maintain the relationship between listed companies and the company's equity, debt investors or potential investors. The Company provides its clients across all industries, sectors, and regions with strategic actionable intelligence and visibility into the capital markets for the long term.
The Company currently has two operating segments, Gujia provides market data services and investor relations management services to customers in China, and MM Global operates as an introducing broker that clears all transactions through a clearing broker dealer and earns commission income and other related income from customers in the U.S. Corporate and unallocated amounts that do not relate to an operating segment have been allocated to “Unallocated.”
HISTORY
2017 The Company was incorporated in Hong Kong on October 31, 2017 for the purpose of being a holding company for the equity interest in Gujia (Beijing) Technology Co., Ltd. (“Gujia”).
2018 The Company was incorporated on January 4, 2018 under the laws of the British Virgin Islands (“BVI”). On March 19, 2018, the Company acquired a wholly owned subsidiary, MM Future Technology Limited (“MM Future”).
2019, The Company incorporated MM Global Capital Limited (“MM Global Capital”), a Hong Kong company, for the purpose of providing assets management and investment services to clients. Since October 18, 2019, MMBD Trading and MM Global were consolidated into the Company. The Company s shares have been listed on the NASDAQ Stock Market under the symbol MTC since January 8, 2019 following the completion of its initial public offering.
2020 The Company acquired all outstanding securities of MMBD Investment Advisory Company Limited
2021 The Company incorporated Fundex SPC, a Cayman Islands company, for the purpose of providing asset management services to clients, as a wholly-owned subsidiary of MM Capital Management Limited, on September 13, 2021.