EncoreFX Inc.

$750,000.00 CAD

≈ 10 Canadians' average pay for a year
Department
National Research Council Canada
Program
Industrial Research Assistance Program – Contributions to Firms
Recipient country
Canada
Fiscal year
2019-2020
Agreement period
April 1, 2019 – September 30, 2020
Reference
nrc-cnrc:172-2019-2020-Q2-928685

Published purpose

The project will aim to develop data inter-connectivity between EncoreFX's systems. The purpose of connecting information from our online portal, pricing engine, enterprise system, derivative options system, credit monitoring application, and client reporting application is to create a central source of data. This source will allow our business to increase straight through processing time and leverage data for business intelligence. Furthermore, by linking our systems we will be able to offer a greater range of financial products directly to our clients though our Online trading platform, Express. We will also aim to develop, though Machine Learning, a risk management tool for clients to predict exposures, creating revenue opportunities.

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View official source record Imported July 30, 2026 from open.canada.ca Grants & Contributions