ONCHAN, Isle of Man,
April 18, 2021 /PRNewswire/
-- Financial technology leader ParagonEX announced today that
it aims to move hosting of all its services to carbon-neutral
hosting sites in order to mitigate their effect on the
environment.
ParagonEX has come to terms with the fact that its trading
servers, as well as other hosted services it offers to customers,
has a significant carbon footprint which can be offset or
avoided.
As part of a two-year plan to go completely green, a variety of
hosting services were looked into and a final decision was made
resulting in seamless switching between current and future hosting
service.
Simon Duggan, ParagonEX's CEO
said: "We need to be socially responsible in our actions, both on
the trading/customer-facing side and on the global responsibility
side. One cannot ignore the fact that high electricity consumption
has a detrimental effect on the environment, and companies must
take responsibility for minimizing their carbon footprint."
He added saying "Considering the medium and long-term plan
ParagonEX has and the increased visibility we are expecting due to
the above, these moves are not only needed for us, but will also
serve as an example for other companies in our field".
About ParagonEX
ParagonEX is an Isle of
Man-based financial technology company established in 2008
with the goal of providing an off-the-shelf, robust trading
platform and a back-office solution to brokers. Committed to
creating a secure umbrella solution for brokerage firms,
irrespective of their size, ParagonEX has become the technology
provider of choice for CFD trading globally. Its solutions are
today in use throughout Europe,
Australia, and the Middle East. For more information, please
visit paragonex.com.
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