Panda Trading Systems (“Panda” or the “Company”), a leading global provider of B2B trading technology and brokerage infrastructure solutions, today announced that it has retained Citizens JMP Securities, LLC (“Citizens”) as its exclusive strategy and capital structure advisor.
In this role, Citizens will help the company evaluate a broad range of strategic alternatives aimed at supporting Panda’s next phase of growth, accelerating the expansion of its product platform, and maximizing the long-term value of the company and its stakeholders. The review will consider opportunities including, but not limited to, strategic partnerships, growth capital initiatives and other corporate and capital structure options.
A Panda Trading Systems spokesperson said: “Panda has built a strong reputation as a trusted technology partner for brokers around the world, and our platform continues to see significant demand in both established and emerging markets.” “Engaging citizens allows us to thoughtfully evaluate the most urgent paths to build on this momentum and unlock the next phase of value creation for the company and its stakeholders.”
The Company has not set a final timeline for the review and does not intend to comment further on the process unless and until appropriate.
About panda trading systems
With over 20 years in the brokerage technology space, Panda Trading Systems is a global provider of B2B trading and brokerage infrastructure solutions. Headquartered in Israel, the company serves brokers throughout Europe, the Middle East, Asia, Latin America and beyond.
Panda’s product suite includes the broker’s full technology stack — led by Panda CRM and Panda Trading Server, with trading applications, an IB system, and a suite of operational tools.
The company’s white-label and modular offerings allow brokerage firms to launch, scale and operate efficiently across multiple jurisdictions.
For more information, visit www.pandats.com.
About Citizens Financial Group, Inc
Citizens Financial Group, Inc. is a One of the nation’s oldest and largest financial institutions, with assets of $226.4 billion as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle market companies, corporations and large institutions. Citizens helps its clients realize their potential by listening to them and understanding their needs in order to provide personalized advice, ideas and solutions. In consumer banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and convenient access to approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Retail banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Retail banking includes Citizens Private Bank and Private Wealth, which combine banking and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and corporations. In commercial banking, Citizens offers a broad range of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us at X, LinkedIn or Facebook.
Forward-looking statements
This press release contains forward-looking statements regarding Panda Trading Systems and its strategic review process. These statements are based on current expectations and are subject to risks and uncertainties, including the possibility that the strategic review will not result in any transaction or other outcome. Actual results may differ materially from those expressed or implied. Panda undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Panda Trading Systems (“Panda” or the “Company”), a leading global provider of B2B trading technology and brokerage infrastructure solutions, today announced that it has retained Citizens JMP Securities, LLC (“Citizens”) as its exclusive strategy and capital structure advisor.
In this role, Citizens will help the company evaluate a broad range of strategic alternatives aimed at supporting Panda’s next phase of growth, accelerating the expansion of its product platform, and maximizing the long-term value of the company and its stakeholders. The review will consider opportunities including, but not limited to, strategic partnerships, growth capital initiatives and other corporate and capital structure options.
A Panda Trading Systems spokesperson said: “Panda has built a strong reputation as a trusted technology partner for brokers around the world, and our platform continues to see significant demand in both established and emerging markets.” “Engaging citizens allows us to thoughtfully evaluate the most urgent paths to build on this momentum and unlock the next phase of value creation for the company and its stakeholders.”
The Company has not set a final timeline for the review and does not intend to comment further on the process unless and until appropriate.
About panda trading systems
With over 20 years in the brokerage technology space, Panda Trading Systems is a global provider of B2B trading and brokerage infrastructure solutions. Headquartered in Israel, the company serves brokers throughout Europe, the Middle East, Asia, Latin America and beyond.
Panda’s product suite includes the broker’s full technology stack — led by Panda CRM and Panda Trading Server, with trading applications, an IB system, and a suite of operational tools.
The company’s white-label and modular offerings allow brokerage firms to launch, scale and operate efficiently across multiple jurisdictions.
For more information, visit www.pandats.com.
About Citizens Financial Group, Inc
Citizens Financial Group, Inc. One of the nation’s oldest and largest financial institutions, with assets of $226.4 billion as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle market companies, corporations and large institutions. Citizens helps its clients realize their potential by listening to them and understanding their needs in order to provide personalized advice, ideas and solutions. In consumer banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and convenient access to approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Retail banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Retail banking includes Citizens Private Bank and Private Wealth, which combine banking and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and corporations. In commercial banking, Citizens offers a broad range of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us at X, LinkedIn or Facebook.
Forward-looking statements
This press release contains forward-looking statements regarding Panda Trading Systems and its strategic review process. These statements are based on current expectations and are subject to risks and uncertainties, including the possibility that the strategic review will not result in any transaction or other result. Actual results may differ materially from those expressed or implied. Panda undertakes no obligation to update or revise any forward-looking statements, except as required by law.
