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 strategic and capital structure advisor.
In this role, Citizens will assist the Company in evaluating a broad range of strategic alternatives intended to support the next phase of Panda’s growth, accelerate the expansion of its product platform, and maximize long-term value for 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.
“Panda has built a strong reputation as a trusted technology partner to brokers worldwide, and our platform continues to see meaningful demand across both established and emerging markets,” said a spokesperson for Panda Trading Systems. “Engaging Citizens allows us to thoughtfully evaluate the most compelling pathways to build on that momentum and unlock the next stage of value creation for the Company and its stakeholders.”
The Company has not set a definitive timetable for the review and does not intend to comment further on the process unless and until appropriate.
About Panda Trading Systems
With more than 20 years in the brokerage technology industry, Panda Trading Systems is a global provider of B2B trading and brokerage infrastructure solutions. Headquartered in Israel, the Company serves brokers across Europe, the Middle East, Asia, Latin America, and beyond.
Panda’s product suite spans the full brokerage technology stack — led by the Panda CRM and the Panda Trading Server, with Trading Applications, an IB System, and a range of operational tools.
The Company’s white-label and modular offerings allow brokerages 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 one of the nation’s oldest and largest financial institutions, with $226.4 billion in assets 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, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored 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 the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement 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 loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on 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 may 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.
