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Fortex Launches
the Only Independent, Real-time Multi-asset Trading Platform
Only Platform to Deliver Neutral Direct Access for Equity,
Options, Futures, and Foreign Exchange Trading
REDWOOD SHORES, Calif., January 1, 2006
– Fortex, Inc., provider of the industry’s only
independent, real-time multi-asset trading platform for the
equities, options, futures, and foreign exchange markets,
today announced two new products based on its powerful, multi-asset
trading technology platform. Fortex Equities Plus provides
neutral, direct, real-time access to all U.S. exchanges, electronic
communication networks (ECNs), and key market makers for execution
for equities, options, and futures trading. Fortex FX optimizes
foreign exchange trading for buy-side and sell-side institutions
in the global currency markets, providing direct, independent
access to major bank dealing systems and execution services.
Both products are built on the high-availability, ultra-fast
Fortex technology platform, which includes advanced artificial
intelligence (AI) capabilities and advanced analytics for
supporting the most sophisticated trading strategies.
Fortex Equities Plus provides real-time, streaming access
to market data, trade execution, and multi-dealer auction
trading from a single interface. Built-in AI features automatically
aggregate market data from all liquidity sources, locates
maximum liquidity, discover price improvements, and minimize
market impact. Traders can monitor market activity, analyze
positions, and execute trading strategies in real time, using
a variety of advanced analytical catalysts and risk management
tools built into Equities Plus. The platform is customized
to each customer’s unique trading environment and typically
deployed within 14 days.
“Fortex’s products meets our criteria for a trading
system that significantly improves our ability to provide
the highest levels of trade execution and customer services,”
said Steven Goldman, CEO of Trade Manage Capital, Inc. “We
expect the Equities Plus upgrade to offer new capabilities
that will help us improve our per-trade cost structure, as
well as our trading strategies.”
Fortex FX is optimized for buy-side and sell-side institutions,
connecting all major bank dealing systems and execution services
in real time. Unique Fortex FX Multibank Portal software enables
real-time Executable Streaming Quotes (ESQ) from more than
50 liquidity providers for over 80 global currency pairs over
the Fortex proprietary network. Straight-through Processing
(STP) places orders automatically for instant, low-cost execution.
The platform can also function as an open-end FX exchange
system.
“Currency trading is being revolutionized by direct,
electronic access to bank dealing systems and program trading,”
said Todd Crosland, President of Interbankfx. “Fortex
FX clearly delivers the high-availability, high-performance
connectivity to liquidity providers that we require, and its
advanced features demonstrate that Fortex clearly understands
and anticipates overall industry direction.”
“We are gratified by the industry’s immediate
interest in the Fortex platform,” said Daniel Chen,
Fortex President. “We see tremendous potential for our
advanced technology capabilities to help financial services
companies enhance their service levels to institutional and
retail customers, bring more assets under management, and
improve trading profitability.”
Thousands of traders in the U.S., Europe, Asia, and the Middle
East already use Fortex technology to trade foreign exchange,
and the company’s network hosts an average daily currency
trading volume of US$500 million. Fortex is headquartered
in Silicon Valley with an office in New York City’s
financial district. The company is privately held.
About Fortex
Fortex develops and deploys premier multi-asset trading systems
for equities, options, futures, and foreign exchange trading.
It is the only company to provide a completely neutral, real-time
platform that provides direct access to major global exchanges
and leading market makers through a single trading interface.
For more information, please visit www.fortex.com
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