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Fortex Delivers Automatic Allocation Capabilities for MetaTrader 4 (MT4) Users
Fortex FX Bridge Only Platform to Automate PAMM and LAMM Trades
REDWOOD SHORES, Calif., March 1, 2007 –
Fortex, Inc., the leading provider of independent, real-time
multi-asset trading platforms, today announced that it is
the first company to enable fully automated pre-and post-asset
allocation capabilities to traders using the MetaTrader 4 (MT4)
platform. For the first time, institutional traders can pre-allocate
FX, futures, and Contracts for Differences (CFD) trades from
their existing MetaTrader 4 system to simplify trade execution
and ensure impartial pricing for clients. The integration
with MetaTrader 4 makes Fortex the only platform provider
with this capability, and it is expected to help the company
make significant gains with the more than 100 institutional
clients that use the MetaTrader 4 system.
Proven in production installations with key Fortex clients
in the past 6 months, the Fortex FX platform’s advanced
allocation features are extended to the MetaTrader 4 system
through the Fortex Bridge, a software bridge that captures
orders from existing trading systems and transmits them through
Fortex FX to access liquidity pools across global markets.
The Fortex Bridge enables institutions to increase the useful
life of an existing system while ensuring trade quality and
price impartiality for numerous client sub-accounts.
“Pre-allocation is especially critical in FX trading,
although the capability is equally valuable for CFDs and futures
clients,” said Daniel Chen, CEO and co-founder of Fortex.
“The Fortex Bridge now enables money managers and institutional
traders to execute one block trade for multiple clients and
ensure that each receives the same price. Automation represents
a huge step forward in removing technical and administrative
barriers to delivering outstanding client service and ensuring
trading best practices.”
The Fortex Bridge extends fully automatic pre- and post-allocation
capabilities present in the Fortex FX platform to existing
trading systems. Money managers can allocate trades using
Percent Allocation Money Manager (PAMM) or Lot Allocation
Money Manager (LAMM) methods, while gaining direct, real-time
access to major bank dealing systems around the world. The
Fortex Bridge and advanced allocation features are now available
to all Fortex customers.
The Fortex FX platform unifies global execution venues and
aggregates segmented liquidity pools to provide FX traders
with real-time quotes and execution. A unique artificial intelligence
engine delivers Straight-Through Processing (STP) without
human intervention—speeding execution, enabling 24x7x365
trading, and reducing execution costs. A highly intuitive
interface supports the most sophisticated currency trading
strategies and enables traders to bypass traditional published
pricing and preferential quotes-on-request.
About Fortex
Fortex is the leader in developing and deploying world-class,
multi-asset trading systems for equities, options, futures,
and foreign exchange trading. Only Fortex delivers completely
neutral, real-time platforms that provide direct access to
all global exchanges and leading market makers through a single
trading interface. The company is privately held and headquartered
in Silicon Valley. For more information, please visit www.fortex.com
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