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Fortex Adds Saxo Bank as FX Liquidity Source
Bank Joins Currenex and Hotspot FX as Liquidity Pools Available through Fortex FX Multibank Portal
REDWOOD SHORES, Calif., March 22, 2007 –
Fortex, Inc., the leading provider of independent, real-time
multi-asset trading platforms, today announced that it has
added Saxo Bank, a leading FX trading bank, as a liquidity
source available through the Fortex FX platform. Access to
the Saxo Bank aggregated liquidity feed provides Fortex customers
with direct access to more than 120 FX currency crosses and
simplifies online trading for brokers.
The Fortex platform already supports Currenex and Hotspot
FX liquidity pools, providing Fortex customers with a range
of choices for online FX trading. Currenex connects more than
70 global banks that represent the Asia Pacific, European,
North American and Latin American markets. Hotspot FX provides
electronic access to the spot FX market.
“FX trading is all about direct access to liquidity,”
said Daniel Chen, CEO and co-founder of Fortex. “Fortex’s
unique Multibank Portal and Straight-Through Processing capabilities
will now enable our customers to gain real-time quoting and
execution capabilities so that they can instantly take advantage
of opportunities. Adding Saxo Bank to the liquidity pools
we support enhances our platform and benefits our customers.”
The Fortex FX platform connects to liquidity pools, major
bank dealing systems, and execution services around the globe
in real time—at no extra cost to customers. Fortex FX
Multibank Portal software enables traders and money managers
to receive real-time Executable Streaming Quotes (ESQ) from
more than 50 liquidity providers. Artificial intelligence
provides Straight-Through Processing (STP) of orders to inter-bank
markets without human intervention, reducing execution costs.
At the same time, Fortex’s STP features optimize trading
decisions by locating maximum liquidity, discovering price
improvement, and minimizing market impact. Traders can place
market, limit, fill-or-kill, immediate-or-cancel, all-or-none,
stop loss, take profit, threshold, trailing stops, conditional,
and embedded orders to execute even the most sophisticated
trading strategies.
Headquartered in Denmark, Saxo Bank A/S specializes in online
investments in international capital markets. The bank has
thousands of clients in more than 165 countries and was voted
as one of the top 10 banks for overall FX dealing in the FX
Week Annual Survey.
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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