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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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