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Fortex Exceeds $3 Billion in Daily FX Trading
High Volume Signals Enthusiastic Market Acceptance of Fortex
FX Platform
REDWOOD SHORES, Calif., April 17, 2007 –
Fortex, Inc., the leading provider of independent, real-time
multi-asset trading platforms, today announced that in March
the company exceeded $3 billion in daily currency trading
on its Fortex FX trading platform. The announcement validates
the company’s approach to providing direct access to
global liquidity pools for FX traders and demonstrates the
platform’s rapidly increasing adoption among FX traders
worldwide.
In less than five quarters, Fortex’s daily FX trading
volume has increased from $500 million to more than $3 billion.
Since launching the Fortex FX platform in January 2006, the
company has steadily added liquidity sources, including Currenex,
Hotspot FX, and Saxo Bank and now provides direct access to
global banks and execution services that represent the Asia
Pacific, European, North American and Latin American markets.
“We are pleased to reach this level of trading activity
so quickly,” said Daniel Chen, CEO and co-founder of
Fortex. “We offer a unique opportunity for customers
to gain direct access to liquidity and advanced FX trading
capabilities that are not available on other platforms. In
addition, our Fortex FX Bridge solution opens the door for
more than 20,000 global MetaTrader (MT) users to leverage Fortex’s
advanced features for improving spreads and client service.
This is an exciting time in the world’s FX markets.”
Proven in numerous production installations, the Fortex FX
platform’s advanced features are now available to all
Fortex FX customers. These features include fully automatic
pre- and post-allocation capabilities, scalping detection
and rejection, domain-based quotes, auto hedging, internal
matching, and superior real-time risk management.
Fortex also offers a multi-asset trading platform, Equities
Plus, which provides neutral, direct real-time access to all
U.S. exchanges, ECNs, and market makers for broker-dealers,
market makers, clearing houses, trading firms, hedge funds,
money managers, proprietary traders, and professional investors.
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. Fortex Equities
Plus and Fortex FX are available as hosted solutions.
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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