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Fortex Deploys Low-Latency FX Trading Infrastructure to Power
Advanced Markets FX DMA Model
Provides Direct Market Access FX Trading for Institutions and Individuals
REDWOOD SHORES, Calif., August 18, 2009
– Fortex, Inc., the leading provider of independent,
real-time multi-asset trading platforms, today announced that
it has deployed its high-performance, low-latency Fortex FX
platform for Advanced Markets, LLC, a leading provider of
direct market access FX (FX DMA) trading services. Using the
Fortex FX platform, Advanced Markets provides a fully transparent,
low-latency FX DMA model for online institutional and individual
"We are pleased to team with Advanced Markets and provide
FX market participants with access to the platform's unmatched
speed and advanced trading capabilities," said Daniel
Chen, CEO and co-founder of Fortex. "With the Advanced
Markets FX DMA model and the Fortex platform, institutional
and individual traders participate in the fairest environment
available – the real interbank market – and gain
instant access to the best prices from leading liquidity providers
around the world."
Fortex FX is tightly integrated with the leading FX liquidity providers. For
the first time, individual clients have direct access to live
pricing from more than 10 top-tier FX banks, on equal footing
with other banks, institutions, and hedge funds. Rates are
streamed directly from liquidity providers to provide the
best bid/best offer environment to each client, enabling Advanced
Markets to provide unfiltered access to the true interbank
market with no price manipulation or delay.
The Fortex low-latency infrastructure delivers execution
speeds within one millisecond, resulting in transaction rejection
rates of less than 0.5 percent. The platform also dynamically
adjusts to a client's bandwidth connection to optimize quote
update frequency and lock in prices. This feature enables
Advanced Markets' clients to experience superior quote delivery
performance and maximum access to market action. Market-making
banks gain access to all online traders and a completely unfiltered
order flow, while banks, hedge funds, institutional traders,
and individuals compete on equal market footing.
“We share a foundational belief with Fortex in fair
trading and transparent markets, and we are delighted to work
together to transform FX trading,” said Anthony Brocco,
CEO of Advanced Markets. “We look forward to extending
our joint capabilities and commitment to transparency to clients
outside of the U.S."
Fortex FX supports more than 22,000 online trading accounts
worldwide and processes over 5.5 million tickets per month.
Advanced Markets provides FX trading services to individual
traders, money managers, CTAs, broker partners, trading funds,
and pools. Using Fortex FX, the firm offers straight-through
processing (STP). Unlike fixed or minimum bid/offer spreads
from traditional brokerages, Advanced Markets spreads are
variable, reflecting real-time interbank market conditions,
and can be as low as zero pips.
Fortex is the leader in developing and deploying world-class,
multi-asset trading systems for foreign exchange, equities,
options, and futures 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.
About Advanced Markets, LLC
Advanced Markets provides individual and institutional FX
traders transparent trading access to the global FX market.
The firm’s Direct Market Access model, advanced trading
technology and real-time pricing from top-tier banks provide
FX traders with a level playing field and total transparency.
Advanced Markets is a futures commission merchant registered
with the U.S. Commodity Futures Trading Commission and a member
of the U.S. National Futures Association. The firm is headquartered
in Charlotte, North Carolina. Advanced Markets receives foreign
exchange services, including pricing and prime brokerage services,
from Macquarie Bank Limited ("Macquarie Bank").
A wholly owned subsidiary of Macquarie Bank is also a debt
provider to Advanced Markets and has the right to take an
equity interest in a member of Advanced Markets LLC group
Macquarie Bank is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie
Bank maintains Representative Offices in the states of California,
New York, Texas and Washington, but is not authorized to conduct
banking business in the United States.