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Advanced Markets
and Fortex Launch UltiMT™ MetaTrader Solution
Unified System Enables Sub 10 Millisecond Trade Processing
via MetaTrader Front Ends
CHARLOTTE, NC and REDWOOD CITY, Calif–May 28,
2012 – Advanced Markets, LLC, a leading
provider of foreign exchange direct market access (DMA) and
Fortex, Inc., a leading independent
developer of real-time, multi-asset trading platforms, today
announced the release of UltiMT, a
technology, liquidity and credit offering that enables banks
and brokers to provide MetaTrader front-end
system traders with direct, high-speed access to multibank
foreign exchange and precious metals pricing
and trade executions.
The technology at the core of the new offering is a Fortex
platform that supports all trading, credit, liquidity, risk
management, reporting and other functionality in a single
solution. UltiMT can process trades entered via MetaTrader
front ends in under 10 milliseconds and delivers additional
performance and operational benefits.
In contrast, competing solutions spread these functions across
multiple, disparate platforms, bridges and
applications, creating significant compatibility, operational
complexity and integration issues to the
detriment of system performance, stability and speed.
“UltiMT’s unified system architecture is major leap forward that
supports MetaTrader banks and brokers
with extensive operational, risk management and trading advantages
unrivalled by other offerings,” said
Daniel Chen, Fortex’s CEO and founder. “Moreover,
the combination of this leading edge platform with
Advanced Markets’ multibank DMA liquidity pool creates
powerful new opportunities for MetaTrader
banks, brokers and their trading customers.”
UltiMT is an enterprise grade product that provides high
performance, high availability and scalability. The
solution accepts all MetaTrader order types, supports Expert
Advisor and enables comprehensive order
flow and position management through a streaming user interface
and comprehensive back-office suite.
To complement this leading edge technology platform, Advanced
Markets enables UltiMT traders to
directly access live, executable FX and precious metals prices
streamed by more than 10 leading foreign
exchange banks. Advanced Markets’ liquidity protocol
enables traders to trade instantly on bank prices
without the rates being spread, subject to fixed spreads or
manipulated in any way.
To date, UltiMT has been extensively tested with select brokers
and banks globally.
“After trying a number of the available MetaTrader
bridge solutions, we’ve been using UltiMT in live
trading with remarkable success,” said Andrew J. Henderson,
Director of Trading, One Financial Markets,
a UK FSA-registered foreign exchange, CFD and commodities
broker. “Our clients have experienced
excellent trading performance on DMA liquidity and the system
has not had a moment of down time or
single out trade in over 10 months of live trading, which
is fantastic from an operations perspective.”
UltiMT’s robust technology reflects Fortex’s
experience working with MetaTrader and Advanced Markets. Fortex
built the first MetaTrader bridge in 2003. In operation, the
Fortex Bridge has consistently processed more than $12 billion
in average daily trading volume and more than 5.5 million
tickets monthly. Fortex’s Multibank Portal has been
in use at Advanced Markets FX since 2009, providing low-latency
trade executions and an ultra-low rejection rate (less than
0.05 percent) with near-perfect uptime performance.
“We have worked closely with Fortex for years to deliver
professional quality direct market access liquidity
to spot FX brokers and traders,” said Anthony Brocco,
CEO of Advanced Markets. “Our first-hand
experience with their best-in-class technology and operating
infrastructure as well as their deep
experience building and operating MT solutions made Fortex
the clear technology solution for the UltiMT
MetaTrader platform.”
# # #
About Advanced Markets, LLC
Advanced Markets, LLC is a registered FCM and RFED with the
CFTC and NFA. Advanced Markets FX
provides direct market access (DMA) to one of the deepest,
most transparent liquidity pools in the FX
spot market. DMA goes beyond “no dealing desk”
and STP models offered by other brokers, providing
instant, unfiltered access to live spot FX prices without
fixed spreads or other impediments to instant,
best-price execution. (Live, executable bid/offer rates can
be viewed at www.advancedmarketsfx.com.)
The firm is a wholesale provider of DMA and credit services
to banks and brokers globally and offers
accounts to hedge funds, commodity trading advisors (CTAs)
as well as experienced, well capitalized
individual traders.
The company is privately held. Investors include Macquarie
Americas Corp Inc., a wholly owned
subsidiary of Macquarie Bank, GFI Group Inc. and firm management.
For more information, please visit www.UltiMT.com and www.advancedmarketsfx.com.
About Fortex
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.
Industry Contact:
Steve Janjic
Advanced Markets LLC
Office: +1 704.544.9446 extension 210
Mobile: +1 704 993 7193
sjanjic@amifx.com
Media Contact:
Peter Burton
Delta Markets Group
Office: +1 732 546 3700
Mobile: +1 917 589 9475
pburton@deltamarkets.com
UltiMT is a trade mark of Advanced Markets LLC. All rights
reserved. |