Fortex, a California-based provider of independent, real-time multi-asset trading platforms, has deployed its Fortex FX platform for Advanced Markets, a North Carolina-based provider of direct market access FX (FX DMA) trading services. Using the Fortex FX platform, Advanced Markets provides FX DMA model for online institutional and individual FX traders.
Reportedly, Fortex FX is integrated with the FX liquidity providers. The company has added that the individual clients can have direct access to live pricing from FX banks, other banks, institutions, and hedge funds. It said that the rates are streamed directly from liquidity providers to provide the bid/best offer environment to each client, enabling Advanced Markets to provide unfiltered access to the interbank market with no price manipulation or delay.
According to the company, the Fortex low-latency infrastructure delivers execution speeds within one millisecond, resulting in transaction rejection rates of less than 0.5%. The platform also adjusts to a client’s bandwidth connection to optimize quote update frequency and lock in prices. It said that this feature enables Advanced Markets’ clients to quote delivery performance and an access to market action.
Daniel Chen, CEO and co-founder of Fortex, said: “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.”
Anthony Brocco, CEO of Advanced Markets, said: “We look forward to extending our joint capabilities and commitment to transparency to clients outside of the US.”
