FX Bridge Technologies Names Stephen Best to
Serve as New CEO
ATLANTA, Aug. 24, 2010 /PRNewswire/ — FX
Bridge Technologies, the world’s
leading provider of same-account FX, CFD and options trading platforms,
has
hiredStephen Best as CEO.
Over the past 10 years, Best has focused on
the implementation of complex electronic trading initiatives at large
financial institutions.
He joined FX Bridge from State Street Global Markets, where he was
Senior Managing Director, Global Head of Electronic Trading & Distribution.
In this role, Stephen was responsible for FX algorithmic trading and
electronic sales. Previously, Stephen was Managing Director, Global
Head of eCommerce Strategy for JPMorgan’s Global Currencies & Commodities
Group. During his 20 year career in financial markets, Best has held
derivative trading and sales roles at RBC, UBS and Deutsche Bank.
“I am excited about joining FX Bridge Technologies,” said
Best, “and I anticipate significant growth over the next year
as the company continues to gain traction with broker-dealers and traders.”
“Stephen came to our attention because of his strong execution
skills, his proven ability to lead top performing teams and his expansive
vision of the future of FX,” said Joe Cunningham, President of
FX Bridge, “FX Bridge has grown rapidly in the last 12 months.
The appointment of a new CEO with his particular skill set will ensure
that FX Bridge delivers the best possible service to its worldwide
clients.”
FX Bridge Expands with New Zealand Client FXCENTRAL
ATLANTA, Aug. 2 /PRNewswire/ - FX Bridge Technologies
continues to gain momentum with the addition of a new client based
in New Zealand,
FXCENTRAL
Inc.
FXCENTRAL
chose FX Bridge for its superior technology, industry knowledge and
experience. As part of its offering, FX Bridge is able to deliver
access to both liquidity providers and a variety of market data providers.
Using FX Bridge, FXCENTRAL now has the ability to offer integrated
spot, option and CFD trading to its clients, one of the first firms
in the region to offer this comprehensive mix of products.
FXCENTRAL
is a leading FX broker in New Zealand and Australia, offering a variety
of solutions for spot FX, futures, and NDFs. It is now expanding
its reach, attracting individual and institutional clients globally.
Established in 2007, FXCENTRAL’s vision is to bring “Direct
Market Access” services to retail and institutional clients.
“Our trading platform offers companies the opportunity to give
their customers more choices,” said Joe Cunningham, President
of FX Bridge, “We are seeing tremendous demand from retail investors
and brokers are clamoring for ways to meet this demand. ProTrader Plus
does just that.”
e-Forex Magazine: July 2010
Technology and Product Innovation opening up
new opportunities with FX options.
Read
Article
The Futures & Forex EXPO
September 23-25, 2010 - Las Vegas
The industry has been buzzing for months about possible
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Another reason for the rise in attendance is the
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FX Bridge Releases Trading Platform Version
5.0 Atlanta, GA (May 25, 2010) — FX Bridge Technologies Corp., the
premier provider of combined FX spot, CFDs, and options trading software,
has just released the latest edition of its FX dealing platform, which
features a completely new graphical user interface (GUI) and other
significant user enhancements.
Version 5.0 features the most ergonomic GUI experience currently available
to FX traders. It utilizes the latest Windows Presentation Foundation
(WPF) controls and includes a multi-tabbed, customizable tradestation
with an unlimited array of dockable workspace layouts. Its new Instrument
Navigator allows traders to maneuver effortlessly among thousands of
spot, option and CFD products.
The new version offers an unparalleled choice of liquidity providers
for FX options, the only platform currently available to do so. Now
the dealer can choose from among the world’s largest money-center
banks for option liquidity or make the market themselves with an industry-leading
pricing and risk management tool suite.
Among other new features, dealers get a customer alerting, communication,
and monitoring subsystem which allows them to track, communicate en
mass, and handle one-on-one contacts with their entire trader base
in any language. Version 5.0 also includes multi-dimensional cross-asset
margining, commission and rebate tracking, and managed group trading.
“FX Bridge is fully committed to providing its customers with
the very best in FX trading software,” said Joe Cunningham, Chairman
of FX Bridge, “The new features of 5.0 build upon the solid foundation
of ProTrader Plus while significantly expanding the user’s experience
and ultimately giving them greater flexibility and options for trading.”
More
information about FX Bridge or ProTrader Plus can be obtained by
contacting 866.303.3928 (international +1.678.738.7100) or by visiting
www.fxbridge.com.
FX Bridge Provides Options Platform for
WSD Global Markets
Atlanta, GA (January 11, 2010) — FX Bridge
announces that WSD Global Markets, headquartered in New Zealand, has
selected FX Bridge
to provide its combined spot and options platform. FX Bridge provides
leading-edge technology for same-account spot and options trading.
WSD
sees increasing demand for FX options within its global client base.
Customers want more trading and risk management strategies than
spot alone provides, and FX Bridge software meets that growing requirement.
WSD leads the field in responsiveness to customer needs by introducing
innovative financial e-products. By offering this uniquely-integrated
spot and options platform, WSD has once again reaffirmed its commitment
to the kind of competitive differentiation that FX Bridge facilitates.
“FX Bridge has the best technology for FX spot and options,
both for our customers and our dealing operations,” explains
Sajid Shaikh, WSD’s Head of Operations and Risk. “We’re
very impressed with the maturity, depth and breadth of the platform.
It has everything we need: high volume/low latency execution, intuitive
feature-rich GUI, extensive risk management tools and comprehensive
reporting and analysis -- all in a highly scalable and reliable platform.”
FX Bridge Reaches One Millionth Foreign Exchange
Option Milestone
Atlanta, GA, December 14, 2009 — FX
Bridge Technologies announces the execution of the one millionth completed
foreign exchange (FX) option transaction on ProTrader Plus™,
making it the leader in cross-asset margin trading...
Read More
FX Bridge® Names Farid Naib to Board of
Directors
Atlanta, Georgia, October 12, 2009 — FX
Bridge Technologies Corporation today
announces that Farid Naib, an entrepreneur with an extensive background in
foreign
exchange technology, has joined the firm’s Board of Directors.
Mr. Naib was previously Co-President of FX Systems,
an early FX options pricing
system, and founded FNX Solutions, which provides financial technology to global
and regional banks as well as corporations and hedge funds. “We are pleased
to welcome Farid to our Board of Directors,” said Steve Reich, CEO, FX
Bridge. “With his long experience and record of successful technology
innovation, Farid will be an invaluable advisor to the firm as we work with
leading brokers to develop and launch cash foreign exchange options trading
for individual traders globally.” Mr. Naib first became involved with
FX technology in 1985 in his role as Co-President of FX Systems, one of the
first firms to offer American Style option pricing on FX options. FX Systems
became the dominant supplier of FX option software for the Philadelphia Stock
Exchange, which at the time was the primary source of FX option liquidity.
In 1992, Mr. Naib founded FNX Solutions, which provided financial technology
to a large number of firms, including top tier global and regional banks, corporations
and hedge funds. FNX provided global FX option trading systems to firms such
as Deutsche Bank, Credit Suisse, UBS, Citibank, Bank of America, Sakura, Republic
National Bank, Bear Stearns, AIG, and others. FNX was sold to GL Trade in 2007
where Mr. Naib remained a member of management until the firm’s acquisition
by SunGard in 2008.
Mr. Naib is an active entrepreneur and is currently
CEO of Document Depository
Corporation. He has served as an entrepreneur is residence at the University
of
Pennsylvania’s Wharton School. He was also an original investor in, and
served on the board of, Gain Capital.
FX
Derivatives Trading on Exchanges Rises 23%: BIS Survey
September 21. 2009 - Fresh from a VC round that
has netted the firm $2 million, FX Bridge Technologies Corp is planning
a major
ramping
up of its activities.
Led by CEO Steve Reich, one of the five founders of HotspotFX, the
firm is planning increases to its technology, sales and marketing teams
in Atlanta, New York and London....
Read Article
Small Investors Make Big Bets on Currencies
Wall Street Journal 09/16/2009 — The
dollar is zigzagging, falling below the 90 yen mark Friday and testing
the depths it plumbed against the euro a year ago. That kind of action
is music to the ears of investors ...
Read
Article
FX
Bridge Places Bet on Options Growth
September 2009 - Trading in foreign exchange derivatives
on global exchanges recovered in the second quarter with turnover increasing
23% to $5.9 trillion
from $4.8 trillion in the previous quarter, according to the Bank for
International Settlements....
Read Article
e-Forex Magazine: April, 2009
FX Bridge, further empowers Forex traders with Strategy Optimizer™— joining
Risk Manager™, Pricing Modeler™, and Margin Calculator™ as
the latest addition to the Total Position Awareness™ suite of
analytics on its ProTrader Plus™ spot and option platform.....
Read Article
e-Forex Magazine: April, 2008
FX Bridge Forex Options and TeleTrader Software AG have entered into
a strategic alliance to bundle the TeleTrader Professional charting
and analytical software with FX Bridge’s ProTrader Plus Forex
dealing platform ....
Read Article
e-Forex Magazine: April, 2008
Electronic Currency Derivatives: Prospects for the future...
France Maguire asks if the FX industry will ever successfully trade
FX options electronically or if the hybrid model is here to stay...
Read Article
FX
Bridge Taps FIX Flyer for High Speed Integration
Wall Street Journal-Tech News: 09/18/2007 - As
the adoption of the FIX fuels electronic trading in foreign exchange
and expands into new areas such as FX options, banks are demanding
integration with back office and risk management technology. Today,
FX Bridge Technologies, an Atlanta-based developer of FX trading
and dealing systems, announced that it’s partnering with New
York-based FIX Flyer to integrate the FIX messaging standard into
its solution.
FX Bridge Technologies, founded in 1999, provides
ProTrader Plus, a dealing system to clearing firms and introducing
brokers
both domestically
and internationally, that market to individual investors who trade
spot FX, contracts for difference (CFDs) and standardized options.
(Standardized options are similar to exchange traded contracts but
they offer immediate response from a dealer instead of the floor.)
While
ProTrader Plus has traditionally operated as a standalone environment,
most large banks or clearing firms have legacy back-office environments,
which they are not in a position to scrap, says James Friedman, director
of marketing at FX Bridge. “If they want to integrate with something
else, FIX Flyer is the integration and FIX Protocol is the mechanism
by which we do it,” says Friedman.
By utilizing the FIX messaging
standard, banks that like a particular front-end dealing system can
receive or transmit orders to FX Bridge’s
back-office and risk management system. The banks can use the ProTrade
Plus back office and integrate with their existing back office for
consolidated reporting.
“
What we have found is that other companies really like our back-office
risk management product, but they like Ninja Trader or Meta Trader
or other popular front-end environments, says Friedman. “So with
that front-end broken out we can provide back-office systems and comprehensive
risk management and comprehensive reporting,” explains Friedman. “We
can get transactions from another source or you can transmit all via
the FIX Protocol,” he says. This means if the transactions are
routed in via an ECN(like Hotspot or Currenex), FX Bridge can receive,
record or transmit to them, notes Friedman.
According to George Kledaras,
Chairman of FIX Flyer, which develops advanced trading technology for
multi-asset trading using the FIX Protocol
at high volumes, outsourcing the FIX technology will enable the vendor
to focus on their core platform. “We’re running it as a
hosted service as opposed to putting a FIX engine at the client’s
site,” says Kledaras. This helps out in terms of quality of support
but also in reliability and speed, says Kledaras. “Instead of
tying a FIX engine locally at their site, more and more firms are outsourcing
it where we host the FIX engine and all the connectivity to their clients
to all the execution destinations for forex,” he says. “It’s
taking FIX to greater heights, to greater possibilities and further
entrenching it in the world of derivatives and forex,” adds Kledaras.
Friedman,
who looked the major players in FIX integration, says the firm had
three main requirements. First, the outsourced model was appealing.
Second, the vendor had to be comprehensive in being able to handle
a lot of international as well as domestic business, he says, noting
that half of FX Bridge’s current business is international. Third,
the FIX engine had to have “stellar transactional throughput.” For
example, in FX options there can be periods of no activity and then
suddenly, when the Federal Reserve announcement comes out, there can
be 2,000 trades in a minute, he says. “If there is a barrage
of transactions, FIX Flyer guarantees that everything will be put through
in lightening speed,” he says.
Partners & Alliances
Atlanta, GA, September 12, 2007 -
FX Bridge Technologies and TeleTrader Software AG have entered into
a strategic alliance to
bundle the TeleTrader Professional charting and analytical software
with FX Bridge’s ProTrader Plus Forex dealing platform. ...
Read
More
Atlanta, GA, September 12, 2007 - FX Bridge Technologies
Partners with FIX Flyer to Add Full FIX Integration and Compliance
to Their ProTrader Plus™ Dealing Platform for Forex, CFDs and
Options...
Read More
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