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AFX Capital launches FX options trading AFX Capital, 22 December, 2011 -- AFX Capital Markets Ltd, the innovative, client-focused Forex trading company and subsidiary of AFX Capital Limited announced the launch of foreign exchange options trading to its clients. The new FX options products have been launched on the firm's Infinity trading platform along with spot foreign exchange. The new product will be offered in standard and mini lots, enabling traders of all account sizes to incorporate options into their FX trading activities. Options trading and risk management strategies can be devised for high volatility, low volatility, bullish, bearish, neutral or virtually any other market view. In addition to expanded trading opportunities, trading spot and options in a single account can create risk-adjusted capital efficiencies for traders. "The launch of FX options trading is the latest step in AFX Capital's plan to provide the most effective range of trading products, technology platforms and services to clients," said Manuela Mazzacco, CEO of AFX Capital. "We are eager to offer a world-class FX options platform to clients and work with them to include options as an indispensable part of their portfolio of trading products. "The new options platform was developed by FX Bridge Technologies Corp., an established global provider of trading technology solutions. FX Bridge's platforms enable brokers and banks to offer same-account trading in spot FX, FX options and CFDs to individual and institutional clients. "We are pleased to work with AFX Capital to extend the range of foreign exchange trading products on offer," said Stephen Best, CEO, FX Bridge.
Boston Technologies, Inc. Announces FX Options BOSTON, Nov 08, 2011 (BUSINESS WIRE) -- Boston Technologies Inc., an innovative provider of trading technology, software, support and transaction processing services for institutional and retail foreign exchange brokerage firms, announces the addition of options trading to its established spot trading solutions with FX Options Trader. By adding FX Options Trader to its already robust portfolio of forex trading solutions, Boston Technologies now provides a comprehensive and customizable platform for retail and institutional FX options trading. With strong industry growth in FX options volume, brokers can diversify their product offering by providing retail clients an FX options platform with extensive benefits including no margin calls. Boston Technologies is building on its proven model of offering complete spot FX outsourcing infrastructure solutions to forex brokers by now giving them access to a powerful suite of FX options trading tools. From a feature-rich system and extensive risk management strategies to comprehensive reporting, this dynamic options trading platform, developed in partnership with FX Bridge Technologies Corp., allows Boston Technologies to offer everything a broker would need to differentiate itself from spot-only trading. Boston Technologies is currently offering FX Options Trader to all foreign exchange brokers for free as a trial for the first three months of trading. "At Boston Technologies, we strive to be the full service provider for all things FX." said George Popescu, CEO of Boston Technologies Inc. "With the addition of FX Options Trader to our suite of services, we continue to be the one-stop-shop for institutional and retail forex brokers and allowing them to spend their time maximizing profit while we worry about providing them ways to minimize their challenges and risk". Interested forex brokers can receive a free download of the FX Options Trader platform and obtain demo credentials by emailing a Boston Technologies Business Intelligence Analyst at sales@bostontechnologies.com About Boston Technologies Boston Technologies, based in Boston, MA, is an innovator and single-source provider of trading technology, software and services for institutional and retail brokerage firms trading in foreign exchange and other over-the-counter instruments. Boston Technologies is headquartered in downtown Boston with additional offices in New York City, London and Japan. You can learn more about Boston Technologies at www.bostontechnologies.com
Fyshe Horton Finney to Offer Options New Service Expands Technology, Credit and Liquidity Alternatives for Broker Clients LONDON —1 August 2011--- Fyshe Horton Finney Ltd., an FSA investment house with origins dating back to 1896, today announced that it will offer trading technology and related credit services for brokers that want to enable clients to trade foreign exchange options. The firm will offer the new FX options package to its existing portfolio of customer trading platforms, which currently support spot FX, CFDs and equity options products. By enabling a range of trading and risk management strategies, FX options trading fits within Fyshe’s mission to help clients preserve and create wealth. To support the new offering, Fyshe will use trading technology and integration services from FX Bridge Technologies Corp., a leading provider of trading software solutions to the global trading community. FX Bridge’s technology solutions and services are used by brokers and regional banks globally to offer same-account trading in spot FX, contracts for differences (CFD) and FX options to their individual and institutional clients. Trading multiple, related products in a single account supports margin efficiencies and extends the range of trading and risk management strategies clients can pursue. In addition to a new technology platform, Fyshe will offer credit solutions enabling brokers to access multibank liquidity via a leading FX prime broker. Previously, only brokers that were capable of making markets could use the platform. Now brokers without market making capability, or those who prefer not to take market risk, can use the platform with single or multibank pricing or that of another liquidity provider. About Fyshe Horton Finney Ltd. Fyshe Horton Finney Ltd is a member firm of the London Stock Exchange, PLUS Markets and APCIMS and is authorised and regulated by the Financial Services Authority (No. 142402). Registered in England and Wales No. 2284075. Registered Office: Charles House, 148-149 Great Charles Street, Birmingham For more information about Fyshe Horton Finney Ltd, please visit the firm’s website at www.fysheglobaltrader.com and www.fyshe.co.uk
FXDD Announces Three New Institutional Products NEW YORK, May 10, 2011 /PRNewswire/ -- FXDD, a leader in online Forex trading, today announced three new product offerings to its line of advanced solutions for institutional traders. The new products include Forex options, non-deliverable forwards (NDFs) and trading in Chinese Yuan (CNH) cleared in Hong Kong. These innovative offerings will expand FXDD's services and allow institutions, including hedge funds, fund managers, commodity pool operators (CPOs) and select banks to diversify their portfolio exposure and manage their risk. "All three products were developed in response to demand from our institutional customers and further solidify FXDD's place as a technological leader in the foreign exchange industry," says Lubomir Kaneti, Chief Operating Officer at FXDD. "In the future, we'd like to be able to offer these products to our retail clients, subject to regulations and other concerns." FOREX options: FXDD joined forces with Forex software provider FX Bridge to launch the foreign exchange options platform FXDDOptions. The trading platform offers vanilla options with streaming pricing from multiple banks and additional strategies are available on a request-for-quote basis. FXDD offers options pricing from top-tier liquidity providers with over 20 currency pairs, creating a business-to-business solution for companies interested in trading options or offering options to their retail clients. Non-deliverable forwards (NDFs): NDFs allow traders to manage their risk and to gain exposure in emerging markets where a currency is either non-deliverable or where national regulations prevent the use of the forward foreign exchange market to manage foreign exchange risk. FXDD will offer the following NDFs: Malaysian Ringgit, South Korean Won, Chinese Yuan, Taiwan Dollar, Indian Rupee, Indonesian Rupiah, Russian Ruble, Brazilian Real, Columbian Peso, Peruvian Nuevo Sol, Argentine Peso, Chilean Peso, and the Philippine Peso. Chinese Yuan (CNH) contracts: Chinese Yuan (CNY) is not a fully convertible currency and therefore, market participants cannot trade the USD/CNY pair on the spot market. Recognizing this limitation, CNH was introduced as a proxy for CNY in July 2010 and FXDD is proud to be among the first to offer trading in the currency. CNH is a deliverable currency in Hong Kong and is cleared with its own liquidity and pricing without restrictions. CNH will broaden the reach for global companies to manage their asset and liability exposure to CNY. The rapid development of a CNH Bond market has added depth of liquidity and broadened the base of counter parties. About FXDD FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City's 7 World Trade Center. FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader, PowerTrader and FXDDAuto. The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 50:1 leverage in the US, as well as competitive bid-to-ask spreads.
Monday 11th April 2011 -- Online foreign exchange broker FXDD has begun offering options trading capabilities to its clients on a direct basis as well as providing a package of credit, multibank liquidity and technology products and services to enable brokers to offer FX options trading capabilities to their clients. FXDD’s wholesale offering will... » Read full article (subscription required): Alpari Officially Launches FX Options TradingAlpari (US) today announces the official launch of its new Alpari FXOptions trading platform to all clientsNew York, New York (Vocus/PRWEB) March 09, 2011 After a successful beta testing period with select traders, Alpari (US), LLC(“Alpari”), a global provider of foreign exchange trading services, today announces the official launch of its new Alpari FXOptions trading platform to all clients. The launch opens trading and risk management strategies of trading spot and FX options in a combined account to all clients of Alpari (US). Powered by FX Bridge Technologies, Alpari FXOptions features Strategy Optimizer™, a powerful modeling tool with a completely customizable interface allowing trading directly from charts, comprehensive reporting, a full order book, and complete risk management tool suite. Alpari FXOptions pricing will be provided from top-tier liquidity providers on 20+ currency pairs. Daniel Skowronski, CEO of Alpari (US) comments, “We were pleased to see such a great response to this new initiative and are proud to be one of the first OTC FX brokers to offer spot and FX options trading from one margin account. This launch demonstrates another strategic move by Alpari in the US market and reinforces the company as a pioneer in introducing high demand and innovative products and services. ” Options provide more trading and risk management strategies than spot trading. Options trading and risk management strategies can be customized for high volatility, low volatility, bullish, bearish, neutral, or virtually any market conditions. The new FXOptions platform from Alpari will execute vanilla option trading strategies, quickly and efficiently. http://www.prweb.com/releases/2011/3/prweb8192238.htm
Citi FX to provide FX prime brokerage to FX Bridge Options platform.New Service Expands Credit Alternatives for Brokers and Banks
“ Citi is pleased to provide foreign exchange prime brokerage services and options liquidity to FX Bridge’s leading broker clients,” said Andrew Coyne, head of Citi FX Prime Brokerage.“We believe the integration of Citi’s market leading prime brokerage platform with FX Bridge’s technology and global broker franchise are a powerful combination.” FX Bridge’s Pro Trader Plus platform is used by brokers and regional banks globally to offer trading in spot FX, contracts for differences (CFD) and FX options to their individual and institutional clients. Previously, only brokers capable of making markets could use the platform. Now brokers without market making capability, or those who prefer not to take market risk, can use the platform with multibank pricing and/or that of another bank or liquidity provider. Brokers using this liquidity solution will be the trading counterparty to a bank prime broker or intermediary and act as counterparty to their clients. “ We welcome Citi FX as a prime broker and are pleased to offer its world-class FX prime brokerage services to our broker clients,” said Stephen Best, CEO, FX Bridge. “Providing multibank liquidity enables brokers to offer world-class FX options markets to clients. Selecting Citi’s FX prime brokerage service reflects our commitment to enhancing our wholesale FX offering by enhancing our credit and liquidity alternatives as well as our trading technology.”
Foreign Exchange Trading: The Next Ten YearsThe remarkable growth of spot foreign exchange trading by individual traders is showing signs of leveling off following a decade of extraordinary growth, which established retail participation—exceeding $100 billion daily by some estimates-- as a significant component of the global foreign exchange markets. Having reached this milestone, a number of market participants, including banks and brokers active in the individual trader community, are exploring new tools and products that will drive growth over the next ten years. In addition to enhancing platform functionality and building infrastructure to support algorithmic trading in spot FX, a number of innovative brokers are taking the next step in terms of expanding their product array by adding FX options trading to their spot FX trading platforms. FX Bridge, a technology company which offers a fully integrated spot, options and CFD trading platform, has worked with a number of these brokers to bring dynamic, flexible new product offerings to retail FX traders globally. The potential payoff is significant. Options trading by individual investors is a major and important source of volume and liquidity in cash equities and equity options markets. Although the foreign exchange and equities markets differ structurally, the necessary conditions that drove the growth of equity options trading are all present in the current online FX trading environment. Furthermore, vital technology, bank liquidity sources, including streaming liquidity and prime brokerage services, have come online in the closing months of 2010, enabling brokers for the first time to offer world-class options liquidity without having to run a risk book in this complex product. Lastly, strategy simulators and volatility charting and full-fledged educational programs tools are now available to support retail interest in FX options trading.
The Options OpportunityThe maturation of retail spot FX trading sector has created a large and growing population of experienced individual traders with disciplined trading and capital management methodologies as well as the facility to embrace and drive the success of professional trading tactics and new social network paradigms in the market. As in the institutional FX market, where most active options traders are based at hedge funds, this class of expert retail traders has the skills and knowledge base to be lead adopters of options trading in the retail FX market. This activity followed the attainment of a major milestone when FX Bridge notched its millionth option trade in final days of 2009. This milestone demonstrated the robustness of the firm’s ProTrader Plus platform as well as the operational track record of the firm in partnership with its broker clients. In 2010 and 2011, a number of brokers licensed FX Bridge’s ProTrader Plus™ platform and were able to quickly offer the new product to their trading clients.
Individual Traders BenefitsFor traders, access to options provides a powerful array of trading and risk management strategies that enable traders to take more specific market views and better preserve capital. An expanded array of spot, options and combination strategies enable traders to take views on market direction, volatility and other aspects to seek profit or manage risk. Options enable traders to better manage risk and preserve capital. Platform includes portfolio analysis tools as well as a Strategy Optimizer that enables traders to model “what if” scenarios to determine the optimal options strategy to support a specific market view.
Broker BenefitsFor brokers, the primary benefit
of options trading to clients is surely the potential for driving significant
trading volumes in both pure
options trading as well as hedging and complex spot-options trades. Competitive differentiation enabling brokers to attract new clients, especially experienced, well capitalized traders. Increased customer-loyalty by offering clients a user-friendly, yet powerful risk management product. Higher profit margins than spot FX trading. To support brokers, FX Bridge offers a comprehensive technology, support and educational platform, as well as deep operational experience and expertise, which enable brokers to bring FX options to their clients quickly and reliably. The ProTrader Plus 5 platform, introduced in 2010, enables brokers to deploy the platform comprehensively or modularly for those that want to add options trading capabilities for clients alongside their existing spot FX platform(s). The feature-rich platform includes portfolio analysis tools for traders as well full risk management and reporting functionality for brokers. Bobs Guide January 2011
FX Bridge Technologies Platform Will Provide New Trading Software to Gallant Capital Markets ATLANTA, Oct. 27 /PRNewswire/ -- Gallant Capital
Markets has selected the FX Bridge Technologies trading platform to
provide its new options trading software. " FX Bridge has the best technology for FX spot, CFDs and options, both for our customers and our dealing operations," explains Gallant's CEO, Salvatore Buccellato. "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." " We continue to hear from our clients that their customers want a multi-asset platform with more trading and risk management strategies," said Stephen Best, CEO of FX Bridge, "Our same-account spot, options and CFD trading platform satisfies this need and therefore continue to gain in popularity." Many FX Spot Traders Trade Options, But in Equities or Commodities
Thursday, October 14, 2010 The rapidly expanding foreign exchange markets have attracted a new, sophisticated breed of individual trader focused almost entirely on forex, according to the first phase results of the CitiFX Pro Forex Trader Survey 2010. The first-ever industry wide survey of forex traders was sponsored by CitiFX Pro and conducted in partnership with major forex media outlets including FXstreet.com, ActionForex, ForexPros and ForexTV. A high percentage of respondents (63 per cent) concentrate exclusively on foreign exchange and said that forex is the only asset class they trade. Of those who also trade other asset classes, 71 per cent trade equities, with substantial numbers (47 per cent and 31 per cent) trading commodities and options, respectively. “ The first phase of the survey results, focusing on the profile and working environment of the forex trader, draws a picture of traders who are focused primarily on the foreign exchange markets,” says Sanjay Madgavkar, global head of margin foreign exchange trading at Citi. “The survey also shows a relatively high proportion of respondents trade the markets as full-time professionals.” Almost 40 per cent of respondents said they trade forex full time, and more than 45 per cent have spent over USD1,000 on books, conferences, DVDs and other educational resources, with almost ten per cent having spent more than USD10,000. Traders get their information from a wide range of sources, with internet finance sites ranking first at 63 per cent, followed by online forums at 38 per cent, information provided through a bank or broker at 34 per cent, blogs at 33 per cent, and the trader’s own network of contacts at 26 per cent. While many respondents are new to forex trading
- with more than three quarters
Alpari Introduces New Trading Platform at Las Vegas Futures and Forex Expo Thu, Sep 16 2010, 14:39 GMT In response to the increasing demand among its worldwide client base, Alpari (US), LLC today announces the introduction of FX Options and a new trading platform, Alpari FX Options, to its line of advanced trading products. Powered by innovative technology vendor FX Bridge Technologies, Alpari FX Options combines existing Multi-Bank Currenex spot FX liquidity with options pricing from top tier banking relationships. The company has been aggressively implementing its global expansion plans with recent senior appointments and innovative new products bridging the gap between retail and institutional clients. Daniel Skowronski, CEO of Alpari (US) comments, “Having access to FX Options along with traditional spot FX symbols from one margin account within the same trading platform will give our clients greater flexibility to manage their trading strategies and risk exposure.” He adds, “FX Bridge offers extremely innovative solutions for both our clients and our back office operations, which support Alpari’s role as a technological pioneer in the FX industry.” *Alpari is the Las Vegas Futures and Forex Expo’s Platinum sponsor and will present the demo version of the Alpari FX Options platform at the conference. Alpari will be at booth 203, September 23 – 25, Caesar’s Palace, Las Vegas. James Friedman, COO of FX Bridge, will give a comprehensive introduction to the platform on Saturday, September 25, 2010 from 2:30PM – 3:15PM
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 /2010 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
The Futures & Forex EXPO The industry has been buzzing for months about possible changes in the regulation of forex products. That's just one of the reasons that our pre-registration numbers for the Expo are up nearly 15% over last year. In fact, because of all the interest, the NFA has decided to hold a series of regulatory workshops on Saturday, September 25th during the Expo. Another reason for the rise in attendance is the popularity of the forex and futures markets themselves. Traders want to learn more about the variety of products available to them and the place to learn is simple and universal for everyone: The Futures & Forex Expo, September 23-25 at Caesars Palace in Las Vegas. As an industry professional you
need to be there to learn, to network and to present your products
and services to traders who attend just
to learn more about these specific markets.
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...
FX Bridge® Names Farid Naib to Board of Directors Atlanta, Georgia, October 12, 2009 — FX
Bridge Technologies Corporation today Mr. Naib was previously Co-President of FX Systems,
an early FX options pricing Mr. Naib is an active entrepreneur and is currently
CEO of Document Depository
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....
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 ...
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....
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.....
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 ....
e-Forex Magazine: April, 2008 Electronic Currency Derivatives: Prospects for the future...
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. 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. ... 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...
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ProTraderPlus™ offers the only spot, CFD, and options trading solution in one convenient platform.
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