Fortex Expands Crypto Offering with NDFs
- The new investment instruments are only offered to institutional clients.
Fortex Technologies, an institutional foreign exchange (FX) trading solutions provider, on Thursday announced an expansion of its crypto services with the launch of crypto non-deliverable forwards (NDFs) and an institution-focused platform.
NDFs are cash-settled forward contracts which usually have a short-term and as the name suggests, the notional amount is never exchanged.
The newly launched instruments will only be offered to institutional clients, allowing deeper Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term access and larger trade sizes in an ECN environment.
With the institutional-grade platform, the company will provide an array of services, including an end-to-end solution facilitating price discovery, liquidity aggregation, OEMS, risk management, white-label, and price distribution.
Commenting on the development, Jason Young, head of institutional FX at Fortex, said: “The major benefits in the design of Fortex’s software and system architecture are that it: 1) is completely flexible, modular, and scalable, 2) is multi-asset, and 3) has been continually improved upon for over 20 years. While there are differences between fiat and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, our technology and market experience have made the integration of cryptocurrencies and digital assets to our platform a smooth one.”
Digital assets - the new lucrative investment arena
Fortex partnered with Tier1FX last year to jump in the crypto arena by offering CFDs of multiple digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
The crypto CFDs offered by the platform have been adopted by multiple platforms, including Advanced Markets.
Meanwhile, last month, the platform added single stock CFDs to its trade offering to provide broker-dealer clients the ability to trade stocks of more than 50 large-cap “blue chip” companies such as Apple, Google (Alphabet), Facebook, Amazon, Telsa, IBM, JP Morgan, Barclay, Alibaba, Baidu, and more.
“We very much look forward to further enhancing this part of our offering in line with our clients’ needs,” Young added.
Fortex Technologies, an institutional foreign exchange (FX) trading solutions provider, on Thursday announced an expansion of its crypto services with the launch of crypto non-deliverable forwards (NDFs) and an institution-focused platform.
NDFs are cash-settled forward contracts which usually have a short-term and as the name suggests, the notional amount is never exchanged.
The newly launched instruments will only be offered to institutional clients, allowing deeper Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term access and larger trade sizes in an ECN environment.
With the institutional-grade platform, the company will provide an array of services, including an end-to-end solution facilitating price discovery, liquidity aggregation, OEMS, risk management, white-label, and price distribution.
Commenting on the development, Jason Young, head of institutional FX at Fortex, said: “The major benefits in the design of Fortex’s software and system architecture are that it: 1) is completely flexible, modular, and scalable, 2) is multi-asset, and 3) has been continually improved upon for over 20 years. While there are differences between fiat and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, our technology and market experience have made the integration of cryptocurrencies and digital assets to our platform a smooth one.”
Digital assets - the new lucrative investment arena
Fortex partnered with Tier1FX last year to jump in the crypto arena by offering CFDs of multiple digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
The crypto CFDs offered by the platform have been adopted by multiple platforms, including Advanced Markets.
Meanwhile, last month, the platform added single stock CFDs to its trade offering to provide broker-dealer clients the ability to trade stocks of more than 50 large-cap “blue chip” companies such as Apple, Google (Alphabet), Facebook, Amazon, Telsa, IBM, JP Morgan, Barclay, Alibaba, Baidu, and more.
“We very much look forward to further enhancing this part of our offering in line with our clients’ needs,” Young added.