Advanced Markets & Fortex Augment Sales Teams With Tranche of Hires

Prime-of-prime 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 provider, Advanced Markets Ltd. and Fortex, Inc., have announced the hiring of a new 10-person team of sales personnel, across their institutional prime brokerage, liquidity and technology business, all of which having been previously affiliated with Boston Technologies Inc, according to an Advanced Markets statement.

Back in November, Advanced Markets and Fortex jointly released Algo X, an open source algorithmic engine that allows traders to develop algorithms in standard computer languages including the popular JavaScript and C#.

The newly hired team of personnel will aim to bolster the two companies’ global sales presence with locations in a trifecta of cities, including Shanghai, London, Boston. More specifically, the new team will also help foster a combination of offerings from Advanced Markets and Fortex in a bid to reach respective client bases in a more targeted manner.

According to Daniel Chen, Fortex’s CEO and founder, in a recent statement on the hiring, “This is a favorable time to expand the sales presence globally for our industry leading products and services. We are very pleased to bring on a great sales team that shares our vision to deliver powerful institutional solutions to the global FX industry.”

“We are excited to hire this proven, world-class sales team especially at this pivotal moment in our industry. Advanced Markets and Fortex have spent years developing a robust prime-of-prime liquidity solution paired with unrivalled technology, which will help brokers rebuild and expand in the aftermath of recent momentous events,” added Anthony Brocco, Executive Chairman, Advanced Markets Ltd, in an accompanying statement.

Indeed, “This is a very exciting time to be joining Advanced Markets-Fortex to help build on the momentum of their robust DMA liquidity and superior technology solutions. We are looking forward to further accelerate company’s growth by expanding product offerings to cater to multiple market segments,” reiterated Natallia Hunik, Global Head of Sales at Advanced Markets.