The Algo X engine runs within Fortex 6, a new front-end trading platform which Advanced Markets supports with low latency Direct Market Access (DMA) to its multi-bank liquidity pool. The firm explained that trades are routed to liquidity providers in less than 10 microseconds, often enabling trade executions on the price that triggered the algorithm’s buy or sell signal.
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“We believe Algo X advances the state of the art for algorithmic trading in ways that have a powerful impact on trading performance,” said Daniel Chen, CEO, Fortex Inc. “The combination of the new engine and Advanced Markets’ low latency DMA multi-bank liquidity paradigm drives institutional-grade trade executions for algorithmic traders.”
The new platform and algorithmic engine are the latest new product releases by the technology firm with Advanced Markets. In June 2012, the two firms launched UltiMT which provides operational performance and stability for MT4 brokers. Advanced Markets says its entire technology infrastructure was developed by Fortex as a single, unitary system. This approach minimizes intersystem connection points that slow system performance and operating reliability.
“We have spent years optimizing our DMA liquidity structure and operating environment to provide high -performance, low latency trade executions and market data for algorithmic FX traders,” said Anthony Brocco, Executive Chairman, Advanced Markets. “With the addition of Algo X, traders will be able to extract the maximum value from their trading algorithms in ways never before available.”