One of the main players in the FX copy trading space, Tradency, has partnered with AlfaTrade, a retail broker based in London, in deploying Tradency’s Mirror 360 technology.
Under the agreement, the Mirror Trader platform will be made available as a “full package solution compiled of an extended suite of supporting systems all bounded together under the newly launched Mirror 360 solution,” according to a Tradency press release.
Tradency’s core market is mirror trading and the company specializes in building a range of solutions which brokers can implement, allowing clients to follow strategies and signals.
The new Mirror 360 package is a front to end solution for brokers allowing them to offer copy trading to their clients as a branded standalone product. Features include a front-end platform, margin system, server and back office, smart risk management, API, Mirror Trader unique strategies and liquidity router. The product is being offered as a customized solution ranging from a white-label entry level solution all the way through to a premium offering which gives the broker more options and functionality.
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Oz Golan, Tradency Sales Vice President said, “AlfaTrade international exposure and on-going commitment to reliable, technologically advanced service is the prime reason we decided they should pioneer the Mirror 360 project.”
Commenting on Tradency’s broader future plans, Mr. Golan said, “By adding the Mirror 360 to Tradency’s product line offering, we are extending our already extensive Mirroring implementation options. Concurrent with the development and implementation of the Mirror 360, we are continuing to develop and support our successful open architecture and cooperation with 3rd party vendors.”
Tradency has been busy expanding its brand via partnerships and new product development. Earlier this year in July, Tradency integrated ‘Mirror Trader’ with Spotware’s cTrader, thus helping the platform to expand its copy trading ambitions. In August, the technology firm concluded a capital and business agreement with Invast Securities in which Invast took a 15% stake in Tradency and together will develop the next stage of Invast’s Mirror Trader (ST24) system and service.