Tradency Announces Partnership with AlfaTrade to Pioneer Mirror 360
- Additional features such as copy trading are rapidly growing in popularity in the retail trading space. Firms such as Tradency are looking to take advantage by investing in product development and white-label partnerships.
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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, API, Mirror Trader unique strategies and 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 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.
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."
Oz Golan, Tradency Sales, Vice President
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.
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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, API, Mirror Trader unique strategies and 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 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.
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."
Oz Golan, Tradency Sales, Vice President
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.