Launched in July, Tradency’s hedge fund driven algos have now been made available to AvaTrade clients. The broker will begin to offer the hedge fund trading algos as part of their overall solution of Mirror Trader strategies to retail customers.
Developed by hedge funds from around the world, each algo strategy was hand-selected according to Tradency, based on their performance in FX and assets under management. Ava Trade’s VP Sales, Roy Aaron said: “Our main goal has always been to provide our clients the best trading tools in order to help them succeed within the financial market. Therefore, the new Hedge Funds Algo service is a perfect fit to AvaTrade’s vision.”
For retail traders, the unique selling point that is being marketed is the ability for them to gain exposure to institutional grade money management with account sizes well below the very high account minimums needed to open an account with a hedge fund. Some of the funds involved at launch were CenturionFX, IntelAgent, Sagat Capital, Tribelet Capital Management and Bluehive Capital.
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Oz Golan, Tradency’s VP of Sales, commented: “AvaTrade is a long standing and valuable partner, we are very excited to expand our collaboration to include the market pioneering service of hedge funds algo-strategies. The new service is taking the Mirror Trader – expert trading concept to the next level, and we are sure AvaTrade’s traders will benefit greatly from it”.
In July Golan explained that for the hedge fund the incentive to participate is that they can use Mirror Trader’s international client base to familiarize their brand and experts to new geographic regions which they have not been exposed to before.