FXDD teams up with Tradency to offer its Auto-trading platform

It seems that Tradency has become to the auto-trading market what MT4 is for the manual trading market as it

It seems that Tradency has become to the auto-trading market what MT4 is for the manual trading market as it is now present at just about any decent broker. Today Tradency announced that FXDD has become its latest client.

Smart filters and T-Score system introduced to enhance Forex trading capabilities.

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New York, NY (August 19, 2010) – FXDD, a leading online Forex broker, announced today that it is offering its latest, most advanced auto-trading platform FXDDAuto Powered by Tradency.

The new version introduces FXDD customers to the mirror trading concept, which enables Forex traders to ‘mirror’ strategies developed by other experienced Forex traders. This essentially allows Forex traders to build a portfolio that duplicates the strategies of hundreds of experienced, professional traders. After the trader adds the selected strategies to his portfolio, the platform will automatically execute and manage orders according to specific parameters and conditions as dictated by the chosen strategy.

FXDDAuto Powered by Tradency will debut the T-score – a unique rating system designed exclusively for strategies available on the platform. The T-score will rate each strategy between 0-10; reflecting that strategy’s performance in the current market with higher scores denoting better performance.

“We are very pleased to offer our customers the newest release of the web based FXDDAuto platform,” says Lubomir Kaneti, Chief Operating Officer of FXDD, “In 2005, FXDD partnered with Tradency and became the very first company to offer an auto-trading platform for Forex. Since then we have continued to work very closely with Tradency and today’s announcement is another milestone in the commitment to provide our customers the best auto-trading platform possible.

Lior Nabat, President and CEO of Tradency says: “We believe that our new trading platform represents a leap forward in Forex trading technology. It offers traders more flexibility, ease of use and stronger analysis than previously available. We are sure that traders who use our trading platform with its new features and tools will be able to make more confident trading decisions, based on clarity of use and a comprehensive level of information that has been previously not been available together on one trading platform.”

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Other Platform advantages include:

  • Web-based version accessible from Mac and PC computers
  • Detailed descriptions of the strategies’ overall performance
  • Automatic trading and manual trading in one platform

FXDDAuto powered by Tradency is available now for FXDD customers for live and demo trading. For more information please contact FXDD at 866-367-3933 or sales@fxdd.com.

About Tradency

Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies, Tradency provides users with an analysis of its system’s performance that is the most transparent in the sector. Tradency’s Mirror Trading Platform – including its recently announced T-Score and Smart Filter tools – offers traders a flexible choice of combining its ground-breaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice.

For further information about Tradency, please contact Jason Silberman at Koteret Group on +972 (0)54 535 9955 / Jason_s@koteret.com or Adam Murray at Koteret Group on +972 (0)52 747 2287 / Adam_m@koteret.com

About FXDD

FXDD, a registered Foreign Exchange Dealer and member of the National Futures Association, headquartered in New York City, is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: Metatrader, FXDDTrader, PowerTrader and FXDDAuto. The Company’s services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 100:1 leverage as well as competitive bid-to-ask spreads (2-3-wide on most majors).

For a free demo, please visit www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD.

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