Financial technology provider Tradency today announced a collaboration with three brokerage firms in Asia to launch its algo trading products, the Mirror Trader and RoboX platforms, according to a company statement.
Through its alliance with m-FINANCE, a forex/bullion trading solutions provider in Asia, Tradency has signed the multi-asset broker Blackwell Global, Thailand-based brokerage MTS Gold Group and the Hong Kong-based bullion broker Man Loong Bullion.
The three brokers have added support for Tradency’s solutions, enabling their traders access to advanced trading strategies developed by experienced professionals.
The partnership with Tradency seamlessly integrates the two platforms into m-FINANCE systems as a shared wallet.
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RoboX is a smart trading machine based on the packages of Tradency’s +1m strategies database. The trading packages are accompanied by proprietary risk matching engines, which provide each trader with a bespoke portfolio of packages best suited to their trading preferences.
According to Tradency, RoboX is an innovative robo-advisor for the FX market that ensures continued engagement by continually selecting relevant strategies. The solution was first introduced to the market in May 2016, and since then Tradency has partnered with several brokers in order to offer the product to their retail clients, most recently with the Australian FX and CFD broker Pepperstone.
Mirror Trader offers a more traditional concept to traders, by which Tradency’s servers track the signals of strategy developers worldwide. The traders can then view and evaluate whether they would like to copy a certain trade onto their accounts and track certain providers. The platform offers automatic, semi-automatic and manual trading catering to the needs of different traders.
Oz Golan, Tradency’s VP Sales, commented: “We see a strong demand for trading automation and Robo advisory platforms in the Asian markets. m-FINANCE dominance in these markets, delivers very successfully our integrated technology solution.”
Dick Tam, CEO of m-FINANCE, added in the joint statement: “We are of great pride that many our brokers to sign up to the service. We have been committed to provide the best for our clients. With RoboX and Mirror Trader we are excited to see a new trend to our brokers to offer traders advanced automated solutions that are unique and robust. We have received many good feedbacks from our brokers, particularly on the A.I. capability of RoboX and the high quality of the strategies.”