Tradency, a financial technology provider specialising in B2B product development and advanced services for retail traders, has announced the launch of its RoboX service in collaboration with forex brokerage, NPBFX.
Today’s announcement comes just two days after the firm teamed up with Gerchik to offer its RoboX Smart Trading solution to provide end users with transparent and comfortable trading opportunities.
RoboX is a proprietary learning machine which builds a portfolio of strategies according to the most suitable strategies for current market conditions.The solution is a smart trading machine based on powerful packages of strategies which are accompanied by proprietary risk matching engines that tailors a bespoke portfolio of packages best suited to each trader’s trading and risk preferences.
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The service portfolio of NPBFX contains proposals for many types of clients including individual traders with classic trading strategies, algorithmic traders, HFT-traders, scalpers, traders wanting of liquidity for large trading volume, institutional clients and partners.
Adding RoboX to its offering will provide NPBFX customers with new profit-making opportunities when trading the financial markets.
Evgeny Chernin, Tradency’s Head of Sales, Russia & CIS, commented: “During its 12 years of existence, Tradency has gathered a tremendous amount of big data, to the point that we currently have a database of more than 1 million strategies. We have designed RoboX as an innovative robo-advisor for the FX market to ensure retail traders remain engaged via continually selecting relevant strategies.”
He further explained: “RoboX cleverly dissects and analyses the performance of its vast data base of strategies so that it can construct specific smart packages that suits the individual trader in accordance to the ever changing market conditions. We are extremely pleased of the global warm acceptance of RoboX, and especially glad the Russian brokers such as NPBX are putting their faith and trust in our innovative technology.”