Financial technology provider Tradency today announced a collaboration with the Russian brokerage AMarkets to launch its Algo trading product RoboX.
Today’s announcement follows similar deals that Tradency has recently signed to grow the list of brokers who are currently offering its trading solutions.
RoboX is a smart trading machine based on 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 and risk appetites.
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According to Tradency, RoboX is an innovative robo-advisor for the FX market to ensure retail traders remain engaged via continually selecting relevant strategies. Earlier in November, the Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, announced the certification of Tradency’s trading machine – RoboX.
RoboX was first introduced to the market in May 2016, and since then Tradency had partnered with several brokers in order to offer the product to their retail clients, most recently with forex brokerage NPBFX.
According to AMarkets, which is also registered by the Financial Services Authority of Saint Vincent and the Grenadines: ”RoboX combines ease of use and high yield, so it is ideal for traders, investors and everybody who want get profit on the financial markets with the least efforts. A feature of the RoboX is the analysis effective trading algorithms and automatically generate a portfolio based on your preferences. You just have to choose the most suitable. Moreover, RoboX analyzes the market situation and automatically adjusts deals, saving you up to 97% of the time.”
Tradency is a financial technology provider, focusing on B2B product development and advanced services for retail investors and retail traders. Financial institutions across the world license and market Tradency’s financial technology to create new business opportunities.