Fortex scores a HK client for its DMA forex platform
Fortex, Inc., a provider of independent, real-time multi-asset trading platforms, announced that it has deployed its high-performance, low-latency Fortex FX platform for Sun Hung Kai Financial (“SHKF”), the leading non-bank financial institution in Hong Kong. The Fortex deployment enables SHKF to become the first provider of direct market access FX (FX DMA) trading services in Asia.
Fortex used to be a Forex bridge provider for Interbank FX until late last year IBFX developed its own version.
For the first time, individual clients have direct access to live pricing, on equal footing with other banks, institutions, and hedge funds. SHKF offers spot rates, and will soon offer dollar index (DXY) rates, streamed directly from Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers to provide the best bid/best offer environment to each client. Bullion and other precious metals, non-deliverable forwards (NDF), and options services will be offered in the future. Through the Fortex FX platform, SHKF gains tight integration with the leading FX liquidity providers, including Macquarie, Citi, Deutsche Bank, Goldman Sachs, and other top-tier FX banks to provide fully transparent access to the true interbank market with no price manipulation or delay.
“We are pleased that SHKF has chosen Fortex as its platform in the dynamic Asian market,” said Daniel Chen, CEO and co-founder of Fortex. “As SHKF grows its business, it can offer its clients a truly unique, fair trading environment with high performance and low latency. SHKF’s FX DMA model and the Fortex platform represent the future of FX trading and a significant business driver as foreign exchange markets continue to grow rapidly.”
SHKF’s new Fortex low-latency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term delivers execution speeds within one millisecond, resulting in transaction rejection rates of less than 0.5 percent. The platform also dynamically adjusts to a client's bandwidth connection to optimize quote update frequency and lock in prices. This feature enables SHKF’s clients to experience superior quote delivery performance and maximum access to market action. Market-making banks gain access to all online traders and a completely unfiltered order flow, while banks, hedge funds, institutional traders, and individuals compete on equal market footing.
“We are delighted to work with Fortex as we transform our FX trading capabilities,” said Paul Goldman of SHKF. “The powerful Fortex FX platform is a logical step in our Asian market growth strategy and will form the backbone of our future FX products and services.”
Fortex FX supports more than 22,000 online trading accounts worldwide and processes over 5.5 million tickets per month with record daily volume exceeding $12 billion. The Fortex FX platform infrastructure directly cross-connects to leading, market-making banks, aggregating bank quotes and processing orders with sub-millisecond latency.
About Fortex
Fortex is the leader in developing and deploying world-class, multi-asset trading systems for foreign exchange, equities, options, and futures trading. Only Fortex delivers completely neutral, real-time platforms that provide direct access to all global exchanges and leading market makers through a single trading interface. The company is privately held and headquartered in Silicon Valley. For more information, please visit www.fortex.com.
Fortex, Inc., a provider of independent, real-time multi-asset trading platforms, announced that it has deployed its high-performance, low-latency Fortex FX platform for Sun Hung Kai Financial (“SHKF”), the leading non-bank financial institution in Hong Kong. The Fortex deployment enables SHKF to become the first provider of direct market access FX (FX DMA) trading services in Asia.
Fortex used to be a Forex bridge provider for Interbank FX until late last year IBFX developed its own version.
For the first time, individual clients have direct access to live pricing, on equal footing with other banks, institutions, and hedge funds. SHKF offers spot rates, and will soon offer dollar index (DXY) rates, streamed directly from Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers to provide the best bid/best offer environment to each client. Bullion and other precious metals, non-deliverable forwards (NDF), and options services will be offered in the future. Through the Fortex FX platform, SHKF gains tight integration with the leading FX liquidity providers, including Macquarie, Citi, Deutsche Bank, Goldman Sachs, and other top-tier FX banks to provide fully transparent access to the true interbank market with no price manipulation or delay.
“We are pleased that SHKF has chosen Fortex as its platform in the dynamic Asian market,” said Daniel Chen, CEO and co-founder of Fortex. “As SHKF grows its business, it can offer its clients a truly unique, fair trading environment with high performance and low latency. SHKF’s FX DMA model and the Fortex platform represent the future of FX trading and a significant business driver as foreign exchange markets continue to grow rapidly.”
SHKF’s new Fortex low-latency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term delivers execution speeds within one millisecond, resulting in transaction rejection rates of less than 0.5 percent. The platform also dynamically adjusts to a client's bandwidth connection to optimize quote update frequency and lock in prices. This feature enables SHKF’s clients to experience superior quote delivery performance and maximum access to market action. Market-making banks gain access to all online traders and a completely unfiltered order flow, while banks, hedge funds, institutional traders, and individuals compete on equal market footing.
“We are delighted to work with Fortex as we transform our FX trading capabilities,” said Paul Goldman of SHKF. “The powerful Fortex FX platform is a logical step in our Asian market growth strategy and will form the backbone of our future FX products and services.”
Fortex FX supports more than 22,000 online trading accounts worldwide and processes over 5.5 million tickets per month with record daily volume exceeding $12 billion. The Fortex FX platform infrastructure directly cross-connects to leading, market-making banks, aggregating bank quotes and processing orders with sub-millisecond latency.
About Fortex
Fortex is the leader in developing and deploying world-class, multi-asset trading systems for foreign exchange, equities, options, and futures trading. Only Fortex delivers completely neutral, real-time platforms that provide direct access to all global exchanges and leading market makers through a single trading interface. The company is privately held and headquartered in Silicon Valley. For more information, please visit www.fortex.com.