Pelican Trading, a provider of social copy-trading solutions and white label for brokers, announced this Tuesday that it has partnered with Advanced Markets so it can offer its proprietary technology to a wider client base.
The agreement announced today will see Advanced Markets integrate Pelican’s copy-trading technology into its existing trading platforms. In particular, broker-neutral technology combines trade execution and communication into a central network for traders.
Commenting on the partnership Pelican Trading Co-Founder and CEO, Mike Read said in the statement: “We are very pleased to have partnered with Advanced Markets to provide our copy trading technology to their clients. The relationship demonstrates our ongoing effort in the industry to continue working with and assisting brokers to offer new and innovative products.”
Pelican is regulated by the Financial Conduct Authority (FCA), and its solution is available on mobile for iOS and Android devices. In addition to creating a central network for traders, the solution also allows brokers’ clients to auto-copy signals, execute trades, chat and analyze performance, the statement said.
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“Advanced Markets Group is delighted to announce this partnership with Pelican, whose innovative social copy-trading solutions are exemplary,” added Natallia Hunik, Global Head of Sales at Advanced Markets Group.
“The combination of Pelican’s innovative social copy-trading solutions, along with Advanced Markets’ unparalleled institutional liquidity solutions, will undoubtedly bring about significant benefits to FX brokers, traders and asset managers worldwide.”
Pelican continues to add industry partnerships
This partnership follows closely behind a similar industry partnership announced by the copy-trading firm. As Finance Magnates reported, the company joined forces with IS Prime.
In particular, IS Prime integrated Pelican’s copy-trading technology into its own trading platforms. Therefore, IS Prime can now offer these tools to its own clients. These tools form part of the Prime of Prime’s solution to help drive volumes and customer engagement.