Pelican Partners with Advanced Markets to Expand Tech Reach

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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.

“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 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 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.