Tradency Collaborates with Gerchik to Offer RoboX Smart Trading

Tradency, a financial Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term specialising in B2B product development and advanced services for retail traders, has announced the launch of RoboX in collaboration with Gerchik & Co.

Today's announcement follows the launch of Tradency’s CRM Solution for retail brokerages last month, which was dubbed Sherpa and added enhanced reporting, sharing and management capabilities to its automated CRM.

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Gerchik is a brokerage which specialises in service provision on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term. RoboX is the company's newest offering and is essentially a tool for providing transparent and comfortable opportunities for trading.

The new service is a smart trading machine based on powerful packages of strategies. The packages selection process is accompanied by proprietary risk matching engines that tailors each trader with a bespoke portfolio of packages best suited to their trading preferences and risk flavour.

Evgeny Chernin Tradency's Head of Sales, Russia & CIS explained: “To generate this innovative service RoboX automatically correlates between the trader's personal risk tolerance and trading flavors which are determined by a short questionnaire, and a proprietary algorithm that scans our more than 1,000,000 strategies. RoboX takes all this data into account then creates packages according to predefined rules. Each package is automatically updated by the unique algorithm that keeps afloat only the most suitable strategies matching the trader's trading profile."