The copy trading software provider, Tradency, announced today a new collaboration with the European brokerage house X-Trade Brokers (XTB) which has launched the Mirror Trader service it provides.
The implementation of the Mirror Trader platform adopted by XTB is powered by X Open Hub backend technology. In July 2013, Tradency announced that it had integrated its Mirror Trader with X Open Hub’s back office and trading engine following MetaQuotes’ warning urging brokers and traders to desist from using third party copy trading platform providers, which the Russian firm had accused of hacking its protocols.
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XTB, founded in Poland in 2002, offers trading in financial derivatives mainly through X Open Hub. Mr. Jakub Maly, CEO of XTB, said in the announcement: “We have been looking to add Mirror Trading to our official social trading offering for quite some time now. We were delighted due to the fact that X OpenHub enabled us to swiftly implement Mirror Trading solution.”
Oz Golan, Tradency’s VP Sales, commented on the announcement: “We are happy to add XTB to our growing list of worldwide brokers. Mirror Trader has the proven ability to increase activation and extend client lifespan even in tough market conditions as we have been experiencing over the last couple of months. These Mirror Trader integral benefits, without any doubt, will benefit all – XTB, Tradency and the traders.”