ADS Securities Launches New Proprietary Trading Platform, OREX Optim
Dubai based ADS Securities has announced the public launch of its new institutional multi-asset trading platform, OREX Optim. According to
Abu Dhabi based ADS Securities has announced the public launch of its new institutional multi-asset trading platform, OREX Optim. According to the firm, the launch of the proprietary platform comes after two years of development. Company representatives explained to Forex Magnates that the platform replaces ADSS Trader which was a white-label solution the broker had been offering to clients.
The launch of OREX Optim, adds a proprietary platform to ADS’s product offerings which also includes an OREX branded white-label version of FlexTrade’s MaxxTrader FX product, as well as MT4. The firm added that advantages of the new platform include a lower latency environment, increased liquidity provider integration, and multi-asset functionality of FX spot, futures, options, equities, and CFDs. As written about in the past, OREX Optim also includes trading monitoring tools from financial solutions firm Corvil.
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In the company’s public statement, Andrew Rossiter, ADS Security CTO, explained that the current release is limited to a FIX API version, with a GUI solution expected to be out in the next few weeks. In terms of the product’s target audience, Rossiter stated that, “Today we are launching the FIX API versions of OREX Optim which will be of great interest to institutional traders from tier 2 banks through to asset managers and hedge funds.”
Abu Dhabi based as in AD S.
if it took them two years to roll out OREX just imagine how long rolling out FOREX is going to take them..
So, Ron, you are deleting uncomfortable truths about ADS? Interesting. I thought ForexMagnates is a place where actually not only the good things in the Forex industry are being discussed but also critical aspects? Did ADS put pressure on ForexMagnates to delete my valid truths?
You kow what: I will do something much better: I will inform ABu Dhabi Central Bank and the FCA – where ADS is applying for a license (by the way also for the last 2 years). And some more than uncomfortable truths will emerge in this industry forum.
Appeared “derogatory”? Ha, ha, ha. You are more than funny. So when ADSS is lying constantly to its employees and investors, you don´t call this behavior “derogatory”, do you? I call it a shame for the whole professional FX industry!
Why don´t you ask them about their price feed latency after the release of important macro numbers when actually their currency prices are 40-50 ppis away from EBS, Reuters, Currenex, HotSpot prices?
Our desk had to make more phone calls to their trading desk for missing fills than the 911 emergency hotline in the US!
@ Ron
Are they really backed by government funds? they claim they got over billions in equity. I am thinking about opening an account with them.