FXDD has become the first broker to deliver its clients access to the newest mirror trading solution provided by Tradency, reviewed by Finance Magnates in detail. The brokerage is making headlines with the delivery of institutional grade trading algorithms to its trading community.
The offering consists of a number of hedge funds which send real-time trading signals to their clients. Just as the major banks have started looking into the retail space to boost their profit margins, hedge funds have been exploring the possibility to expand their offering to smaller, retail investors who can not afford the typically lofty fees which institutional type investors are ready to pay.
The solution starts with about 15 hedge funds located all over the world. Every fund’s performance and the capital under its management have already been closely scrutinized by the creators of the award-winning Mirror Trader platform.
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Commenting on the announcement, the Senior Vice-President of Sales at FXDD said, “Providing our self-directed investors access to world-class trading technology that was built on years of intellectual property and market development, bridges the digital divide for traders who previously needed millions of dollars in capital to access these resources.”
“Offering these elite hedge fund algorithms further enhances our already robust suite of technology solutions and trading tools FXDD Global offers to clients around the world,” he added.
The Vice President of Sales at Tradency, Oz Golan, added, ”We have decided to revolutionize the mirror trading market by offering retail traders the opportunity to trade with the highest quality algorithms used by some of the world’s most sophisticated traders.”