Fortex Technologies Adds Victor Hendrix to Lead its XCLOUD Division

Fortex Technologies Inc. has made its latest senior hire, securing Victor Hendrix to lead its newest division XCLOUD. XCLOUD represents a global cloud server grid that helps support all trading platforms and all bridge middleware. Mr. Hendrix will be spearheading the new unit, helping grow XCLOUD’s brand and offering.

Hendrix joins Fortex during a key period, with XCLOUD now poised to expand. The grid offers premium hosting and connectivity solutions from Equinix IBX data centers, including NY4, HK3, and LD5. Offering 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-agnostic and broker-neutral trading Infrastructure as a Service (IaaS), XCLOUD is Fortex’s latest bid to reach all matters of FX clients.

Commenting on the new role, he noted: "Our newest opportunity is to deliver the message that XCLOUD will offer brokers and traders alike the superior trading infrastructure and connectivity to the liquidity that they need, and that our clients will have complete flexibility in their selection of Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term) and bridge middleware technologies. XCLOUD is not confined to Fortex ECN or Bridge OMX clients, but rather is open to all FX participants, vendors and providers.”

At Fortex Technologies, Hendrix will be strategically placed to foster the continued growth of the XCLOUD brand. His official role will be as its Executive Vice President, Global Infrastructure Sales, a position he is stepping into with immediate effect.

He steps into the new role from Beeks Financial Cloud Group PLC, having left the group back in December. While at Beeks, he worked as its Global Director of Sales & Marketing for a period of nearly two years. Overall, Hendrix is no stranger to the FX industry, and has been involved in various FX related functions since 2005.

“Victor’s experience in FX trading, software and hardware, coupled with his proven track record of success in relationship building and revenue growth made his addition to the Fortex team an easy decision. His expertise and focus on quality brand recognition will be instrumental to the success and growth of the XCLOUD global footprint,” added Daniel Chen, CEO of Fortex Technologies.

The majority of his career has been spent at Brazos FX Group as a forex trader for over twelve years, dating back to 2005. Outside the realm of FX he has served in the US Navy as well since 1993, according to information made public on his Linkedin profile.