Fortex Adds Jason Young as Executive VP and Head of Deliverable FX

Fortex, an electronic communication network (ECN) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, has announced that Jason Young has joined the company as Executive Vice President and Head of Deliverable FX.

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Young joins Fortex from Bank of Tokyo Mitsubishi in New York where he was a Vice President of eFX. Prior to joining the bank he held multiple roles at 360T, where he was a lead driver of the firm’s growth across the Americas.

Young, who will be based out of the company headquarters in California, will work to build the company’s institutional FX ECN business and expand the existing offering to cater to a new client segment. He will also manage 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 provider relationships.

Speaking about the new appointment, CEO and co-founder of Fortex Daniel Chen said: "Jason brings to us a wide range of institutional expertise and experience in driving growth. We expect him to be a key player on our team to execute our growth strategy."

Fortex is a leading ECN platform, with up to $12 billion of daily volume in currency, metals, energy and CFD trades. Traders, broker dealers, market makers, money managers, banks, hedge funds, and investors around the world rely on the company’s Fortex 6 platform, cloud infrastructure and middleware solutions to facilitate trade execution and support sophisticated trading strategies. The firm recently entered into a joint venture with Advanced Markets to offer a complete turnkey FX brokerage solution, as reported by Finance Magnates.