Advanced Markets and Fortex Launch Algo X an Open Standard Algo Programming Engine

Advanced Markets Ltd, the FX and metals wholesale 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, and Fortex Inc., an independent developer of real-time, multi-asset trading platforms, today released Algo X, a new open source algorithmic engine that enables traders to develop algorithms in standard computer languages including the popular JavaScript and C#.

The Algo X engine runs within Fortex 6, a new front-end 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 which Advanced Markets supports with low latency Direct Market Access (DMA) to its multi-bank liquidity pool. The firm explained that trades are routed to liquidity providers in less than 10 microseconds, often enabling trade executions on the price that triggered the algorithm’s buy or sell signal.

“We believe Algo X advances the state of the art for algorithmic trading in ways that have a powerful impact on trading performance,” said Daniel Chen, CEO, Fortex Inc. “The combination of the new engine and Advanced Markets’ low latency DMA multi-bank liquidity paradigm drives institutional-grade trade executions for algorithmic traders.”

The new platform and algorithmic engine are the latest new product releases by the technology firm with Advanced Markets. In June 2012, the two firms launched UltiMT which provides operational performance and stability for MT4 brokers. Advanced Markets says its entire technology infrastructure was developed by Fortex as a single, unitary system. This approach minimizes intersystem connection points that slow system performance and operating reliability.

“We have spent years optimizing our DMA liquidity structure and operating environment to provide high -performance, low latency trade executions and market data for algorithmic FX traders,” said Anthony Brocco, Executive Chairman, Advanced Markets. “With the addition of Algo X, traders will be able to extract the maximum value from their trading algorithms in ways never before available.”