GKFX Bolsters Algo Trading Capabilities With Tradeworks Partnership

Foreign exchange (FX) and contracts-for-difference (CFD) provider GKFX has integrated with service capabilities of Tradeworks, an algorithmic trading tool specialist, according to a GKFX statement.

Copenhagen-based Tradeworks caters to the financial trading technology community, boasting a robust suite of algorithmic utilities for FX and CFD traders. The partnership is important for GKFX as it will help enhance its Algo Trading Algo Trading Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Read this Term capabilities across its worldwide clientele.

More specifically, GKFX will also garner access to Tradeworks’ proprietary provisioning portal and API functionality, in essence enabling an integrated, real-time, client provisioning experience and rule decision engine. Tradeworks’ service suite also utilizes a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term based service that affords users a built-in backtesting module.

According to Serkan Arli, Group Chief Executive Officer (CEO) of GKFX in a recent statement on the partnership: “Tradeworks was the obvious choice for us when looking for the market leading algo trading tool with the best combination of high quality and broad market appeal.”

“We are very proud of being selected by GKFX who have an impressive track record and have grown into a top retail broker. It has been a pleasure to work with the GKFX team and we look forward to helping them and their clients reach their goals,” added Tradeworks’ CEO Mikael Breinholst in an accompanying statement.

GKFX recently made headlines after it brought in former Alpari UK Chief Market Analyst, James Hughes, as its new Chief Market Analyst. Before joining GKFX in December 2015, Mr. Hughes had served in the same role of Chief Market Analyst at eToro for a period of ten months, which he had joined after the collapse of Alpari UK last January.