Tradency’s Growing Client-Base Expands RoboX Global Reach

Tradency, a fintech company focusing on product development and advanced services to financial institutions, announced today that its business is continuing to expand and that during the last 3 months since RoboX was first introduced to the market, the firm has partnered with 12 new brokers to offer RoboX services to their retail clients.

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RoboX brokers include FXDD, which adopted the solution in May, Trade 24, Best Leader Global Market NZ and Fullerton Markets.

Smart Trading Machine

RoboX is a smart trading machine based on an array of proprietary trading strategies that are packaged along with proprietary risk matching engines which help traders tailor their trading portfolios based on relevant risk appetite and client trading preferences.

The solution leverages the benefits of FX 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 by utilizing the global trend of robo advisors combined with a vast amount of content of algo trading strategies, providing a gateway to traders holding an investment portfolio who wish to diversify their investment by entering the lucrative FX and CFDs market.

Background

Tradency has been present in the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term arena since early 2005, totalling over 2 million users. The company provides its customers with robust and scalable solutions to support its growing client base. The company developed the Mirror Trading concept in early 2005, creating a bank grade trading service that provides retail traders with valuable, professional knowledge and automatic trading strategy implementation.

Oz Golan, Tradency’s VP Sales, commented: “RoboX takes Tradency’s +1m strategies database and cleverly dissects and analyses their performance so that it can construct specific smart packages that suits the individual trader in accordance to the ever changing market conditions. We are extremely pleased to see that brokers are putting their faith and trust in our innovative technology.”