Enfinium Chooses FX Junction as Technology Provider for New Social Network

The trend of social Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term networks continues as firms like FxStat, TradeO and FX Junction battle it out head to head. Each firm has a different view on how things should work and hence a different business model. FX Junction provides social network white labels as with IBFXConnect, the social network launched by IBFX.

A recent article on the subject we posted generated quite a few comments arguing for and against the current social networks, but we firmly believe that social networks are the future however the right formula has yet to be found.

Award-winning Australian registered financial institution Enfinium is the latest to partner with FX Junction to create and provide technology for its new social trading network, FX Copy (www.fxcopy.com). Current registered partners of FX Copy include the recent IB Times award-winning retail Forex broker Vantage FX, and triple Investment Trends award winner GO Markets.

FX Junction’s solution enables Enfinium to have their own social trading network with seamless integration to the MetaTrader 4 platform. A Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term allows traders to connect both demo and live MT4 trading accounts toEnfinium’s social platform in minutes and execute trades in real-time.

Vishal Bharucha, Managing Partner of FX Junction adds, “We are pleased to partner with one of the most dynamic and recognized FX providers around the globe. Our innovative social trading technologies combined with their trading services will redefine the way traders interact with one another on a dailybasis and improve the overall customer experience, our mutual goal."

NewYork-based FX Junction LLC is a leading open social network of Forex traders, and a financial technology solutions provider to brokers worldwide. Founded in 2011 by a team of Forex veterans with over 18 years combined experience, it has quickly established its presence in the social trading space with over 8,500 registered users and several white-label broker partnerships.

To find out more about FX Junction, visit www.fxjunction.com