Tradency Expands Client-Base in Asia, Signs Additional m-FINANCE Brokers

Financial technology provider Tradency today announced a collaboration with three brokerage firms in Asia to launch 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 products, the Mirror Trader and RoboX platforms, according to a company statement. Through its alliance with m-FINANCE, a 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/bullion trading solutions provider in Asia, Tradency has signed the multi-asset broker Blackwell Global, Thailand-based brokerage MTS Gold Group and the Hong Kong-based bullion broker Man Loong Bullion. The three brokers have added support for Tradency’s solutions, enabling their traders access to advanced trading strategies developed by experienced professionals. The partnership with Tradency seamlessly integrates the two platforms into m-FINANCE systems as a shared wallet. RoboX is a smart trading machine based on the packages of Tradency’s +1m strategies database. The trading packages are accompanied by proprietary risk matching engines, which provide each trader with a bespoke portfolio of packages best suited to their trading preferences. According to Tradency, RoboX is an innovative robo-advisor for the FX market that ensures continued engagement by continually selecting relevant strategies. The solution was first introduced to the market in May 2016, and since then Tradency has partnered with several brokers in order to offer the product to their retail clients, most recently with the Australian FX and CFD broker Pepperstone. Mirror Trader offers a more traditional concept to traders, by which Tradency’s servers track the signals of strategy developers worldwide. The traders can then view and evaluate whether they would like to copy a certain trade onto their accounts and track certain providers. The platform offers automatic, semi-automatic and manual trading catering to the needs of different traders. Oz Golan, Tradency's VP Sales, commented: “We see a strong demand for trading automation and Robo advisory platforms in the Asian markets. m-FINANCE dominance in these markets, delivers very successfully our integrated technology solution." Dick Tam, CEO of m-FINANCE, added in the joint statement: “We are of great pride that many our brokers to sign up to the service. We have been committed to provide the best for our clients. With RoboX and Mirror Trader we are excited to see a new trend to our brokers to offer traders advanced automated solutions that are unique and robust. We have received many good feedbacks from our brokers, particularly on the A.I. capability of RoboX and the high quality of the strategies.”