TraderTools Partners with Abacus Group to Host its FX Trading Technology

Fintech firm TraderTools, technology provider to FX and CFDs brokers, has just announced a new partnership with Abacus Group. The deal warrants the financial technology provider access to hosted IT solutions and application hosting. TraderTools will be the newest software application hosting client executed via the Abacus Private Cloud.

TraderTools provides 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 access to market participants and distribution through its proprietary solution called 'Unique Liquidity Network'. The firm just concluded the migration of all of its customers to the Abacus Private Cloud, using tier-3 data centers in the UK and the US.

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Commenting on the news, the CEO of TraderTools, Andrew P. Levine, said: “Abacus provides us the global scale and infrastructure expertise to continue to expand the TraderTools ULN. We are delighted to partner with Abacus and are looking forward to their support in meeting our client and growth objectives.”

The ULN delivers to brokers a single point of access to aggregated liquidity that is focusing on G-7 and emerging market currencies.

The Abacus application hosting platform consists of an IT stack which is dedicated to servicing the specific needs of financial services software providers such as TraderTools. The solution enables a secure, scalable environment.

Scalability of the FX offering of TraderTools has also been improved due to the move to the Abacus Private Cloud environment, as the company will now be able to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term an open model.

Commenting on the news, the CEO of Abacus Group, Chris Grandi, said: “Bringing TraderTools into the Abacus Cloud is a big win for our growth in both the US and European markets, and also our expansion into hosting a wider variety of financial services applications.”

“Our team has been very focused on building out new products and services to accommodate this growing market. We’re looking forward to a longstanding relationship with TraderTools, and assisting them with their growth globally,” Grandi explained.