Fortex Deploys Low-Latency FX Trading Infrastructure to Power Advanced Markets FX DMA Model

Provides Direct Market Access FX Trading for Institutions and Individuals

REDWOOD SHORES, Calif., August 18, 2009 – Fortex, Inc., the leading provider of independent, real-time multi-asset trading platforms, today announced that it has deployed its high-performance, low-latency Fortex FX platform for Advanced Markets, LLC, a leading provider of direct market access FX (FX DMA) trading services. Using the Fortex FX platform, Advanced Markets provides a fully transparent, low-latency FX DMA model for online institutional and individual FX traders.

"We are pleased to team with Advanced Markets and provide FX market participants with access to the platform's unmatched speed and advanced trading capabilities," said Daniel Chen, CEO and co-founder of Fortex. "With the Advanced Markets FX DMA model and the Fortex platform, institutional and individual traders participate in the fairest environment available – the real interbank market – and gain instant access to the best prices from leading liquidity providers around the world."

Fortex FX is tightly integrated with the leading FX liquidity providers. For the first time, individual clients have direct access to live pricing from more than 10 top-tier FX banks, on equal footing with other banks, institutions, and hedge funds. Rates are streamed directly from liquidity providers to provide the best bid/best offer environment to each client, enabling Advanced Markets to provide unfiltered access to the true interbank market with no price manipulation or delay.

The Fortex low-latency infrastructure delivers execution speeds within one millisecond, resulting in transaction rejection rates of less than 0.5 percent. The platform also dynamically adjusts to a client's bandwidth connection to optimize quote update frequency and lock in prices. This feature enables Advanced Markets' clients to experience superior quote delivery performance and maximum access to market action. Market-making banks gain access to all online traders and a completely unfiltered order flow, while banks, hedge funds, institutional traders, and individuals compete on equal market footing.

“We share a foundational belief with Fortex in fair trading and transparent markets, and we are delighted to work together to transform FX trading,” said Anthony Brocco, CEO of Advanced Markets. “We look forward to extending our joint capabilities and commitment to transparency to clients outside of the U.S."

Fortex FX supports more than 22,000 online trading accounts worldwide and processes over 5.5 million tickets per month. Advanced Markets provides FX trading services to individual traders, money managers, CTAs, broker partners, trading funds, and pools. Using Fortex FX, the firm offers straight-through processing (STP). Unlike fixed or minimum bid/offer spreads from traditional brokerages, Advanced Markets spreads are variable, reflecting real-time interbank market conditions, and can be as low as zero pips.

About Fortex
Fortex is the leader in developing and deploying world-class, multi-asset trading systems for foreign exchange, equities, options, and futures trading. Only Fortex delivers completely neutral, real-time platforms that provide direct access to all global exchanges and leading market makers through a single trading interface. The company is privately held and headquartered in Silicon Valley. For more information, please visit

About Advanced Markets, LLC
Advanced Markets provides individual and institutional FX traders transparent trading access to the global FX market. The firm’s Direct Market Access model, advanced trading technology and real-time pricing from top-tier banks provide FX traders with a level playing field and total transparency. Advanced Markets is a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and a member of the U.S. National Futures Association. The firm is headquartered in Charlotte, North Carolina. Advanced Markets receives foreign exchange services, including pricing and prime brokerage services, from Macquarie Bank Limited ("Macquarie Bank"). A wholly owned subsidiary of Macquarie Bank is also a debt provider to Advanced Markets and has the right to take an equity interest in a member of Advanced Markets LLC group of companies.

Macquarie Bank is a global provider of banking, financial, advisory, investment and funds management services. Macquarie Bank maintains Representative Offices in the states of California, New York, Texas and Washington, but is not authorized to conduct banking business in the United States.