Fortex Expands its Crypto Offering
Fortex Technologies, Inc., a leading global provider of multi-asset trading solutions, announced last year its addition of a Cryptocurrency CFD offering to the Fortex platform. The launch included CFDs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple – all of which were made available to the entire suite of platform functionalities, including liquidity aggregation, price distribution, and risk management.
The offering was done in partnership with Tier1FX, and it has since been adopted by Advanced Markets and a number of other clients.
Crypto CFDs have become a popular way to gain exposure to price movements of cryptocurrencies without the need of holding the underlying asset.
Today, Fortex continues for forge ahead in this space with a number of initiatives on the way – including a Cryptocurrency NDF offering and an institutional platform for digital assets and cryptocurrencies.
The Cryptocurrency NDF solution, while similar to a CFD in certain aspects, will cater to the institutional client space allowing for deeper liquidity access and larger trade sizes in an ECN environment.
The institutional-grade platform provides an end-to-end solution facilitating price discovery, liquidity aggregation, an OEMS, risk management, white label, price distribution, and more. Benefits to clients include reduction in transaction costs, and integrating pre- and post-trade operational workflows for trading across Exchange- and OTC-based cash and derivative products.
Commenting on the offerings, Jason Young, Head of Institutional FX at Fortex, said:
“The major benefits in the design of Fortex’s software and system architecture are that it: 1) is completely flexible, modular, and scalable, 2) is multi-asset, and 3) has been continually improved upon for over 20 years. While there are differences between fiat and cryptocurrencies, our technology and market experience have made the integration of cryptocurrencies and digital assets to our platform a smooth one.
We very much look forward to further enhancing this part of our offering in line with our clients’ needs.”
About Fortex Technologies
Founded in 1997, Fortex continues to revolutionize trading with its powerful, neutral, multi-asset trading platform focused on the FX markets. Fortex’s eFX suite, ECN, infrastructure hosting and more are used by regional banks, hedge funds, asset managers, broker dealers and professional traders around the world to enhance liquidity access, improve execution workflows, and support sophisticated trading strategies.
Fortex maintains its technology leadership through continuous innovation, bringing together the latest processing, intelligent routing, and execution technologies with a robust, always-on platform. As hosted solutions, Fortex platforms are customized to customers’ specific trading environments and deployed quickly. The company’s unwavering commitment to customer service helps Fortex customers build and sustain their competitive trading advantages in changing markets.