CHARLOTTE, NC and REDWOOD CITY, Calif–May 28, 2012 – Advanced Markets, LLC, a leading provider of foreign exchange direct market access (DMA) and Fortex, Inc., a leading independent developer of real-time, multi-asset trading platforms, today announced the release of UltiMT, a technology, liquidity and credit offering that enables banks and brokers to provide MetaTrader front-end system traders with direct, high-speed access to multibank foreign exchange and precious metals pricing and trade executions.
The technology at the core of the new offering is a Fortex platform that supports all trading, credit, liquidity, risk management, reporting and other functionality in a single solution. UltiMT can process trades entered via MetaTrader front ends in under 10 milliseconds and delivers additional performance and operational benefits.
In contrast, competing solutions spread these functions across multiple, disparate platforms, bridges and applications, creating significant compatibility, operational complexity and integration issues to the detriment of system performance, stability and speed.
“UltiMT’s unified system architecture is major leap forward that supports MetaTrader banks and brokers with extensive operational, risk management and trading advantages unrivalled by other offerings,” said Daniel Chen, Fortex’s CEO and founder. “Moreover, the combination of this leading edge platform with Advanced Markets’ multibank DMA liquidity pool creates powerful new opportunities for MetaTrader banks, brokers and their trading customers.”
UltiMT is an enterprise grade product that provides high performance, high availability and scalability. The solution accepts all MetaTrader order types, supports Expert Advisor and enables comprehensive order flow and position management through a streaming user interface and comprehensive back-office suite.
To complement this leading edge technology platform, Advanced Markets enables UltiMT traders to directly access live, executable FX and precious metals prices streamed by more than 10 leading foreign exchange banks. Advanced Markets’ liquidity protocol enables traders to trade instantly on bank prices without the rates being spread, subject to fixed spreads or manipulated in any way.
To date, UltiMT has been extensively tested with select brokers and banks globally.
“After trying a number of the available MetaTrader bridge solutions, we’ve been using UltiMT in live trading with remarkable success,” said Andrew J. Henderson, Director of Trading, One Financial Markets, a UK FSA-registered foreign exchange, CFD and commodities broker. “Our clients have experienced excellent trading performance on DMA liquidity and the system has not had a moment of down time or single out trade in over 10 months of live trading, which is fantastic from an operations perspective.”
UltiMT’s robust technology reflects Fortex’s experience working with MetaTrader and Advanced Markets. Fortex built the first MetaTrader bridge in 2003. In operation, the Fortex Bridge has consistently processed more than $12 billion in average daily trading volume and more than 5.5 million tickets monthly. Fortex’s Multibank Portal has been in use at Advanced Markets FX since 2009, providing low-latency trade executions and an ultra-low rejection rate (less than 0.05 percent) with near-perfect uptime performance.
“We have worked closely with Fortex for years to deliver professional quality direct market access liquidity to spot FX brokers and traders,” said Anthony Brocco, CEO of Advanced Markets. “Our first-hand experience with their best-in-class technology and operating infrastructure as well as their deep experience building and operating MT solutions made Fortex the clear technology solution for the UltiMT MetaTrader platform.”
About Advanced Markets, LLC
Advanced Markets, LLC is a registered FCM and RFED with the CFTC and NFA. Advanced Markets FX provides direct market access (DMA) to one of the deepest, most transparent liquidity pools in the FX spot market. DMA goes beyond “no dealing desk” and STP models offered by other brokers, providing instant, unfiltered access to live spot FX prices without fixed spreads or other impediments to instant, best-price execution. (Live, executable bid/offer rates can be viewed at www.advancedmarketsfx.com.)
The firm is a wholesale provider of DMA and credit services to banks and brokers globally and offers accounts to hedge funds, commodity trading advisors (CTAs) as well as experienced, well capitalized individual traders.
The company is privately held. Investors include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank, GFI Group Inc. and firm management.
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 www.fortex.com.
Advanced Markets LLC
Office: +1 704.544.9446 extension 210
Mobile: +1 704 993 7193
Delta Markets Group
Office: +1 732 546 3700
Mobile: +1 917 589 9475
UltiMT is a trade mark of Advanced Markets LLC. All rights reserved.