Tradency CEO Lior Nabat is a true proponent of entrepreneurs

As one of the electronic trading industry’s more technologically advanced services providers, Tradency has been established for over eleven years, largely centered on its Mirror Trading product and further developments based on that particular concept.

Under the leadership of Lior Nabat, Tradency has gathered a tremendous amount of big data, which led to the development of the company’s RoboX system, which automatically uses analytics and big data collected since 2005 to ensure retail traders remain engaged via continually selecting relevent strategies and lead traders.

This study of data enabled Tradency to see patterns and preferences within users. The compay could see how people behave, how stragegies are doing, and what happened to the market at specific times, and how traders, users and leaders alike, reacted to these parameters.

“We started to see some challenges to the mirror trading model” said Mr. Nabat.

“There were several points that we needed to take into account based on research that we conducted via historic data. Just over a year ago, decided to take a look at what we have worked on so far, and try to find out what else we could do bearing in mind the usefulness of all of this information” – Lior Nabat, CEO, Tradency.

This week, Mr. Nabat has applied his entrepreneurial and technological leadership credentials to a new representative position as he has become President of the Israel Chapter of Entrepreneurs Organization, which he is responsible for alongside his leadership position at Tradency.

The Entrepreneurs’ Organization (EO) is a Global business network of over 12,000 leading entrepreneurs in 160 chapters and 50 countries. It was established as long ago as 1987 by a group of young entrepreneurs, and allows business owners to learn from each other, leading to greater business success and an enriched personal life.

The purposes of the network is to educate and inspire entrepereneurs, and on that basis it provides resources in the form of global events, leadership-development programs, an online entrepreneur forum and executive education opportunities, among other offerings designed for personal and professional growth.

Entrepreneurs Organization differs from many professional networks in that it operates on a peer-to-peer basis, in terms of learning, as well as provides connections directly to experts in specific fields.

FinanceFeeds recognizes the absolute importance of networking and gaining access to professionals in specific fields that are relevant to each business sector, and is a proponent of organizations such as EO, as this echoes our ethos in that the FinTech and electronic trading industry is a relationship business, giving rise to the necessity for our quarterly FinanceFeeds Cup networking events in London, Cyprus and New York.

Mr. Nabat’s ingenuity in his adaptation of Mirror Trading to combine with the collation of proprietary big data has stood the new RoboX system in good stead, having been onboarded by 12 brokerages in just 3 months following its launch.

The very first firm to adopt the system was FXDD in May this year, marking a landmark in the development and progress of RoboX. FinanceFeeds spoke to FXDD COO Lubomir Kaneti about the company’s pioneering launch of Tradency’s RoboX.

“While managed and signal-based or social trading are not new and have their role in the market serving particular segments of investors. Here we have an innovative idea where the signal based trading is blended with AI that is intended to deliver personalized solution matching the goals and risk tolerance of the particular client” said Mr. Kaneti.

“Of course volumes can be written about how good the algorithm is and how much better the personalized solution is compared to other options, but I think the team at Tradency has a lot of experience in this area and they are committed to providing a world class product” – Lubomir Kaneti, COO, FXDD

Mr. Kaneti continued “What we see now is of course the first wave of innovation in this direction. I have no doubt that it will evolve in time and it will prove its efficiency.”

“We have to remember here that this solution relies on the client providing feedback that honestly describes their views and tolerance as an investor. Small changes in feedback may result in significant change in performance over time, however investors should not forget that RoboX does not take away the risk associated with leveraged investing, I believe it is intended to help investors try better more-optimized strategies” concluded Mr. Kaneti.

From Tradency’s head office, Mr. Nabat demonstrated his enthusiasm for the new system by explaining “We have got so much data, and have employed a technological innovation method which is so advanced that without any problem we can scale all kinds of packages of strategies, rules, signals, and ensure that it continues to choose the right execution at the right time.”

“We can also eliminate the problem with quantity. Today, I have finally understood the packaging that people use. We have therefore created a simple user interface which asks the user three simple questions, those being about risk, what kind of trader they are, and what they want to achieve from their trades over a long or short term. This way, the system can automatically choose packaging that uses our data to fit the profile of each user and spread the loads between all the packages available” said Mr. Nabat.

dispelled many widely held beliefs about trading strategies, and explained comprehensively how big data collected over the years by Tradency can now be used to ensure that traders are able to access the most appropriate strategies for their circumstances at all times.

“Everyone deals with their challenges in a different way” said Mr. Nabat. All the big data that we have collected can be used to disrupt and innovate, and therefore we figured that we could use and adjust the data that we have collected for the advantage of development of the system.”

“We took the data, and it was very interesting what came out of the studies that we made.”

“The new RoboX system differs from anything that has gone before” enthused Mr. Nabat. “Think of its main structure as being a kind of package warehouse which holds a series of rules. Traders can put them in a group, and then can switch between them all the time. The packages consist of a superset of the best strategies that follow pre-define rules. Then, in pre-defined periodic schedules, the package updates the content within it automatically to contain only the most qualify strategies available.”

“This way, clients can receive the best strategies all the time, according to market conditions and their requirements. There is absolutely no need to learn, and no need to think about trading at all. This has been made possible by combining the data, strategies and signals and extracting the best details” he said.

Following FXDD in adoption of RoboX over the last three months are brokers from several regions, including Trade 24, Best Leader Global Market NZ Ltd. and Fullerton Markets, demonstrating that with international brokerages from multiple regions on the client list, RoboX is winning the attention of the global FX community.

According to Tradency, the company has a total of over 2 million users. RoboX is Tradency’s latest innovation, a proprietary learning machine which builds a portfolio of strategies according to the most suitable strategies for current market conditions.