Fortex wins Multi-Asset Trading Platform of the Year at FinanceFeeds Awards 2023 

FinanceFeeds Editorial Team

Fortex Technologies, a prominent US-based company with an innovative DNA, has been recognized as the “Multi-Asset Trading Platform of the Year” at the prestigious FinanceFeeds Awards 2023. This accolade is a testament to the undeniable impact that the Fortex platform has had on the trading landscape, solidifying its position as a leader in the financial technology space. 

At the core of Fortex’s success lies its cutting-edge XForce ECN trading platform, which serves as a one-stop trading solution for a diverse range of market participants. The platform encompasses various essential complionents, including trading platform frontends, a bridge to connect various market participants, an aggregator to streamline access to multiple liquidity sources, hosting capabilities for seamless performance, and robust risk management features. 

Fortex caters to a diverse clientele, including regional banks, liquidity providers, hedge funds, asset managers, broker-dealers, and professional traders worldwide. Its open and liquidity-agnostic approach ensures an inclusive platform that accommodates various asset classes and market conditions.   

Fortex’s XForce covers FX, equities, and Digital Assets

Fortex’s XForce ECN trading platform is at the core of its success. Focused on the FX, equities, and digital assets markets, XForce boasts unparalleled versatility and efficiency. Its sophisticated, yet easy-to-use tools empower traders with the ability to access enhanced liquidity, optimize execution workflows, and employ sophisticated trading strategies.  

Competing against other renowned trading platforms, Fortex’s XForce emerged victorious due to its exceptional performance, innovative features, and dedication to customer satisfaction.  

The recognition at the FinanceFeeds Awards 2023 serves as a clear indication that Fortex Technologies is not just another trading platform; it is an industry-leading force to be reckoned with. By earning the trust and confidence of traders and financial institutions alike, Fortex has firmly established itself as a true market leader. 

Daniel Chen, Co-Founder & CEO at Fortex, said: “Receiving this prestigious award is a testament to our unwavering commitment to innovation and excellence. With vast years of experience, we have continuously empowered financial institutions and traders worldwide, fuelling our drive to shape the future of trading. This recognition reinforces our dedication to pushing the boundaries and sets the stage for even greater accomplishments on our journey ahead.” 

A deeper look into Fortex’s XForce platform 

Fortex’s XForce ECN platform stands as a well-rounded and comprehensive solution for financial institutions, combining a multitude of essential features to cater to institutional traders’ needs. 

  • Liquidity Aggregator: XForce brings together liquidity from various sources, creating a deep pool of liquidity accessible to traders on the platform. This ensures competitive pricing and improved execution for trades, contributing to a more efficient trading experience.
  • Bridge Provider: XForce seamlessly connects traders to multiple liquidity providers and market participants. This direct connection streamlines trade execution, reduces latency, and enhances overall trading performance. 
  • Multiple trading frontends: Institutional traders benefit from the sophisticated Institutional Desktop Terminal, with advanced charting and real-time data. The WebTrader platform provides an intuitive web-based solution for convenient access without downloads, while the MobileTrader app empowers traders on the go. XForce’s diverse frontends make it a versatile and well-rounded solution for traders and institutions alike. 
  • Managed Hosting: Fortex’s XForce ECN platform is hosted in top-tier managed facilities, including Equinix NY4, HK1, and LD4. With premium IT infrastructure, global network, and proxies, the platform ensures secure and low latency, granting a competitive advantage in the financial markets. 
  • Risk Management, Dealing and Backoffice: Furthermore, Fortex’s XForce ECN platform offers a comprehensive backoffice management suite and dealing system. This centralized hub enables efficient trade monitoring with real-time reporting, risk management tools, compliance monitoring, and seamless trade execution. The suite equips financial institutions with the necessary insights and tools to optimize trading operations and enhance overall efficiency. 

Broker-dealers benefit from a range of functions, including CRM and KYC modules, IB portals, fund manager PAMM, reporting tools, liquidity sourcing, clearing and settlement technology, and risk and order management capabilities. The platform also facilitates MT4/5 bridging for seamless connectivity to the popular MetaTrader platforms. 

An open platform philosophy sets Fortex apart, allowing brokers to tailor and build their own business workflows using Fortex APIs. This customization empowers brokers to provide unique services and experiences for their end-users, IBs, and administrators, further enhancing customer satisfaction and loyalty. 

With years of successful operations in the fintech space and headquartered in the U.S Silicon Valley, Fortex is a trusted partner for banks, liquidity providers, and brokers worldwide. Fortex’s neutrality and independence from liquidity providers assure clients of unbiased and transparent services, while its global hosting at Equinix data centers ensures low-latency and high-performance trading environments. 

As a leading multi-asset solution, Fortex’s XForce ECN platform has cemented its position as an industry trailblazer, and the “Multi-Asset Trading Platform of the Year” award is a testament to its unwavering commitment to excellence.  

With its continuous dedication to innovation and customer satisfaction, Fortex is set to redefine the future of online trading and financial services. Whether for seasoned institutional traders or aspiring retail investors, Fortex’s XForce ECN platform offers a gateway to success in the dynamic world of multi-asset trading.

Read this next

Opinion, Retail FX

Why user experience is key to making U.S. markets more accessible to international traders

As sophisticated traders get younger and their expectations track their experiences, the bar for leading technology providers keeps moving up.

Financewire

Klumi Ventures UAE’s First Web3 Venture Capital Firm Regulated by ADGM

ADGM’s progressive Capital Markets Framework, coupled with its familiar legal and regulatory frameworks, offers a conducive environment for fund managers to thrive while adhering to international standards.

Chainwire

Bybit Web3 Partners with Tuna Chain for $50,000 TUNA Airdrop Campaign

Bybit Web3 is dedicated to breaking down barriers and making Web3 accessible to everyone. 

Fintech

Finastra leverages OpenFin to enhance workspaces and workflows

Finastra has joined forces with OpenFin to redefine the user experience of Finastra Kondor, a leading bank treasury management system.

Industry News

Securitize raises $47m from BlackRock, Tradeweb, Circle, Paxos

The funding round coincides with the launch of BlackRock’s first tokenized fund, available to investors by subscribing with Securitize.

Institutional FX

Saphyre links to DTCC’s ALERT ahead of T+1 settlement

“This collaboration between Saphyre and DTCC is another example of how Saphyre is leveraging pre-trade data to manage Ready-To-Trade capabilities for the front office while proactively streamlining post-trade settlement activities. These are the types of real-time solutions needed for T+1 operational readiness and management.”

Retail FX

Webull unveils Webull Lite for novice traders

“We are launching Webull Lite in response to customer demand for an expanded selection of services tailored to meet the needs of a diverse range of retail investors. We look forward to reaching a broader audience of individuals with this new product and are excited for them to experience Webull.”

Digital Assets, Market News

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

On the night of 20 April, the Bitcoin network experienced its fourth halving. Having broad general economic implications, this process is important for the entire cryptocurrency world and not solely for Bitcoin holders.

Executive Moves

ATFX announces Nick Twidale as Chief Market Analyst, Australia

“I am delighted to welcome Nick to ATFX. His proven track record in producing quality market commentary and analysis can only enhance our global offering, and his appointment marks another significant milestone in our commitment to the region.”

<