Tradency’s RoboX automated trading system gains approval by the Financial Commission
“Tradency welcomes the opportunity to have the independent and qualified third party Financial Commission validate its machine,” – Lior Nabat, CEO, Tradency
The Financial Commission, a financial services independent external dispute resolution (EDR) organization, today announced the successful certification of RoboX, which is the intuitive trading system trading machine provided by Tradency.
The Financial Commission conducted its rigorous review of Tradency’s trading system, which relies on big data collected by Tradency in order to automatically select relevant strategies in order to continue to engage traders, to ensure it met the technical information requirements of the Financial Commission’s technology certification evaluation process.
According to the Financial Commission, a comprehensive list of points to verify were established including system security, capacity, business disaster recovery and continuity plan, as well as reporting and record keeping, among other fields deemed important to certify.
“We are pleased to have concluded a successful technology certification for yet another provider and welcome Tradency to the Financial Commission as an approved provider,” said Financial Commission Chairman Peter Tatarnikov. “Reviewing the often complex business processes which underscore how technology works continues to be of the utmost importance amid scrutiny of best practices surrounding FX trading.”
“Tradency welcomes the opportunity to have the independent and qualified third party Financial Commission validate its machine,” said Tradency CEO, Lior Nabat. He added: “Certification from the Financial Commission, an organization which harbors a deep understanding of the Forex industry, underscores our commitment to best business practices and commercial integrity.”