Advanced Markets and Fortex launch open Algo engine

Advanced Markets Ltd.

January, 2015

Anthony Brocco

Anthony Brocco

Advanced Markets Ltd., a prime-of-prime solutions provider, and Fortex Inc., a leading independent developer of real-time, multi-asset trading platforms have released Algo X, a new open source algorithmic engine that enables traders to develop algorithms in standard computer languages including JavaScript and C#. The Algo X engine runs within Fortex 6, a new front-end trading platform. Advanced Markets supports Fortex 6 and the Algo X engine with low latency Direct Market Access (DMA) to its multibank liquidity pool. Trades are routed to bank liquidity providers in less than 10 micro-seconds, often enabling trade executions on the price that triggered the algorithm’s buy or sell signal.

“We have spent years optimizing our DMA liquidity structure and operating environment to provide high-performance, low latency trade executions and market data for algorithmic FX traders,” said Anthony Brocco, Executive Chairman, Advanced Markets. “With the addition of Algo X, traders will be able to extract the maximum value from their trading algorithms in ways never before available.”