Electronic Communication Network (ECN) trading platform provider Fortex Inc. officially opened its Shanghai office July 22, further demonstrating the firm’s commitment to China’s institutional FX market. The Shanghai office is focused on helping clients and investors capitalize on the opportunities in the high-growth FX investment sector.
“It gives me great pleasure to represent Advanced Markets in extending our warmest congratulations to Fortex on its Shanghai office opening,” said Alexander Braid, Chief Operating Officer of Advanced Markets.
“As a long-time client and business partner of Fortex, we have always enjoyed close cooperation and robust, reliable, and transparent service delivered by the firm’s technology. I am convinced that Fortex’s market-leading technology will greatly contribute to the ongoing progress of brokerage services in Asia” concluded Mr. Braid.
Grand opening ceremonies were held at the Portman Ritz Carlton Hotel in the heart of Shanghai’s downtown. More than 80 local and foreign FX industry executives attended to celebrate this significant milestone with Fortex.
Attendees also discussed the role of technology in advancing Asian FX firms, high-demand products for FX brokers, and the latest industry trends. Guests of honor included Alexander Braid, Chief Operating Officer at Advanced Markets; Simon Blyth, Senior Vice President at Sun Hung Kai Forex Limited, FX and commodities department; Xiaolong Chen, Founder of BestCNY; Yuyang Wang, President at GKFX China; Yubin Sheng, Chief Executive Officer at Currenstone; and Junjie Chen, Founder of Doo Holding Group Limited.
“I believe that Fortex technology will bring completely new execution standards to Chinese traders and elevate the whole industry to the next level,” said Blyth. “Sun Hung Kai Financial is delighted to share its great experience of working with Fortex and its staff with the Asian market. Having a strong on-the-ground presence in Shanghai will strongly position Fortex to efficiently serve its client base in the region.”
Opening ceremonies included sessions on industry trends. Jake Zhi, Institutional Products Consultant at Fortex, shared his view of how to create a safe, transparent trading environment with top global banks using Fortex technology.
A panel also discussed “How to Balance Risk Management and Clients’ Experience in Post-SNB Era.” In the Post-SNB Era, trading platform stability and risk management systems have become critically important.
Guest panelists had a comprehensive and detailed discussion on the significance of risk management and innovative FX tools available in the market. Panelists also acknowledged the stronger demand for pre- and post-trade transparency from their executing venues.