Fortex expands its crypto offering


Fortex Technologies, Inc., a global provider of multi-asset trading solutions, has just announced that it has included a Cryptocurrency NDF offering and an institutional platform for digital assets and cryptocurrencies.

LeapRate reminds that last year the company added Cryptocurrency CFD offering to the Fortex platform. The launch included CFDs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple – all of which were made available to the entire suite of platform functionalities, including liquidity aggregation, price distribution, and risk management.

The offering was done in partnership with Tier1FX, and it has since been adopted by Advanced Markets and a number of other clients.

The Cryptocurrency NDF solution, while similar to a CFD in certain aspects, will cater to the institutional client space allowing for deeper liquidity access and larger trade sizes in an ECN environment.

The institutional-grade platform provides an end-to-end solution facilitating price discovery, liquidity aggregation, an OEMS, risk management, white label, price distribution, and more.

Benefits to clients include reduction in transaction costs, and integrating pre- and post-trade operational workflows for trading across Exchange- and OTC-based cash and derivative products.

Commenting on the offerings, Jason Young, Head of Institutional FX at Fortex, said:

The major benefits in the design of Fortex’s software and system architecture are that it: 1) is completely flexible, modular, and scalable, 2) is multi-asset, and 3) has been continually improved upon for over 20 years. While there are differences between fiat and cryptocurrencies, our technology and market experience have made the integration of cryptocurrencies and digital assets to our platform a smooth one.

We very much look forward to further enhancing this part of our offering in line with our clients’ needs.

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