Financial trading technology provider Tradency has announced that leading Australian retail forex broker Pepperstone is set to launch Tradency’s MirrorTrader service.
The MirrorTrader service will enhance Pepperstone’s offering for clients with automatic execution of unique algo-strategies.
Tradency’s MirrorTrader provides technology for retail clients, which traditionally had only been available to institutional traders. The MirrorTrading concept is quite simple: Tradency servers keep track of strategy developers’ “buy” and “sell” signals. By using the MirrorTrader platform, traders can view, analyze and evaluate signals sent by experienced traders and execute the signals in their own account.
Phil Horner, CEO (APAC) of Pepperstone said:
We see MirrorTrader as a natural fit for our goal to revolutionise the industry by offering traders better service, lower spreads and faster execution, something we believe that this partnership with Tradency will promote”. He also added: “Pepperstone continues to expand the client experience, bringing innovative ways for our clients to trade FX. We’re especially proud to offer some new and exclusive strategies to Pepperstone clients that had previously not been available through Tradency.
Tradency is providing market leading customers with robust and scalable solution to support their growing client base. Lior Nabat, Tradency’s CEO elaborates on the newly found collaboration:
We are happy to add Pepperstone to our growing list of worldwide brokers. MirrorTrader has the proven ability to add value for the retail traders.