ADS Securities launches new institutional FX trading platform
Posted: 4 December 2012 | ADS Securities | No comments yet
‘Orex’ to offer lower latency service for high-frequency, high volume traders…
ADS Securities, the Abu Dhabi based brokerage and financial services trading company, today announced the launch of a new FX platform for its institutional clients. Called ‘Orex’, the platform has been designed to offer a very low latency service which meets the needs of a range of high-frequency and high volume traders. The solution, developed through a white label partnership with FlexTrade, will accommodate a range of ticket sizes and gives clients access to both bank and non-bank liquidity.
Marc Aspinall, Head of Global Sales, at ADS Securities, commented: “We have been looking for a robust, scalable platform that will offer our institutional ‘Optim’ clients the functionality they require in a low latency environment. We believe that Orex is an impressive solution and when it is linked into the mix of liquidity we have available it is a very compelling offer. Orex will be available to all clients across Europe, North America and Asia as well as the Middle East. The addition of the Flextrade servers to our own main market sever network will ensure the low latency which is now a pre-requisite for all institutional FX trading.”
Orex has been developed with FlexTrade Systems, Inc., and is a white label of their enterprise FX trading solution which includes MaxxTrader, a turnkey ASP white label front-end system, and the FlexFX trading and risk management solution. Hosted at data centers around the world, the package provides ADS Securities clients with low latency and access to multiple sources of liquidity.
According to Vijay Kedia, president and CEO of FlexTrade: “Orex will allow ADS Securities to provide aggregated liquidity on a worldwide scale for trading spot, precious metals, forwards, and NDFs in a stream via RFS and RFQs. Orders can be traded directly from client-to-client, directly from the trading desk, or back-to-back with the liquidity providers. Additionally, ADS Securities will have access to state-of-the-art risk management tools, integrated bank and custom algos, margin control, routing rules, credit limits and dynamic spreading.”
Orex is the latest in a number of ongoing developments from the Abu Dhabi brokerage which has seen continued strong growth through 2012.
“We are in a technology driven marketplace and we know that we have to keep investing in our platforms and infrastructure if we are to offer the level of support that clients are looking for. This year has been challenging for many brokerages, but we have maintained growth month-on-month and will be looking for further significant increases in business as institutions see the trading advantages Orex provides.” added Mr Aspinall.