Trading technology provider Fortex Technologies released version 2.1 of its Fortex 7 platform, claiming the updates can process more than 10,000 simultaneous orders as Forex and CFD trading volumes climb globally.
The 28-year-old company says its platform now handles over 3 million daily orders per instance and can settle more than one million trades within a minute. These figures come as the firm cites global FX and CFD monthly volumes exceeding $30 trillion, with particularly strong growth in Asian markets.
The updated platform targets high-frequency trading operations and proprietary trading firms that run trader evaluation programs. Fortex claims its system maintains performance during market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instruments fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instruments fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term periods when order flow typically spikes.
This allows for challenge accounts and trade volume to scale without delays, ensuring seamless execution even in high-volatility markets for prop firms, the company wrote in the press release.
This is another update following last month's version 2.0, which introduced multi-chart view and new risk management features
Other Updates
Daily settlement processing, which the company says previously took longer, now completes in approximately one minute for volumes exceeding one million trades. This affects how quickly prop firms can evaluate trader performance and how brokers process commission payments.
Historical trading data retrieval has been accelerated, with the platform now loading records sets of 10,000+ entries without delay, according to the company. The system also includes an enhanced bulk order API designed for firms operating multiple trading accounts or copy trading services.
Fortex added support for MetaTrader 5 database formats, allowing firms to integrate existing CRM systems and analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term tools. This addresses firms that currently use MT4 or MT5 platforms and want to maintain parallel operations.
In the meantime, Fortex have teamed up with regulatory consultancy FXHill to deliver an integrated solution that covers both the technology backbone and regulatory demands of modern brokerage businesses.
Trading technology provider Fortex Technologies released version 2.1 of its Fortex 7 platform, claiming the updates can process more than 10,000 simultaneous orders as Forex and CFD trading volumes climb globally.
The 28-year-old company says its platform now handles over 3 million daily orders per instance and can settle more than one million trades within a minute. These figures come as the firm cites global FX and CFD monthly volumes exceeding $30 trillion, with particularly strong growth in Asian markets.
The updated platform targets high-frequency trading operations and proprietary trading firms that run trader evaluation programs. Fortex claims its system maintains performance during market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instruments fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instruments fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term periods when order flow typically spikes.
This allows for challenge accounts and trade volume to scale without delays, ensuring seamless execution even in high-volatility markets for prop firms, the company wrote in the press release.
This is another update following last month's version 2.0, which introduced multi-chart view and new risk management features
Other Updates
Daily settlement processing, which the company says previously took longer, now completes in approximately one minute for volumes exceeding one million trades. This affects how quickly prop firms can evaluate trader performance and how brokers process commission payments.
Historical trading data retrieval has been accelerated, with the platform now loading records sets of 10,000+ entries without delay, according to the company. The system also includes an enhanced bulk order API designed for firms operating multiple trading accounts or copy trading services.
Fortex added support for MetaTrader 5 database formats, allowing firms to integrate existing CRM systems and analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term tools. This addresses firms that currently use MT4 or MT5 platforms and want to maintain parallel operations.
In the meantime, Fortex have teamed up with regulatory consultancy FXHill to deliver an integrated solution that covers both the technology backbone and regulatory demands of modern brokerage businesses.
