Fortex Moving into Chinese Market

The Shanghai office is focused on helping clients and investors capitalize on the opportunities in the high-growth FX investment sector.

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 AdvancedMarkets; 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.

Simon Blyth stated that this was an important step forthe company.

‘I believe that Fortex technology will bring completely new execution standards to Chinese traders and elevate the whole
industry to the next level. 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.

The Fortex ECN platform is designed for high-frequency, low-latency performance and optimized for buy-side and sell-side institutions. It offers direct access to Tier 1 liquidity from all major money center banks. The Fortex XCloud server grid offers dedicated dark fiber connections, eliminating the need to use the public Internet and delivering sub-1ms speed and 480-Gbps throughput. The powerful Fortex XBook matching engine represents each trader’s order in the interbank market to match with the best liquidity available, including hidden liquidity pools. Broker dealers and traders using MT4 can access the Fortex platform through Fortex MT4 Bridge middleware to gain unified global execution venues and aggregated segmented liquidity pools.