Fortex Customers Gain Access to Prime Brokerage Services and Liquidity from Top-tier...

Fortex Customers Gain Access to Prime Brokerage Services and Liquidity from
Top-tier Global Banks
Fortex FX Platform STP Integration Key to Better Liquidity and Pricing

REDWOOD SHORES, Calif., May 20 /PRNewswire/ -- As the result of successful
STP integration with many of the world's leading banks, Fortex, Inc., the
leading provider of independent, real-time multi-asset trading platforms,
today announced that its clients can now take full advantage of prime
brokerage services. Fortex clients can trade directly with top-tier global
banks for better pricing and liquidity while minimizing credit risk and
significantly improving their profit margins.
The Fortex FX Multibank Portal has been integrated with many of the
world's largest banks, enabling its clients to STP trades directly to
Citibank, Bank of America, Deutsche Bank, Barclays Capital, Goldman Sachs, and
Lehman Brothers, with Citibank acting as prime broker. This specific Fortex
FX system was placed in production in October 2007, delivering proven
scalability and performance. Today the system processes $70 billion per month
in FX trades from more than three million tickets for over 22,000
high-velocity trading accounts worldwide. The Fortex FX platform is also
integrated with the banks' Traiana Harmony systems for real-time trade
reconciliation between banks and the prime broker.
"We are delighted that the world's major FX players have expressed such
high confidence in the Fortex platform that they are extending prime brokerage
service and deep liquidities to our high-velocity clients," said Daniel Chen,
CEO and co-founder of Fortex. "Through Fortex FX, our customers can work
directly with highly credible institutions and significantly enhance their
profitability. We also bring higher trade volumes and new customers to the
banks, which is good for their business. We believe that this type of close
integration and cooperation will benefit the entire FX market."
Intelligent routing technology (INTX) in Fortex FX enables Fortex
customers to quickly discover the best price and maximum liquidities among
competing bank offerings. With deep liquidity offered by numerous banks to
Fortex clients, extremely tight spreads in the consolidated core feed provide
them with higher mark-ups than they can achieve with traditional rebates for
order flow. And with Straight-Through Processing (STP) integration, the
Fortex FX platform now automatically STPs clients' trades to the bank,
eliminating the credit risk associated with having to place trades through a
secondary market executing broker. Fortex has documented client profitability
increases of up to 60 percent while simultaneously providing superb credit
assurance from major global banks.
The Fortex FX platform provides direct access to FX markets for supporting
global trading operations. The INTX engine delivers STP without human
intervention -- speeding execution, enabling 24x7x365 trading, and reducing
execution costs. It is also the only FX trading platform to deliver advanced
features such as fully automatic pre- and post-allocation capabilities,
scalping detection and rejection, domain-based quotes, auto hedging, internal
matching, and superior real-time risk management. Fortex also offers a
multi-asset trading platform, Equities Plus, which provides neutral, direct
real-time access to all U.S. exchanges, ECNs, and market makers for
broker-dealers, market makers, clearing houses, trading firms, hedge funds,
money managers, proprietary traders, and professional investors. Fortex FX
and Fortex Equities Plus are available as hosted solutions.
About Fortex
Fortex is the leader in developing and deploying world-class, multi-asset
trading systems for foreign exchange, equities, options, and futures trading.
Only Fortex delivers completely neutral, real-time platforms that provide
direct access to all global exchanges and leading market makers through a
single trading interface. The company is privately held and headquartered in
Silicon Valley. For more information, please visit http://www.fortex.com.
For additional information:

Daniel Chen
Fortex, Inc.
dan@fortex.com
650.591.8822

This release was issued through eReleases(TM). For more information,
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SOURCE Fortex, Inc.

Daniel Chen of Fortex, Inc., +1-650-591-8822, dan@fortex.com