Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Develops dealing platform for FOREX, Options and CFDs.
Year Established: | |
Funding: | |
Address: | Atlanta, GA 30339 |
Telephone: | |
Mobile: | |
Fax: | |
Mail: | info@fxbridge.com |
Company URL: | http://www.fxbridge.com |
FX Bridge Provides Combined Trading Platform for AVS Carter Asset Management
Atlanta, GA (February 16, 2010) â FX Bridge Technologies, Inc. announces that AVS Asset Management, headquartered in Dubai, has selected ProTrader Plus to provide its combined CFD, spot, and options trading platform.
As a premier investment and brokerage firm serving a variety of global institutional and individual clients, AVS Carter recognizes the importance of providing the 24-hour trading access which the FX Bridge platform enables. This kind of availability is complemented by ProTrader Plusâs comprehensive suite of analytical and risk-management tools.
According to Kelly Wright, Director of Institutional Services, âWith online access to options, clients can execute the strategies that make sense for their portfolios. The platform was made available quickly, with minimal impact on our IT staff. Plus, when weâve needed changes, FX Bridge has been more than accommodating with whatever we needed.â James Friedman, FX Bridgeâs Chief Operating Officer notes, âWe know our customers need solutions, not just technology. We bring our customers quick and easy implementation and proven experience in managing FX options platforms.â
About AVS Carter Asset Management
AVS Carter Asset Management is a multinational group serving its valued global customers with offices in Dubai, Vancouver, Cyprus, New Zealand, Thailand and Belize. Its various entities include AVS Carter Trading Inc., AVS Carter Asset Management Limited, AVS Carter Investments Inc. AVS Carter Asset Management offers a range of diversified financial services worldwide, including Forex (FX) and CFD online trading, spot and options derivatives. AVS Carter consists of sound financial professionals with decades of experience in world markets and global futures exchanges (CME, CBOT, CBOE, NYMEX, NYBOT, KCBT, ICE, Eurex, Euronext, DGCX, DME, DIFX, TAIFEX, and more) as well as major stock exchanges (NYSE, NASDAQ, TSE, BSE, NSE, TSX, LSE, NZX and more).
FX Bridge Provides Options Platform for WSD Global Markets
Atlanta, GA (January 11, 2010) â FX Bridge announces that WSD Global Markets, headquartered in New Zealand, has selected FX Bridge to provide its combined spot and options platform. FX Bridge provides leading-edge technology for same-account spot and options trading.
WSD sees increasing demand for FX options within its global client base. Customers want more trading and risk management strategies than spot alone provides, and FX Bridge software meets that growing requirement. WSD leads the field in responsiveness to customer needs by introducing innovative financial e-products. By offering this uniquely-integrated spot and options platform, WSD has once again reaffirmed its commitment to the kind of competitive differentiation that FX Bridge facilitates.
âFX Bridge has the best technology for FX spot and options, both for our customers and our dealing operations,â explains Sajid Shaikh, WSDâs Head of Operations and Risk. âWeâre very impressed with the maturity, depth and breadth of the platform. It has everything we need: high volume/low latency execution, intuitive feature-rich GUI, extensive risk management tools and comprehensive reporting and analysis -- all in a highly scalable and reliable platform.â
FX Bridge Reaches One Millionth Foreign Exchange Option Milestone
Atlanta, GA, December 14, 2009 â FX Bridge Technologies announces the execution of the one millionth completed foreign exchange (FX) option transaction on ProTrader Plusâ¢, making it the leader in cross-asset margin trading...
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FX Bridge® Names Farid Naib to Board of Directors
Atlanta, Georgia, October 12, 2009 â FX Bridge Technologies Corporation today
announces that Farid Naib, an entrepreneur with an extensive background in foreign
exchange technology, has joined the firmâs Board of Directors.
Mr. Naib was previously Co-President of FX Systems, an early FX options pricing
system, and founded FNX Solutions, which provides financial technology to global and regional banks as well as corporations and hedge funds. âWe are pleased to welcome Farid to our Board of Directors,â said Steve Reich, CEO, FX Bridge. âWith his long experience and record of successful technology innovation, Farid will be an invaluable advisor to the firm as we work with leading brokers to develop and launch cash foreign exchange options trading for individual traders globally.â Mr. Naib first became involved with FX technology in 1985 in his role as Co-President of FX Systems, one of the first firms to offer American Style option pricing on FX options. FX Systems became the dominant supplier of FX option software for the Philadelphia Stock Exchange, which at the time was the primary source of FX option liquidity. In 1992, Mr. Naib founded FNX Solutions, which provided financial technology to a large number of firms, including top tier global and regional banks, corporations and hedge funds. FNX provided global FX option trading systems to firms such as Deutsche Bank, Credit Suisse, UBS, Citibank, Bank of America, Sakura, Republic National Bank, Bear Stearns, AIG, and others. FNX was sold to GL Trade in 2007 where Mr. Naib remained a member of management until the firmâs acquisition by SunGard in 2008.
Mr. Naib is an active entrepreneur and is currently CEO of Document Depository
Corporation. He has served as an entrepreneur is residence at the University of
Pennsylvaniaâs Wharton School. He was also an original investor in, and served on the board of, Gain Capital.
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FX Derivatives Trading on Exchanges Rises 23%: BIS Survey
September 21. 2009 - Fresh from a VC round that has netted the firm $2 million, FX Bridge Technologies Corp is planning a major ramping up of its activities. Led by CEO Steve Reich, one of the five founders of HotspotFX, the firm is planning increases to its technology, sales and marketing teams in Atlanta, New York and London....
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Small Investors Make Big Bets on Currencies
Wall Street Journal 09/16/2009 â The dollar is zigzagging, falling below the 90 yen mark Friday and testing the depths it plumbed against the euro a year ago. That kind of action is music to the ears of investors ...
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FX Bridge Places Bet on Options Growth
September 2009 - Trading in foreign exchange derivatives on global exchanges recovered in the second quarter with turnover increasing 23% to $5.9 trillion from $4.8 trillion in the previous quarter, according to the Bank for International Settlements....
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e-Forex Magazine: April, 2009
FX Bridge, further empowers Forex traders with Strategy Optimizerâ¢â joining Risk Managerâ¢, Pricing Modelerâ¢, and Margin Calculator⢠as the latest addition to the Total Position Awareness⢠suite of analytics on its ProTrader Plus⢠spot and option platform.....
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e-Forex Magazine: April, 2008
FX Bridge Forex Options and TeleTrader Software AG have entered into a strategic alliance to bundle the TeleTrader Professional charting and analytical software with FX Bridgeâs ProTrader Plus Forex dealing platform ....
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e-Forex Magazine: April, 2008
Electronic Currency Derivatives: Prospects for the future...
France Maguire asks if the FX industry will ever successfully trade FX options electronically or if the hybrid model is here to stay...
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FX Bridge Taps FIX Flyer for High Speed Integration
Wall Street Journal-Tech News: 09/18/2007 - As the adoption of the FIX fuels electronic trading in foreign exchange and expands into new areas such as FX options, banks are demanding integration with back office and risk management technology. Today, FX Bridge Technologies, an Atlanta-based developer of FX trading and dealing systems, announced that itâs partnering with New York-based FIX Flyer to integrate the FIX messaging standard into its solution.
FX Bridge Technologies, founded in 1999, provides ProTrader Plus, a dealing system to clearing firms and introducing brokers both domestically and internationally, that market to individual investors who trade spot FX, contracts for difference (CFDs) and standardized options. (Standardized options are similar to exchange traded contracts but they offer immediate response from a dealer instead of the floor.)
While ProTrader Plus has traditionally operated as a standalone environment, most large banks or clearing firms have legacy back-office environments, which they are not in a position to scrap, says James Friedman, director of marketing at FX Bridge. âIf they want to integrate with something else, FIX Flyer is the integration and FIX Protocol is the mechanism by which we do it,â says Friedman.
By utilizing the FIX messaging standard, banks that like a particular front-end dealing system can receive or transmit orders to FX Bridgeâs back-office and risk management system. The banks can use the ProTrade Plus back office and integrate with their existing back office for consolidated reporting.
â What we have found is that other companies really like our back-office risk management product, but they like Ninja Trader or Meta Trader or other popular front-end environments, says Friedman. âSo with that front-end broken out we can provide back-office systems and comprehensive risk management and comprehensive reporting,â explains Friedman. âWe can get transactions from another source or you can transmit all via the FIX Protocol,â he says. This means if the transactions are routed in via an ECN(like Hotspot or Currenex), FX Bridge can receive, record or transmit to them, notes Friedman.
According to George Kledaras, Chairman of FIX Flyer, which develops advanced trading technology for multi-asset trading using the FIX Protocol at high volumes, outsourcing the FIX technology will enable the vendor to focus on their core platform. âWeâre running it as a hosted service as opposed to putting a FIX engine at the clientâs site,â says Kledaras. This helps out in terms of quality of support but also in reliability and speed, says Kledaras. âInstead of tying a FIX engine locally at their site, more and more firms are outsourcing it where we host the FIX engine and all the connectivity to their clients to all the execution destinations for forex,â he says. âItâs taking FIX to greater heights, to greater possibilities and further entrenching it in the world of derivatives and forex,â adds Kledaras.
Friedman, who looked the major players in FIX integration, says the firm had three main requirements. First, the outsourced model was appealing. Second, the vendor had to be comprehensive in being able to handle a lot of international as well as domestic business, he says, noting that half of FX Bridgeâs current business is international. Third, the FIX engine had to have âstellar transactional throughput.â For example, in FX options there can be periods of no activity and then suddenly, when the Federal Reserve announcement comes out, there can be 2,000 trades in a minute, he says. âIf there is a barrage of transactions, FIX Flyer guarantees that everything will be put through in lightening speed,â he says.
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Partners & Alliances
Atlanta, GA, September 12, 2007 - FX Bridge Technologies and TeleTrader Software AG have entered into a strategic alliance to bundle the TeleTrader Professional charting and analytical software with FX Bridgeâs ProTrader Plus Forex dealing platform. ...
Atlanta, GA, September 12, 2007 - FX Bridge Technologies Partners with FIX Flyer to Add Full FIX Integration and Compliance to Their ProTrader Plus⢠Dealing Platform for Forex, CFDs and Options...
HONG KONG FOREX EXPO 2010 gives you chance to see live demonstrations of the latest analytical and execution software and trading tools. It's a great possibility to meet with forex market gurus and most experienced speakers from all over the world and visit workshops designed specifically to teach you how to make better trading decisions immediately and become a more profitable trader.
C&B Capital,Total Technology Ventures LLC
Steven Reich is Chief Executive Officer. He has served as strategic advisor to FX Bridge Technologies from January 2008 and assumed the role of CEO in June 2008. Mr. Reich was a co-founder and chief operating officer of HotSpot FX Corporation, an online Forex marketplace for both institutional and retail clients. HotSpot FX was sold in 2006 to Knight Capital. Mr. Reich has extensive treasury and currency dealing experience with Barclays Capital, HSBC Markets, and Credit Suisse, as well as a deep knowledge of electronic marketplaces. Mr. Reich holds a degree in applied economics from Cornell University.
Joseph Cunningham is President and Founder of FX Bridge. Mr. Cunningham’s strategic vision and entrepreneurial energy lead FX Bridge from a concept in 1999 to a market leader in innovative e-FX trading technology. He has more than 25 years of experience in financial products and services, including as a proprietary options trader and private equity Forex options dealer.
James N. Friedman is Director of Products and Marketing, and has been with FX Bridge since 2002. Mr. Friedman is a graduate of the University of Rhode Island with a BS in Industrial Engineering and an MBA in business management. He brings technology and sales experience from Digital Equipment Corp., Software AG, and SBC Communications. He has held NASD Series 3 and Series 30 licenses.
Jeff Hedlund is Chief System Engineer. He joined FX Bridge in 2004 and has been CSE since 2005. He holds a BS in computer science from the Georgia Institute of Technology and spent four years at Georgia Institute of Technology as a lead computer scientist in research and development. He served as chief technology officer for four years at Matrix, Inc.
Tito Girod is Chief Product Architect. He comes to FX Bridge with industry expertise in the high-performance trading systems space. He previously served as vice president of software development for Lava Trading. He has built options trading systems for First Traders Analytical Solutions and served as chief technology officer of an international proprietary trading firm. Tito holds a B.S. in Computer Science from Tulane University and a Masters in Ancient History from the American Military University.