CHARLOTTE, 17 October 2019 – Advanced Markets Group, a leading Prime of Prime Liquidity Provider, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) is pleased to announce its new partnership with Tradefora. Founded in 2016 Tradefora PLC is a fast growing innovative software company specializing on best execution and regulatory reporting services for brokers, traders and regulators.
A partnership to ensure best execution
“The introduction of RTS 27 and 28 reports into the EU regulatory framework is a marquee development that is aimed to increase transparency and foster trust relationships between brokers and their clients.
Advanced Markets is pleased to cooperate with Tradefora in this great mission of delivering crucial information on a broker’s quality of execution, and execution venues, benefitting both traders and regulators alike. Via this partnership, FX institutions can take advantage of Advanced Markets interbank liquidity feed, and Tradefora’s innovative RTS27 reporting facility, along with other feed monitoring and benchmarking tools”, said Natallia Hunik, Global Head of Sales at Advanced Markets Group.
Pavel Khizhnyak, Co-Founder and CEO of Tradefora, said “we are delighted to partner with Advanced Markets as one of the leading liquidity providers in the FX OTC space and a company that shares our drive towards more market transparency. This partnership will enable us to further enhance our benchmark pricing tools across all the supported instruments with institutional level refresh rate frequency and full market depth analytics. This marks an additional major development phase for us as we continue to aggregate top LPs to comprise a comprehensive institutional liquidity pricing index.”
Pavel further commented “With retail traders as our first users, we started Tradefora by aggregating more than 100+ retail broker price feeds to produce a peer-to-peer benchmark pricing index, aka Tradefora Composite Index or TCI”. Every trader in Tradefora has full access to this benchmark index and can independently verify the trade execution for free in near real-time. Having a more robust institutional level reference price index will provide us with an ability to check not only the Top of the Book prices, but also to verify the VWAP execution quality across the entire market depth with millisecond precision.”
About Advanced Markets Group
Advanced Markets is a wholesale provider of liquidity, technology as well as credit solutions to institutional clients globally. This includes clients such as brokers, fund managers, hedge funds and CTAs (commodity trading advisors). The firm’s products support direct market access (DMA) trading in spot FX, energies, precious metals as well as CFDs (contracts for difference). All in global indices and also in commodities. Through our extensive client base, we estimate that Advanced Markets liquidity ultimately serves more than 40,000 institutional and individual clients in more than 30 countries globally. Very Noteworthy: The company is privately held. Outside investors include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank and BGC Partners.
Tradefora PLC is an innovative and fully independent software provider with focus on Best Execution and a mission to bring about more market transparency to the OTC marketspace. Tradefora has developed a unique set of solutions for retail traders, brokers and regulators.
Those solutions are:
1) TradeGuard for traders is the first fully automated transaction cost analytics and trade execution quality measurement engine, which is offered to all retail traders an no cost and without any limits. These analytics are based on aggregating 100+ retail brokers pricing across the most popular instruments (including FX, metals, energy and crypto) with powerful visual tools, millisecond precision and trader-specific analytics. TradeGuard for brokers – solution for historic and live order execution verification. 2) RTS 27 – Best Execution Reporting Automation with a dedicated portal ( www.rts27reporting.com )
3) DataGuard – highly optimized solution for market data collection, analysis and visualization.
4) FeedGuard – real-time price feed monitoring, alerts and analytics system.
Visit Tradefora’s company website for more details – https://.tradefora.com