Cognotec, a provider of web-based institutional foreign exchange trading solutions, has announced that Advanced Markets, the US-based specialist foreign exchange brokerage firm, is to deploy Cognotec’s new retail FX trading platform, RealStream-Margin. The deployment will allow Advanced Markets to provide scalable real-time streaming prices and trade execution to its clients.
Advanced Markets, whose fast expanding business has an exclusive focus on retail FX, needed a solution to deliver high performance, rich functionality and scalability to enhance their trading capabilities and so rapidly transform and grow the business.
“Having experienced several alternative solutions in our retail FX business, the RealStream-Margin platform represented next-generational capabilities which will enable us to differentiate our offering in an increasingly competitive marketplace,” says Anthony Brocco, CEO of Advanced Markets. “It met our requirement for a fully scalable system which allows our clients to access live streaming prices whenever and wherever they wish to trade. It will enable us to take our business forward with full confidence in our trading technology.”
Commenting on the announcement, Mike Thrower, Cognotec’s global head of sales and marketing, says, “The retail FX market is an area of significant growth and Cognotec has worked with a number of market participants to develop the best solution for this emerging space. By becoming the first business to deploy RealStream-Margin, Advanced Markets is now well positioned to capitalise on this market. Cognotec has been exceeding the trading needs of FX market participants for over 15 years, and this announcement proves Cognotec’s continued presence at the forefront of the latest developments in the FX market.”