NEW YORK, Jan. 21, 2014 /PRNewswire/ -- Forexware, a leader in forex trading technologies and trading enterprise solutions, today announced it is partnering with Tradency to offer brokers a powerful combination of both front-and-backend technologies. Tradency is a global technology company focusing on advanced services to financial institutions.
Tradency will be integrating Forexware's backend solutions with its Mirror Trader platform. The Mirror Trader is known for increasing broker's activation and client lifespan and is gaining recognition as a broad market solution. FXDD will become the first broker to implement the new joint solution, beginning February 2014.
"We are very excited to partner with Tradency. They are a true market leader in the area of Social Trading," said Fred Scala, Vice President of Global Sales at Forexware. "Adding Mirror Trader to our Total Broker Solution will allow us to reach a new group of sophisticated clients looking for a top tier social trading solution."
"Tradency is looking to extend its network of backend solution in order to meet market demand for Mirror Trading services," said Oz Golan, Tradency Vice President of Sales. "We are very pleased to partner with an advanced technology provider such as Forexware. We are looking forward to offer our joint, full package solution to existing and new brokers alike."
Forexware provides FX trading software products through its FXStarterKit™ tailored to startup retail brokers or IBs making the transition to become a broker. The firm's TotalBrokerSolution™ is a customizable, enterprise-level product for established brokers in need of enhanced infrastructure technology, risk management and complete dealing desk. Together with Forexware Markets, an Australian based, ASIC registered liquidity provider that streams prices from over 15 tier-1 banks and non-banks, Forexware is able to offer clients a fully integrated end-to-end FX brokerage solution.
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables FOREX traders to use the knowledge of experienced traders in real time for their own trading techniques. Tradency's Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. www.tradency.com