You are here: Home » 0 » » Archives for 0st

FXCM Pro partners with multi-asset trading platform Fortex

LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, June 07, 2021 (GLOBE NEWSWIRE) — FXCM, the leading international provider of online foreign exchange trading, CFD trading and related services, announced that FXCM Pro, the institutional arm of the business, is partnering with Fortex, a leading multi–asset trading technology platform.

The partnership between FXCM Pro and Fortex integrates FXCM Pro's liquidity with Fortex's XForce 2.0 platform. XForce 2.0 is a multi–asset trading platform that packs liquidity aggregation, order and risk management, MT4/5 Bridges, FIX API, hosting, and multiple trading GUI into one valued cloud native SaaS offering in NY4/LD4/HK1.

FXCM Pro will combine its world leading multi–asset trading technology solution with Fortex's market leading service, providing institutions and professional traders with a first–class trading experience and access to key industry platforms.

Daniel Chen, CEO and Co–founder at Fortex, commented: "Fortex specializes in helping enterprise clients innovate and re–orient their trading business to fuel continuous growth. From exchange products to FX/CFD to crypto derivatives, we discover deep values for our clients by leading changes and overcoming pain points, armed with superior computing power and data insights. Our team holds a client first, liquidity neutral and broker agnostic principle. FXCM Pro's transparent and pure agency model resonates with our core value. We are very excited to partner with FXCM Pro."

Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales, commented: "FXCM Pro's liquidity management team continues to work hard to develop partnerships that will enhance execution and trading efficiency. Our latest partnership with Fortex provides us with an additional channel, and we are both aligned in our strategy of easing connection and offering customized trading solutions. Through this partnership, we are ensuring that FXCM Pro's liquidity is easily accessible to a wide pool of brokers, hedge funds and professional traders."

Disclaimers:

This communication is intended for institutional and professional clients only.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one–click order execution and trading from real–time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors.

Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”), could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.

About Fortex

Founded in 1997, Fortex Technologies aims to revolutionize trading with its powerful, neutral, multi–asset trading platform focused on the FX, equities, and crypto markets. Fortex's XForce solution, ECN, MT4/5 bridges, infrastructure hosting and more are used by regional banks, hedge funds, asset managers, broker dealers and professional traders around the world to enhance liquidity access, improve execution workflows and support sophisticated trading strategies. For more information about Fortex, please visit www.Fortex.com

Media contact:

Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com


GLOBENEWSWIRE (Distribution ID 8249909)

Sophi.io Wins Two INMA Global Media Awards

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail's artificial intelligence–powered optimization and prediction platform, was announced as a winner of the International News Media Association (INMA) Global Media Awards in two categories, Best Use of Data to Automate or Personalize, and Best in Show for North America.

"The INMA Global Media Awards focus on excellence across all areas of the media business," said Phillip Crawley, Publisher and CEO of The Globe and Mail. "I'm particularly pleased that Sophi's fully dynamic, real–time, personalized paywall won in two categories, and that Sophi's ground–breaking automated print laydown technology was nominated for its use with Naviga and Agderposten."

Sophi also took second place in the categories of Best Initiative to Acquire Subscribers and Best Use of Data to Drive Subscriptions, Content, or Product Design and was shortlisted as a finalist in the following categories: Best Initiative to Register Users, and Best Product and Tech Innovation.

This year's competition drew 644 entries from 212 news brands in 37 countries. The judges were 44 global media experts focused on breakthrough results, unique concepts, strong creativity, innovative thinking, and winner synergies across platforms.

"Great use of data with huge impact. Personalizing paywalls is key for success in the digital subscription business for news media. This entry presents more evidence why this is true," one judge said about the paywall technology. "Their development of user– and content–propensity models is a best practice that others can learn from," said another judge.

Another judge remarked: "Incredible Artificial Intelligence–driven personalization, and perfect embracing of the need to insert data–science talent into a news organization. Excellent impact and numbers.”

Sophi's fully dynamic, personalized, real–time paywall uses natural language processing (NLP) to analyze both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone. It can optimize for multiple outcomes simultaneously (such as different bundles or price points) and also works well in cold–start situations.

Sophi is an AI platform that helps publishers identify their most valuable content and leverage it to achieve key business goals, such as maximizing subscriptions. Publishers on four continents now use Sophi's AI/ML technology to power paywall decisions, website automation and print automation.

Sophi's automated print laydown solution, which powers Naviga Publisher, earned an honourable mention in the Best Product and Tech Innovation category. An INMA judge commented: "Sophi – as the first of its kind – is a great example of an automated print laydown solution. Amazing to see that the work of the editor is reduced only to the selection of the content. The automation of up to 80% of newspapers' editorial pages could be a game–changer of the print industry.”

Last year, Sophi also won the Online Journalism Award (OJA) for Technical Innovation in the Service of Digital Journalism, handed out by the Online News Association (ONA), and both the World Digital Media Award and the North American Digital Media Award awarded by The World Association of News Publishers (WAN–IFRA) in the category of Best Digital News Start–up.

About Sophi.io
Sophi.io (https://www.sophi.io) was developed by The Globe and Mail to help content publishers make important strategic and tactical decisions. It is a suite of AI and ML–powered optimization and prediction tools that includes Sophi Site Automation and Sophi Dynamic Paywall as well as Sophi Analytics, a decision–support system for content publishers. Sophi is designed to improve the metrics that matter most to your business, such as subscriber retention and acquisition, engagement, recency, frequency and volume.


GLOBENEWSWIRE (Distribution ID 8249606)