Sunday 27 May 2018

ADS launches multi-asset trading platform

Abu Dhabi, November 24, 2013

ADS Securities, the Middle East's leading forex brokerage and one of the fastest growing FX trading companies globally, has announced the launch of its new multi-asset online trading platform.

Orex Optim is the first proprietary online trading platform to be commissioned and developed from the Middle East. It represents a multi-million dollar investment in technology which will be accessed by investors from around the world.

Philippe Ghanem, managing director and vice-chairman of ADS Securities, said: "For many years the development of trading technology has been led by the main financial markets, but this is changing. Abu Dhabi has established itself as an important financial hub linking the markets to the east with those in the west. To support this trading highway we have invested in proprietary new generation technology which will give traders a market leading platform."

"Bringing a new platform online can only be achieved after many years of hard work, and it is the starting point for a lot of future work. We have developed a high frequency low latency multi-asset trading platform which offers real advantages to our clients. The development of Orex Optim is an indication of the scale of financial infrastructure investment which is now coming from new and emerging markets,” he added.

ADS Securities partnered with blue-chip technology providers and put in place a team of in-house IT specialists, all from tier-1 banks, to develop the platform.

"The new platform started trading in May this year and we have completed six months of testing and a soft launch with key clients. The results have been extremely positive and we are now delighted that we will be able to offer this new resource to all our institutional clients, Ghanem continued.

“We will be bringing on new versions of the platform including Orex Prime for professional traders early in the New Year. Currency markets are extremely dynamic and we are seeing investors looking at many opportunities including moving into new currencies such as the renminbi.”

Andrew Rossiter, ADS Security CTO, who heads up the Orex Optim team, said: "Advances in technology, predominately driven by the order based (equity) markets are now being adopted by the quote (OTC) market which is changing the operational structure and functionality of FX platforms.

“Our new generation platform provides a low latency solution with better fill, tighter spreads and low rejection rates which is what clients are looking for. Today we are launching the FIX API versions of Orex Optim which will be of great interest to institutional traders from tier 2 banks through to asset managers and hedge funds." – TradeArabia News Service

Tags: abu dhabi | forex | online trading | ADS Securities |

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