Boston Prime Partners with Tradency to Offer Mirror TraderTM to its FX Prime Brokerage Customers

By Roger Baettig | August 01 2012 3:43 AM

More and more software/technology cooperations are being announced lately as one of the ways to grow in this tough market and reach brokers is by partnering with other firms. cTrader/Spotware and Divisa /TradeSpotFX have recently partnered in a very similar way while most of the firms in the market realize that operating alone is no longer a viable option. We will see several more such announcements in the coming months.

Boston Prime, a leading FSA-registered and regulated FX prime brokerage, is pleased to announce that it has partnered with Tradency, the developer of Mirror TraderTM, to offer advanced trading technology to Boston Prime's FX prime brokerage customer base.

Mirror Trader is a comprehensive trading platform, providing traders and brokers with unique tools for Trading by KnowledgeTM including live signals, sentiment, market charts, oscillators, chart studies and social trading abilities. Mirror Trader gives traders and brokers a distinct competitive advantage by providing access to a knowledge database of a wide range of trading strategies.

Boston Prime is committed to providing technology to forex brokerages that improve profitability and risk-management capabilities. FX prime brokerage customers currently benefit from a free MT4 bridge to Boston Prime's proprietary liquidity aggregation system, hosted in an ultra-low-latency environment at the Equinix (NASDAQ: EQIX) NY4 datacenter, with direct cross-connects to the world's leading FX banks and ECNs.

"Our number one objective is to help our forex brokerage customers to be more successful. Mirror Trader offers tools that allow traders to improve their performance, which leads to increased trading volumes." said Mitch Eaglstein, Managing Director of Boston Prime.

"Our partnership with Boston Prime will help us to further spread our "Trade-by-Knowledge" approach. Together we'll enable Boston Prime's clients to enjoy the vast advantages the Mirror Trader platform has to offer, led by lowering broker's acquisition cost and increasing conversion and volume levels. " says Oz Golan, Director of Sales at Tradency. "Since Mirror Trader is a user friendly trading platform, it wraps users with the knowledge of experienced traders, boosting their trading confidence. This is why Mirror Trader traders start trading faster and stay traders longer".

About Boston Prime

Boston Prime provides institutional-class liquidity from the world's top-tier liquidity providers via its proprietary BBO (Best Bid/Best Offer) liquidity aggregation system. Banks, brokerages, and Investment Managers can all benefit from a turnkey full-service offering, with up to 100:1 leverage and no volume minimums. Boston Prime offers tailored liquidity streams, free MT4 liquidity bridges and FIX API access along with an array of reporting and automated risk management tools. Over 245 total currency pairs are available along with over 19 different CFD and precious metals trading instruments, with up to 12 levels of liquidity. Boston Prime is headquartered in London.

Learn more about Boston Prime and view its real-time price feed at www.bostonprime.co.uk.

About Tradency

Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. 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 and develop its services, reinforcing its reputation as the creator of cutting-edge industry practice. www.tradency.com