JDFX Releases ITP (Institutional Trading Platform) Beta version.
Press Release: Zurich, November 26th 2007
JDFX consists of a group of Swiss based companies that provide innovative hardware, software, and connectivity to the professional FX trading community. The JDFX group also has Fund and Fund Management holdings offshore.
"JDFX releases beta version of ITP for both live and demo accounts."
ITP is the JDFX front-end FX trading platform. It is specifically aimed at the professional trader who seeks to eliminate brokers, ECN's, or any other middlemen who seek to profit by interceding between the source of liquidity and their FX transaction.
ITP represents a change in the FX market for brokers, corporations, funds, and small to medium size banks. It has the potential to save its users millions every year with its competitive best-price direct to bank execution model.
The front-end java-based FX trading platform can be used via the internet anywhere in the world to deal on major currencies and acts as an FX exchange mechanism by passing every deal with full transparency directly to the major banks. Transparency continues as after execution the trades are routed back the clients own account via a reverse give-up between prime brokers.
On the back-end ITP is connected to the JDFX Core. The JDFX Core is the powerful best-price execution and routing system that feeds the entire suite of JDFX products and solutions. The Core has the ability to execute over 1000 trades a second and display over a quarter of a million rates per minute and uses a triple match system, which only allows execution after comparing the price with at least two other rates so that off-market trades are not attempted. Additional protection is provided by assigning each incoming rate a "time to live" status, which prevents older rates being accessed at slower times of day.
ITP is also a module of the Kontrol product. Kontrol is the JDFX flagship risk management product. Any number of ITP modules can be managed via Kontrol, allowing an entity (for example a fund with multiple CTA's) to identify, manage, and control risk accurately, reliably, and in real time.
For more information on JDFX products please contact us at +41 43 443 6900 or visit us online at www.jdfx.com
