Netpicks Forex and CoesFx in partnership for FX trade
The two firms will formally launch the new foreign exchange offering at the Chicago Online Traders Expo, beginning on Friday, July 15.
NetPicks clients trading on CoesFx will have access to live executable prices, which, in effect, makes each participant their own market maker.
CoesFx fits with NetPicks’ autotrade program, enabling automatic execution of the NetPicks strategy, on behalf of the subscriber.
“The NetPicks relationship with CoesFx represents the next evolution in forex trading, removing the trading desk bias and going to a strictly electronic market-place,” said Anthony Trister, director of business development, NetPicks Forex. Trister added that this partnership “levels the playing field” for all traders and brings forex executions up to the same standards traders have been benefiting from in the stock and futures markets.
In May, CoesFx formed an alliance with technology vendor AbleSys Corporation, giving foreign exchange traders access to trading signals to help improve their decision-making (FX Week, May 2).
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