Institutional Execution

ECN Execution Platform

Aggregate liquidity, control order flow and execute through one institutional operating layer.

Fortex connects institutional participants to configurable aggregation, routing, risk and distribution capabilities without separating execution from operational control.

ECN execution flow
01
VenuesBanks · ECNs · price feeds
02
AggregateNormalize · book · price
03
ControlRoute · match · hedge · risk
04
DistributeAPIs · terminals · clients
Multi-assetStraight-throughReal-time controls

Institutional evaluation

A controlled path from architecture review to production acceptance

Use this framework to structure technical due diligence. It identifies the decisions and evidence to request; it does not represent a completed certification or customer outcome.

01

Architecture review

Define participants, venues, interfaces, trust boundaries and operating constraints.

Gate: agreed target architecture
02

Controlled validation

Test representative flows, failure modes, observability and operational controls in a bounded environment.

Gate: documented validation results
03

Production acceptance

Confirm ownership, service objectives, change controls, evidence retention and rollback readiness.

Gate: signed acceptance criteria

Decision criteria

What an institutional review should verify

Decision areaReview questionEvidence to request
Liquidity and routingHow are sources normalized, ranked and routed under normal and stressed conditions?Venue map, routing policy, replayable test cases and exception logs.
Execution controlsWhich pre-trade, credit and operational controls apply at each boundary?Control matrix, limit configuration, permission model and escalation runbook.
Performance scopeWhich latency and capacity measurements represent the intended network path?Timestamp methodology, percentile results, load profile and deployment topology.
$50B
Daily currency volume
20M+
Orders processed daily
sub-1ms
Round-trip execution
500+
Liquidity providers
30yrs
Building for institutions
“The Fortex ECN platform and Bridge OMX have enabled our trades to be processed faster, cleaner, and in sizes and numbers that far exceed any other platform I have used.”
Anthony BroccoFounder and Executive Chairman, Advanced Markets

How Fortex Works

Designed for high-frequency, low-latency performance, Fortex is optimized for buy-side and sell-side institutions, including traders, banks, broker-dealers, prime brokers, and money managers.

The Fortex ECN platform lives in our dedicated facility at Equinix NY4, LD4 and HK1, where it directly aggregates Tier 1 liquidity from all major money center banks and venues. So you get real-time, direct access to interbank pricing with sub-1ms round-trip trade times.

XBook ECN

The powerful Fortex XBook matching engine works as an ECN, representing each trader's order in the interbank market to match with the best liquidity available. Fortex has access to several superior liquidity sources that are not available to the public market. Our unique algorithm can find this hidden liquidity, enabling traders to improve pricing on large orders.

XCloud

Liquidity providers cross-connect to the Fortex XCloud server grid through dedicated dark fiber. Fortex XCloud eliminates the need for you to use the Internet, reducing round-trip trade time to sub-1ms with 480-Gbps throughput.

Bridge OMX

Fortex Bridge OMX is middleware that integrates the MetaTrader trading system with the Fortex platform for unifying global execution venues and aggregating segmented liquidity pools.

Fortex 6

Fortex 6 for desktop, web, and mobile trading puts the power of the Fortex platform in traders' hands. It includes the AlgoX algorithmic trading engine for scripting your own automated trading strategies.

Fortex APIs

We strongly advocate system interoperability and interconnectivity. Hundreds of institutional clients use our FIX 4.4 API for trading. A web API supports integration with back-office systems for reporting, data mining, and business intelligence.

XForce E-trading Platform

XForce e-trading platform is the world's leading multi-asset e-trading platform that is neutral and open. It provides advanced trading functions and management features, including quote access, liquidity management and aggregation, risk management, business intelligence analysis, and other functions.

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Fortex Features

Direct Access to Tier 1 Liquidity

The Fortex ECN platform offers direct access to Tier 1 liquidity from all major money center banks. Gain instant, low-cost Straight-Through Processing (STP) of your orders at razor-thin spreads, as well as powerful trading features unmatched by any other FX platform on the market. Get real-time executable streaming quotes from 500+ liquidity providers across 80+ global currency pairs and 5,000+ tradable instruments spanning metals, energy, indices, digital assets, equities and futures.

Fortex liquidity providers include money center banks such as Bank of America, Barclays, BNP, Citi, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan Chase, Macquarie, Morgan Stanley, Nomura, and UBS; exchanges such as CME Group; and ECNs such as Currenex, EBS, FXall, and Hotspot FX.

Powerful Trading Infrastructure

Hosted in a dedicated facility at Equinix NY4, LD4, and HK1, the Fortex platform runs on a fully redundant, carrier-class IT infrastructure for always-on availability. Hot-swap features on critical network servers and network infrastructure mean that Fortex is never taken out of service. Full redundancy combined with hot backup in Silicon Valley and a network footprint in Asia make data instantly recoverable if necessary. You get continuous, reliable performance for maximum trading performance.

Fortex enables high-velocity trading with lightning-fast speed. Liquidity providers cross-connect to the Fortex XCloud server grid through dedicated dark fiber. By eliminating Internet transport, Fortex reduces round-trip trade time to sub-1ms with 480-Gbps throughput. We easily process 10k+ of orders concurrently and more than 20 million orders per day.

XBook ECN

The powerful Fortex XBook matching engine works as an ECN, representing each trader's order in the interbank market to match with the best liquidity available. Fortex has access to several superior liquidity sources that are not available to the public market. Our unique algorithm can find this hidden liquidity, enabling traders to improve pricing on large orders.

Artificial intelligence provides Straight-Through Processing (STP) of orders without human intervention for instant, low-cost execution. Fortex STP optimizes trading decisions across all markets by locating maximum liquidity, discovering price improvement, and minimizing market impact.

Risk Management

Easily identify and manage potential risk factors with our industry-leading robust, real-time risk monitoring and management tools. Accurately assess real-time market exposure by firm, trading domain, individual, asset class, currency pairs, or other criteria. Extensive built-in risk alerts and triggers let authorized users control risk thresholds and set systematic measures. Margin calls and margin liquidations are performed automatically. Fortex solutions also help to strictly enforce compliance risk management. You can further customize features to meet specific business practice requirements.

Back Office Support

The Fortex BackOffice web portal simplifies trade processing, settlement, account statements, reporting, regulatory filing, and system administration tasks-bridging the gap between clearing and electronic trading.

Liquidity Providers

The Fortex ECN platform offers direct access to Tier 1 liquidity from all major money center banks. Get real-time executable streaming quotes from 500+ liquidity providers across 80+ global currency pairs and 5,000+ tradable instruments spanning metals, energy, indices, digital assets, equities and futures.

Money Center Banks

Fortex's Tier 1 liquidity provider: Bank of AmericaFortex's Tier 1 liquidity provider: BarclaysFortex's Tier 1 liquidity provider: BNP ParibasFortex's Tier 1 liquidity provider: CITIFortex's Tier 1 liquidity provider: Commerz BankFortex's Tier 1 liquidity provider: Credit SuisseFortex's Tier 1 liquidity provider: Deutsche BankFortex's Tier 1 liquidity provider: Goldman SachsFortex's Tier 1 liquidity provider: JP Morgan ChaseFortex's Tier 1 liquidity provider: MacquarieFortex's Tier 1 liquidity provider: Morgan StanleyFortex's Tier 1 liquidity provider: NomuraFortex's Tier 1 liquidity provider: UBS

Exchanges

Fortex's Tier 1 liquidity provider: CME Group

ECNs

Fortex's Tier 1 liquidity provider: CurrenexFortex's Tier 1 liquidity provider: EBSFortex's Tier 1 liquidity provider: FxallFortex's Tier 1 liquidity provider: KCG Hotspot

ECN Brokers

Fortex's Tier 1 liquidity provider: Advanced MarketsFortex's Tier 1 liquidity provider: StoneXFortex's Tier 1 liquidity provider: tier1fxFortex's Tier 1 liquidity provider: LMAXFortex's Tier 1 liquidity provider: CHFFortex's Tier 1 liquidity provider: FXDDFortex's Tier 1 liquidity provider: PepperstoneFortex's Tier 1 liquidity provider: ISPrimeFortex's Tier 1 liquidity provider: FXCMPro

See it on your flow

Register for a demonstration, or talk to us about a tour and connection.