The Platform
The Advantages
About FX Bridge Technologies
FX Bridge started in the late 1999 to automate a foreign currency trading firm. Options had long been available in the commodity worlds, but Options on forex had been limited to small boutique exchanges with minimal liquidity or expensive options pricing software impractical to promote on a large scale. Forex trading was just taking hold, but there were no options.
FX Bridge had the only software available, but its implementation on Microsoft Excel was too limiting. Building an internet enabled quoting, order execution and reporting platform, built to the exacting specifications of the forex dealer, with all the facilities and features available on exchange traded options was born.
To understand the impact of options in the marketplace, a little history lesson is needed.
In the late 1960s, as exchange volume for commodities began to shrink, the Chicago Board of Trade (CBOT) explored opportunities for diversification into the options market. Joseph W. Sullivan, Vice President of Planning for the CBOT, studied the over-the-counter option market and concluded that two key ingredients for success were missing. First, Sullivan believed that existing options had too many variables. To correct this, he proposed standardizing the strike price, expiration, size, and other relevant contract terms. Second, Sullivan recommended the creation of an intermediary to issue contracts and guarantee settlement and performance. This intermediary is now known as the Options Clearing Corporation.
To say this was a success, is an understatement. Consider the following milestones:
100,000,000 options traded in 1984 at the CBOE
200,000,000 options traded in 1998 at the CBOE
300,000,000 options traded in 2000 at the CBOE
468,249,301 options traded in 2005 - notional value: over $12 Trillion
It's an impressive number of options traded at one
exchange. Now consider the Forex market.
As Forex for the retail investor has skyrocketed over the past decade,
the margins for spot trading have begun to decline. Just like stock commissions
and spreads vanishing with the introduction of on-line trading, so goes
the model in Forex. Like the equities market participants found out, the
Forex dealers will need to produce revenue from new source if they are
to stay in business. Options have that kind of potential.
With this opportunity in mind, FX Bridge focused its efforts on an integrated platform to meet the specific sales and business functions of different levels of managment: the Dealer, the Introducing Broker. At the same time, we built in best-practices for compliance and financial manageability to protect the integrity of each of the levels of management. Finally, we made reporting a joy rather than a chore. Each of our reports are intuitive, understandable, and logically arranged to provide the information to the source that needs it. All summarized data can be expanded into detail by simple pointing and clicking of a mouse.
The result is that to date, Billions and Billions of dollars have been processed via FX Bridge electronic trading platform. And just as important, our clients have generated millions and millions of dollars in revenue. Call today to schedule an appointment.
Information
Listen to the Real Story
A
concise, narrated description of some of the key components and functions.
for Forex, CFDs, and Options.
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