Fixi UAE, an independent investment house, and Traders Development, a wholly owned subsidiary of Avalon Capital Holdings Corporation, have entered into a software licensing agreement.
According to Avalon, this agreement will allow Fixi UAE, an online brokerage, to make available TD’s high speed, intuitive Avalon FX Pro 4.1 order-entry trading terminal and mobile trading system to its trading clients.
Fixi UAE will manage its online retail trading business via the Avalon FX Pro Back Office and Avalon Risk Management Systems. The platform designed for Fixi UAE is called ‘FIXI Pro 4.1 powered by Avalon technology’ and it will be targeted to retail clients in the Middle East along with banks seeking white label opportunities, according to Avalon.
The platform will offer trading in foreign exchange, precious metals, spread betting, CFDs, ratios, and custom-built derivatives products including the Fixi precious metals index.
Mitch Eaglstein, COO of Avalon Capital Holding, the parent company of Traders Development, said: We look forward to working closely with FIXI to distribute the FIXI Pro 4.1 Trading Terminal powered by Avalon technology to tens of thousands of traders in the Middle East as they grow their retail customer base. FIXI has proven themselves as one of the best marketers and providers of trading services in our industry. Coupling their marketing and industry expertise with Avalon’s high performance trading technology will optimize the trading experience for FIXI and their clients.