(PRWEB) December 12, 2013
Armada Markets AS (Armada Markets), a leading ECN Forex and spot metals broker among algorithmic traders today announced that it reached a record trading volume of 12.7 billion USD in November. This follows the 11.4 billion USD trading volume of October.
Armada Markets was founded in 2011 by professional commodities and bond traders Ingmar Mattus, Illimar Mattus and Andres Vahopski. The company has been successful in attracting experienced algorithmic traders due to some of its key advantages which include:
Armada Markets today also announced that in November it successfully completed the migration to its own Armada-labeled Metatrader4 trading platform. The company previously used white-label solutions. The new platform allows Armada Markets to be well prepared for the continuing strong growth of its client base and trading volumes. It will also ease the onboarding of introducing brokers and institutional clients from its key markets in Asia.
Illimar Mattus, Armada Markets CFO said: “We are pleased to see such a strong and consistent growth in 2013 and look forward to 2014 when we estimate to reach monthly trading volume in the range of 25 to 35 billion USD. The launch of Armada-labeled trading platform is an important step to reach this volume target and to continue providing excellent service to our global client base”.
Armada Markets is a leading provider of currency trading services to algorithmic retail and corporate clients in more than 100 countries around the world and is the top choice among professional traders who demand institutional grade FX liquidity and low-latency execution together with the lowest spreads and commissions. Armada Markets is also a liquidity provider to small and medium-sized brokers and institutional clients through the FIX API and binary protocol.
Notes to Media
About Armada Markets
With its headquarters in Tallinn, Estonia, Armada Markets provides online spot Forex trading services to professional retail and institutional clients in more than 100 countries. Armada Markets focuses on providing one of the most competitive spot Forex trading conditions in the world with ultra-low spreads and high quality trade execution. Armada Markets is proud to serve its clients 24/7 in 8 major languages.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for everybody.
For more information please visit http://www.armadamarkets.com or by phone on +372 686 3163.