Business
Global Profit Technologies, Inc. Announces Creation Of World's First Fully Automated Forex Trading Platform And Exclusive Licensing/Strategic Partnership With Automata FX
Global Profit Technologies, Inc. Announces Creation Of World's First Fully Automated Forex Trading Platform And Exclusive Licensing/Strategic Partnership With Automata FX.
About this update from Global Profit Technologies, Inc.
[{"type":"text","content":"\n\n\n\nGlobal Profit Technologies, Inc. Announces Creation Of World's First Fully Automated Forex Trading Platform And Exclusive Licensing/Strategic Partnership With Automata FX\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGlobal Profit Technologies, Inc. Announces Creation Of World's First Fully Automated Forex Trading Platform And Exclusive Licensing/Strategic Partnership With Automata FX\nPR Newswire\nSCOTTSDALE, Ariz., Oct. 22, 2015\n\n\n\nSCOTTSDALE, Ariz., Oct. 22, 2015 /PRNewswire/ -- Global Profit Technologies, Inc., (OTC: GLPT), developer of \"4X-DAT™\", a unique, sophisticated and fully automated, algorithmic, Forex trading software, announced today that the company has developed what the company believes is the World's first fully automated, algorithmic-driven trading platform. The platform has been developed using much of the same trading logic developed for the 4X-DAT™, however, rather than operate as a software \"plug-in\" to trade a client's brokerage account through other third party trading platforms, the new platform will now be able to execute trades on its own. GLPT has selected Automata FX, Ltd. as its brokerage of choice to offer the new platform and the two companies have formed a strategic partnership. GLPT cites recent fluctuations in margin policies implemented by primarily U.S. based Forex brokers as a major factor in its decision to develop the partnership with Automata FX, Ltd., an offshore brokerage. GLPT sought the partnership, rather than simply integrating with the brokerage, as a means to develop assurances that its proprietary trading algorithms would operate within a uniform and predictable trading environment, and notes other advantages to the structure of this deal. \n\n\"We have a tremendous opportunity here, to advance the interests of both companies,\" said Joseph Nemeth, CEO & Chief Software Architect of Global Profit Technologies. \"Automata FX will now have a unique offering through an exclusive licensing of our automated platform, which will position it as a very attractive option for an ever growing m...