Business Innovator Awards 2017

14 Corporate Vision / Business Innovator Awards 2017 , The BluFX solution has allowed a truly global talent pool of potential star traders to receive funding and access to the OTC (over-the-counter) FX market via a transparent and cost-effective fund allocation process. The company has invested in cutting edge trading technology utilizing a superior algorithmic risk matrix as well as assembling a team of market and risk professionals based in London to oversee the global enterprise. Outside the specialized quant based FX operation, todays trading firms operate in the arenas of the exchange traded futures and OTC FX markets where proprietary trading has exploded since its inception in the 70s. These firms are typically formed by an ex institutional trader and funded by one main investor or backer, they employed individuals to trade on the firms behalf. Best Proprietary Trading Solution 2017 BluFX is a revolutionary proprietary trading solution developed by Blueprint Capital Ltd, providing retail and professional FX traders with financial backing. Yu Song talks us through the firmand its latest innovation, the BluFX Institutional-class trade platform. Company: Blueprint Capital Email: [email protected] Address: 30 Crown Place, Earl Street, London, United Kingdom, EC2A 4EB, UK Phone: +44(0)207 965 2416 Website: https://blufx.co.uk/ As the firms own money was on the line, these operations invested in educating and nurturing their traders. They had a vested interest in the development of trading skills. These types of prop firms have a wide variety of revenue share and remuneration models. Generally speaking, the traders are independent contractors and are happy to shed the corporate constraints of institutional trading in return for funding. Song outlines how the firms innovative and revolutionary solution has helped to change this market for the better. “The innovation that BluFX has brought to this industry is truly revolutionary, and allows a variety of customers to be accommodated globally with personal risk relegated to an internal algorithmic risk management process. Today our BluFX platform provides funding and trading facilities to a wide range of trading customer types, from near beginners to established fund managers and trading team leaders.” “By employing highly developed algorithms and data focused risk management models, ongoing investment in the latest technology has allowed our dedicated team of developers to manage systemic and event risk across global FX markets allowing a huge increase in the numbers of traders managed on our global platform.” The firms investment in technology is not limited to risk management and is evident in the efficiency of its communication platform used globally by its trader community. This technology allows all its traders to share trades, concepts, ideas and reports in real time across all national and time zone boundaries seamlessly. In this way, individual decision points, data, statistics and market information are turned into collective strengths and strategic advantages for the whole company, as Song emphasises. “One of the greatest advantages offered by the BluFX solution over existing models is the transparency of its trader performance assessment, asset allocation and funding decisions. As BluFX end users come from a variety of backgrounds with the most common being graduates, ex bank dealers and committed retail customers seeking a more robust career, it has been a challenge to develop technology that adapts to the common benefit.” “One of the areas that BluFX invests a lot of its resources into is in algorithm driven trader performance metrics and adaptive training techniques. BluFX customers generate vast amounts of useful behavioral financial data and the team are fully invested in mining this resource and presenting new ways of measuring and improving individual performance. Using its AI based market models, customers are guided towards more efficient asset allocation processes and implementation.” Looking ahead, as BluFX continues to expand its customer base and product suite, recognition of its pioneer status is increasingly welcome and the awards which the firm continue to collect are in turn attributed to its staff and management equally.