Algo Rythms produces immediate and actionable Forex signals based on 100 intricate scenarios for over 30 currencies.
Barcelona, September 28th 2015 – FXStreet announces the launch of Algo Rythms, an innovative and exclusive signal-based news feed for over 30 currency pairs, developed in collaboration with the award-winning FinTech start-up Qubitia Solutions.
Working to the strictest CMT guidelines, FXStreet has composed around 100 intricate market scenario signals and applied them over 30 currency pairs. That represents a total of 3000 strategies running at the same time. When a specific technical set-up is found, a signal is created and thoroughly backtested to ensure that each alert hits the right note at the right time.
Once a signal is triggered on Qubitia’s Qcaid platform, an automated text specific to the market scenario is generated in 17 languages and posted into FXStreet’s news feeds, alerting readers of the underlying trend change in the market. They are immediate and actionable alerts for the Forex Traders.
Gus Farrow from FXStreet, one of the developers of the feed, explained how this project emerged: “At times they might feel chaotic and hard to follow, but markets always follow a rhythm. The trick is to know what to watch for. Being a 24/5 news service, we know all too well how difficult it is to follow everything at once, so we started to explore ways to shine light on this blind spot.”
“Our ambition does not end here. Working closely with Qubitia, we plan to continuously add hundreds of new signals, markets and asset classes and will expand into inter market analysis and index construction too,” added Gonçalo Moreira, CMT and Research Expert at FXStreet and co-developer of the new service.
Carolina May, CEO of FXStreet said: “With FXStreet’s news team Twitter account ranked number 1 for FX by Bloomberg we only ever consider the very best upgrades to our news service as acceptable. We are confident Algo Rythms will improve our news feed by giving traders unique insights.”
Algo Rythms is part of FXStreet’s news feed. FXStreet readers can already find them on the website, under the “News” section. Companies interested in adding FXStreet news feed, that includes Algo Rythms at no extra cost, to their website can contact FXStreet’s Sales department at [email protected].
Founded in 2011, Qubitia Solutions is an awarded IT company focused on developing software for capital markets. The company is based in Pontevedra, Spain and has a sales office in London. Qubitia has broad experience in trading platforms and market connectivity, and is working with leading brokers and exchanges worldwide.
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Notes to Editors
FXStreet was founded in January 2000. As its distinctive trademark, the website has always been proud of its unyielding commitment to provide objective and unbiased information and to enable its users to take better and more confident decisions. On the website, the real-time quotes, news, newsletters and interactive chats with experts from all over the world are among the most well-received content. FXStreet has managed to gain the collaboration of the entire Forex industry, from professional individuals and small companies right up to Forex Brokers and Investment Banks. Besides the main website in English, the website is available in 16 other languages.
In 2014, the FXStreet sites reached more than 139,000,000 pageviews. The English website received the largest percentage of the traffic with more than 120,000,000 pageviews and about 6,000,000 users.
FXStreet was short listed as “Best e-FX initiative of the year (vendor)” for the FX Week e-FX Awards 2010, won TraderPlanet’s STAR Awards 2013 for its Economic Calendar and ForexMagnates’ Best Educational Tool Award 2014 for its Learning Center.
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