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TMCNet:  Tradency Adds CFD to Mirror Trader

[December 20, 2012]

Tradency Adds CFD to Mirror Trader

Dec 20, 2012 (Close-Up Media via COMTEX) -- Tradency, originator of the Mirror Trading concept and developer of the Forex trading platform - Mirror Trader; announced the adding of CFD to its offering.

According to a release, Mirror Trader offers S&P 500, crude oil, equities, commodities, indices, energy, gold and silver futures.

Oz Golan, Sales Director, Tradency, said: "brokers can now offer Mirror Trader to their entire client base, Forex and CFD traders alike. During the last year we've seen how by using the Mirror Trader platform, brokers succeeds in reactivating live funded accounts that do not actively trade or do trade very rarely. This newly activated accounts increase the brokers trading volume per trader significantly. And this is why we've expanded our platform to include CFD trading as well." Terry Thompson, President, FXPrimus, a provider of Mirror Trading technology, said: "we are extremely pleased to be the first international broker to offer CFD Mirror Trading. We are certain that by introducing our entire client base to the Mirror Trader platform, we will benefit both our existing Forex traders and the newly introduced CFD traders. I also believe that by doing so we will enrich our traders trading experience and strengthen even further the FXPrimus brand." ((Comments on this story may be sent to HEADLINE -Echelon to Power Cemig Pilot in the Sete Lagoas Region Echelon Corp., a provider of energy control networking for the smart grid, announced a 1,500 unit pilot in Brazil through its partner ELO at Cemig's City of the Future project in the Sete Lagoas region.

According to a release, Echelon is providing smart metering sub-systems to ELO.

Cemig's City of the Future project is designed to assess the capability and benefits of the adoption of a Smart Grid for future deployment. Its primary goals are to motivate customer engagement through meter installation, workshops, and monitoring and to validate new services, assess benefits, and improve operational efficiency for metering infrastructure and distribution automation.

The Sete Lagoas region includes 95,000 residential, commercial, and industrial customers. Sete Lagoas was chosen because it includes a range of old and new infrastructure within high, medium and low voltage, telecommunications systems, offering a heterogeneous network, economic profile, and range of applications.

"With strong fundamental economic drivers, the Brazilian market represents a large and attractive opportunity and we're pleased to show successful trials through our partner ELO," said Ron Sege, chairman and CEO of Echelon. "We are successfully targeting growing markets, applying our power line communication and Control Operating System (COS) software and laying the groundwork for a multi-application edge-of-the-grid solution with high profile local partners such as ELO." This past August, Brazil's National Agency of Electrical Energy, ANEEL, announced regulations regarding the deployment of smart meters throughout Brazil. These new regulations require all new meter installations to be smart meters by early 2014, but they do not require the replacement of existing legacy meters.

The Company said while this reduces the overall Brazil market size from previous estimates by approximately 25 percent to $28 billion per Northeast Research, it clarifies the process and provides a timeline and specifications so that utilities have a path for investment.

"The Brazilian market is very large and it is now prepared to make the bold steps toward modernization and creating a truly smart grid," said Marcos Rizzo, vice president of Business Development of ELO. "We believe that basing our smart meter on the industry standard Open Smart Grid Protocol and our system solution on Echelon technology enables us to uniquely deliver improved quality of service, reduce peak demand and operational costs, and protect revenue for our customers." Echelon Corp. is an energy control networking company.

The Open Smart Grid Protocol is a family of specifications published by the European Telecommunications Standards Institute used in conjunction with the ISO/IEC 14908 control networking standard for smart grid applications.

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