Juno Markets, a recently established New Zealand headquartered and Asia focused global brokerage, is forging another strategic partnership, joining forces with Danish technology firm, Pipnotic, to allow clients access to proprietary price action and relative currency strength tools and analyses.
Pipnotic develops price action and currency strength software for the MetaTrader platform, intended to aid forex traders in deciding which currency pairs to trade, how and when by identifying price sensitive levels of support and resistance.
As part of the deal, Juno Markets’ customers will benefit from favourable terms when signing up to Pipnotic, and will be able to access Pipnotic’s written research and online webinars through the Juno Markets website.
For Pipnotic, the deal allows the company to gain access and increased exposure to the Asian market.
Commenting on the new partnership, Morten Fillipsen, co-CEO of Juno Markets, said: “Our clients and money managers are typically very focused on technical analysis, and by partnering with Pipnotic we are now giving them a very exciting new tool to identify and profit from movements in relative currency strength.”
In a statement, CEO of Pipnotic, Sarid Harper, commented on the partnership: “We have taken some complex topics and simplified them, and built a trading model that can be used standalone or incorporated into existing trading models. Partnering with Juno Markets, who focuses on delivering a great trading environment to their clients, will enable us to bring this simplified approach to trading currencies, to Asia.”
This is the second strategic partnership announcement coming out of Juno Markets in the last two months, which is testament to its strategy of partnering with technology providers to enhance their offering to traders. In July, the company announced a strategic partnership with Tradeworks, giving its clients free access to Tradework’s online solution for building, testing and automating FX trading strategies.
(Photo: Juno Markets)