In September of 2016, TradeX Markets, a privately-held brokerage firm focused on Canadian crude oil, and Atlas Petroleum Markets Canada, a subsidiary of Axiom Commodity Group, merged to provide customers with crude oil brokerage services across the North American market.
For Brad Hrycenko, President and COO of TradeX, utilizing innovative technology, was the key to building a future proof platform and creating a reliable way to connect their brokerage desks across North America. The firm chose Cloud9 Technologies to manage its communication networks and enhance its current voice brokerage business.
To enable to efficient flow of communication, TradeX made the choice to remove their legacy turrets. By using Cloud9 and the Cloud9 Gateway they were able to:
- Save money by replacing all trading turrets at both firms.
- Achieve interoperability between existing trader voice circuits and Cloud9 users.
- Enable brokers to connect to Cloud9 securely, regardless of location.
Cloud9 ensures the best connection between our brokers and traders without the costly infrastructure usually associated with traditional voice trading turrets.
Turrets replaced on TradeX and Atlas Petroleum Markets Canada floors.
< 1 minute
Time it takes to install Cloud9.
Number of lines bridged between Calgary and North America, enabling real-time communication.