$10 Million Trading Challenge Underway SYDNEY, Aus

SYDNEY, Australia, Jan. 6, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Direct FX, a leading Forex and CFD provider was selected as a main sponsor for the Quantic Traders Challenge. The Quantic Traders Challenge is a live forex trading competition where traders will compete over 6 months for their share at a $10,000,000 equivalent portfolio allocation. The top trader will receive a $5 million allocation, with $3 million and $2 million respectively going to 2nd and 3rd places. Trading began on January 1st, 2015 and will run through July 1st, 2015. Registration for the competition remains open to new traders and strategies.

Since 2006 Direct FX has been providing forex traders across the globe with direct access to banks and other major liquidity providers through dedicated partnerships.

"We (Direct FX) work extremely hard to ensure we have the best liquidity partnerships in the industry so our traders receive the best execution possible," said Joesph O'Mara, CEO, Direct FX.

Along with Direct FX, Quantic Asset Management, TopTradr, and CQG are main sponsors, each providing key components to the Quantic Traders Challenge.

"CQG is pleased to provide the trading technology for the Quantic Traders Challenge," said Mike Glista, CQG's director of order routing. "We built CQG FX specifically for the Forex trader and we are confident that when competitors put the platform to the test, they will find expectations are met and exceeded."

The Top Tradr score is an advanced scorning matrix developed by top investment bank quants and designed to separate lucky traders from excellent traders.

"TopTradr is very proud to be powering such a large and important trading challenge. In the past, the TopTradr algorithm has discovered some great trading talent from around the world, so we are very excited to be part of a competition of this magnitude. The combination of Quantic, CQG and Direct FX, powered by the TopTradr scoring algorithm, is a perfect match and we are thrilled to be an integral part of something where retail traders have a genuine chance of turning professional," said Francois Nembrini, co-founder of TopTradr.

The competition has drawn the attention from top brokers in the FX space like Compass FX. "What a perfect venue for our traders to test their skills and strategies than a stage like this challenge, said Scott Maddin, founder of Compass FX . We look forward to one of our traders fighting for a spot atop the leader board."

The Challenge is currently underway with hundreds of active traders currently participating. Traders can still take part in this historic event as registration will remain open through the end of January. Traders can register for the Quantic Traders Challenge at DirectFX.com .

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/12/prweb12414226.htm

Direct FX Trent Hoerr +1 (312) 705-9613