A leading forex signal manufacturer, which has been under fire for its high trading volumes, has said it could be worth more than $10 billion.
Chris Terry, the chief executive of the Forex Signal Factory, said it has been valued at about $1 billion since its launch in late 2018.
“The volume has been high, and we have seen some price action,” he told reporters in Sydney.
“It’s clear the price action has been going in the right direction.”
But we do think there is some risk and we will be assessing the situation as we go forward.
“Terry said the factory could be a “good fit” for a hedge fund.”
We’ve built a very good relationship with a very large group of investors,” he said.”
They are the people who have been following us for years, so they know our product and know our process and have a lot of experience in forex.
“So we have a good relationship and we are confident that if we can make a few of them happy with our product, we can potentially build a big business.”
Terrie is a former hedge fund manager who made his fortune in the financial services sector.
He left that to run a hedge-fund, but he has also had stints in private equity and investment banking.
Terry’s firm has attracted attention for its unusual trading practices, such as sending a warning signal to a trader when it is likely to cause them to make a profit.
The Forex signal Factory has become a major player in the forex trading space and its sales have soared in the past year.
Its prices have also risen.
“What you see here is the kind of trading that a hedge would have to have to do,” Terry said.
“You need to have a very big team of traders.”
Terrier said the Forevents signal factory is expected to be a success.
“If we can continue to grow and we can grow more rapidly than we have, we will probably see a significant increase in our trading volume in the future,” he added.
“There’s no reason that we can’t have that.”
Terries company has attracted more than 100 investors, many of them from overseas.
The forex signals manufacturing facility is expected be able to produce enough signals to send out at least 500,000 signals a day.