Spotware's cMirror Goes Live Offering More Copy Trading Options for Supporting Brokers

Spotware Systems Ltd, the developer behind the cTrader and cAlgo platforms, announced today that its copy Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term “cMirror” has now gone live. The offering was launched back in June 2013, but until today traders were only capable of using the cMirror in demo mode. cMirror will be supplied to all the developer's clients at no additional cost to brokers.

This is not the first copy trading platform available for users of cTrader, as the developer of Mirror Trader, Tradency, has been in collaboration with Spotware since July 2014 to jointly run an integrated solution including front-end and back-end technology. However, the field of copy trading is apparently too important to leave to integration with 3rd parties in the eyes of the firm.

Mr. Ilya Holeu, Managing Director at Spotware Systems, stated: “This was a daunting task from the beginning but our teams strongly believed in it from the get­ go. cMirror adds another angle to our product suite, expanding our range of products into areas that are in ­demand from traders around the world today. Mirror ­trading is one of those key areas and cMirror is hands down the most feature ­equipped platform out there with unmatched Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, low ­latency execution, analytics and above all, ease of use.”

All traders with a cTrader account can now also use cMirror to become a Signal Provider themselves and profit from other traders who follow their signal, or simply choose and follow other Signal Providers from a list of strategies, sorted by profitability and other variables. Users also have tools for risk management when mirroring a strategy.

Spotware says that for the past year the platform has been thoroughly tested by engineers to ensure the product meets their expectation. “I can't thank our dedicated users and my team enough,” commented Alex Katsaros, Product manager for cMirror. "The feedback we got from our demo users really helped define this product into what we strongly believe is the best mirror­ trading platform out there."

Mr.Katsaros added: “All cTrader ­enabled brokers are co-­hosted on Spotware’s IBM cloud in Equinix, this allows cMirror to perform with the same ultra­fast execution speeds and low latencies that have become the staple of our cTrader Suite. It also allows cTrader users from different brokers to mirror or provide signals to each other.”

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