Spotware Adds Further Product to cTrader Range – Open API Hits The Market

Far from resting on its laurels after two of the company’s senior executives being presented with Person of the Year awards by FXStreet, FX Platform developer Spotware Systems has added to its product range which at present includes cTrader and cAlgo. The company has released details about its upcoming open API called Spotware Connect. The […]

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Far from resting on its laurels after two of the company’s senior executives being presented with Person of the Year awards by FXStreet, FX Platform developer Spotware Systems has added to its product range which at present includes cTrader and cAlgo. The company has released details about its upcoming open API called Spotware Connect.

The project will help third-party application developers easily build their own cTrader systems, and integrate existing FX related products into the cTrader platform.

cTrader_powered_by_Spotware-1

Brian Martin, Vice President EMEA at Spotware Systems,said that the open API will allow for the creation and access of API capabilities as they are added. “We know that, just like any other software business, we need to be open to third-party integrations. There will be certain times at which users may want extra platform or analytic functionality, and Spotware Connect is about putting that power in their hands.”

“We had 3 main principles in mind when we started this project. The first was that it should be open to absolutely everybody. You don’t need to be a customer of a broker or anything like that. Secondly, we’ve made it extremely simple to start using, as we want to encourage people to really get going with this.”

Finally, says Mr. Martin, once you do get going, Spotware Connect is relatively simple for even novices to grasp. “That was the point really, to make it as simple and user-friendly as a third-party developer application can be.”

FX platforms and third party plugins have been making FX news recently, with platform developers and third party technology providers often in disagreement over the legality of plugins and platform modifications.

Stefanos Economides at Spotware Systems said that the company wanted to avoid such misunderstandings. “Our terms of service will as open as possible to encourage use. The important emphasis we want to place on this is that for the first time, a genuine direct-access FX platform will be opened up to creativity, experimentation and new possibilities for the people who care most about FX trading.”

Spotware has not been shy of attracting media attention during the first quarter of 2013, not just by winning awards from news channels, but also on a light-hearted note by creating its own version of the internet craze The Harlem Shake. The Cypriot firm views this as an innovative means of attracting attention in an otherwise serious world of software development.

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3 Comments

  1. Michael D

    Great idea guys. It is good to see someone realising the importance that third party developers play in developing the adoption of a platform.

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  2. Jon

    I agree that being clear about the do’s and don’ts to integrating additional functionality with software is a good thing. Spotware just needs to ensure that users have the ability to check their version of software to see if it has been corrupted or is a licensed copy of the trading platform. Brokers may have a problem with hacked versions of the front end placing off-quote orders?

    Will spotware be hosting any type of contests? like automated trading contests or the like?

    Metaquotes can take a chapter or two from this book.

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  3. Ilya Holeu / Spotware Systems (cTrader)

    Hi Jon,

    Our suite is fully hosted at Equinix i.e. its what we call a ‘PaaS’, therefore we administer it – which basically eliminates any issues of versions etc. In the events of updates: (1) there is backwards compatibility (2) all interested parties receive timely release notes, months before the update.

    I’m sure that there will be contests from some of our clients, once our partners that are currently integrating with us announce finalised integrations.

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