How Multifunctionality is Implemented in TickTrader Trading Platform
- User empowerment made simple
TickTrader, a trading platform from Soft-FX, a brokerage software provider, was created as a multifunctional product.
According to Soft-FX representatives, TickTrader was designed with the needs of a wide range of clients in mind — both experienced traders and investors and those who are just starting their way in the market. Hence, the variety of functions of the trading platform, which we discussed with Soft-FX staff.
Client terminals
“We wanted the end clients to choose for themselves how they want to interact with the platform, depending on their needs and skills,” the developers of Soft-FX commented.
Soft-FX currently offers four versions of client terminals available across three popular platforms.
For instance, the main feature of TickTrader Web Terminal is that it provides access to the trading platform from any device that can open a web browser, without having to install any clients.
TickTrader Mobile Terminal provides access to Forex and exchange trading on-the-go from iOS and Android devices and offers features demanded by ‘mobile’ traders, like the advanced alerting system.
The system helps you flexibly configure various notification options, including time and receiving platforms.
TickTrader Desktop Terminal is the most advanced terminal with high-end functionality and opens access to both marginal and exchange activity.
The developers emphasize that this terminal is perfect for experienced traders, as it opens up the possibility to use expert advisors (or EA) and create custom indicators.
Desktop Terminal also allows users to test custom EA on historical data and run them on client trading accounts.
Trading accounts for different objectives
The developers specifically emphasize that the trading platform supports both spot and exchange operations: “We also have developed special account types for each operation mode”.
Cash account type is used for spot exchange operations.
For margin operations, or operations with leverage, Net and Gross accounts are available.
Net account aggregates all positions opened on a financial instrument are aggregated into one Net position.
For Gross accounts, all positions opened on a financial instrument are separate operations.
Advanced and complex order types
In addition to common order types (market and pending orders, including Stop, Limit, and Stop Limit orders), TickTrader Trading Platform also includes advanced orders that allow experienced users to build more complex trading strategies, like Good Till Cancel, Immediate or Cancel, or One Cancels the Other (OCO) orders.
We asked the developers to elaborate on the principle of Hidden order, one of the most complex, which is presented on the platform.
“Hidden orders are not a full-fledged type of order, it is rather a feature, but an important feature that traders can use as an advantage.
If a trader flags his order as hidden, other traders can't see the order volume in the Depth of Market.
Hidden orders also have a subtype, the so-called Iceberg order, when the Depth of Market displays only a certain proportion of the total order volume.”
API kit
The kit of TickTrader Trading Platform application programming interfaces allows developers to create customizable trading tools and interfaces to use with the TickTrader trading server for no-terminal trading.
TickTrader Trading Platform API kit includes Web REST API, Sockets API, FIX API, SFX and Manager API.
“We made sure that our API kit provides access to a whole range of popular operations, including transactions, secure server connections, asset status monitoring, account balance operations, etc.,” the devs emphasized.
Stock operation features
Soft-FX actively develops the area of stock operations in their brokerage products, an example of which is the introduction of the Stock Events Module for TickTrader platform: “This module allows configuring stock operations on the trading platform depending on corporate actions that occur at a particular point in time.
For example, actions like stock splits may create large gaps on the chart, leading to a false impression of a sharp drop in the price. Based on the chart, technical indicators would give misleading sell signals.”
According to the devs, the Stock Events module is designed to counteract such occurrences: “It allows adjusting data by eliminating gaps arising from events such as splits, dividends, and mergers and acquisitions, enabling your platform to accept adjustments without negative consequences.”
Algo trading options
TickTrader Algo Studio is an advanced platform feature that allows developing and running algorithmic trading systems.
As the developers describe it, “Algo Studio comes with the preset of market-maker algorithms, which provide for administrators an ability to manage price flow, liquidity, or pricing policies for derivative instruments. TickTrader Trading Platform software package also includes a set of trading bots and ready-made algorithmic trading systems ready for use by end clients who want to use Expert Advisors help or create their own bots and run back testing.”
TickTrader Trading Platform is ready for brokerages and digital trading businesses to integrate.
Soft-FX representatives will elaborate on the advantages of their trading platform for administrators and business owners. In the meantime, you can learn more about the solution and ask all your questions to the developers and consultants here:
About Soft-FX
Soft-FX is a fintech development company that provides software and support services to both the financial services industry and digital asset platforms.
Since 2005, Soft-FX has established a multitude of long-term partnerships with Forex and digital currency brokers, blockchain platforms, dealers, banks and funds.
As a provider of cutting-edge technological solutions to the FX and digital currencies industry for over a decade, our highly experienced teams of IT, Legal and Financial professionals ensure all clients have the most comprehensive support during their business development journeys.
TickTrader, a trading platform from Soft-FX, a brokerage software provider, was created as a multifunctional product.
According to Soft-FX representatives, TickTrader was designed with the needs of a wide range of clients in mind — both experienced traders and investors and those who are just starting their way in the market. Hence, the variety of functions of the trading platform, which we discussed with Soft-FX staff.
Client terminals
“We wanted the end clients to choose for themselves how they want to interact with the platform, depending on their needs and skills,” the developers of Soft-FX commented.
Soft-FX currently offers four versions of client terminals available across three popular platforms.
For instance, the main feature of TickTrader Web Terminal is that it provides access to the trading platform from any device that can open a web browser, without having to install any clients.
TickTrader Mobile Terminal provides access to Forex and exchange trading on-the-go from iOS and Android devices and offers features demanded by ‘mobile’ traders, like the advanced alerting system.
The system helps you flexibly configure various notification options, including time and receiving platforms.
TickTrader Desktop Terminal is the most advanced terminal with high-end functionality and opens access to both marginal and exchange activity.
The developers emphasize that this terminal is perfect for experienced traders, as it opens up the possibility to use expert advisors (or EA) and create custom indicators.
Desktop Terminal also allows users to test custom EA on historical data and run them on client trading accounts.
Trading accounts for different objectives
The developers specifically emphasize that the trading platform supports both spot and exchange operations: “We also have developed special account types for each operation mode”.
Cash account type is used for spot exchange operations.
For margin operations, or operations with leverage, Net and Gross accounts are available.
Net account aggregates all positions opened on a financial instrument are aggregated into one Net position.
For Gross accounts, all positions opened on a financial instrument are separate operations.
Advanced and complex order types
In addition to common order types (market and pending orders, including Stop, Limit, and Stop Limit orders), TickTrader Trading Platform also includes advanced orders that allow experienced users to build more complex trading strategies, like Good Till Cancel, Immediate or Cancel, or One Cancels the Other (OCO) orders.
We asked the developers to elaborate on the principle of Hidden order, one of the most complex, which is presented on the platform.
“Hidden orders are not a full-fledged type of order, it is rather a feature, but an important feature that traders can use as an advantage.
If a trader flags his order as hidden, other traders can't see the order volume in the Depth of Market.
Hidden orders also have a subtype, the so-called Iceberg order, when the Depth of Market displays only a certain proportion of the total order volume.”
API kit
The kit of TickTrader Trading Platform application programming interfaces allows developers to create customizable trading tools and interfaces to use with the TickTrader trading server for no-terminal trading.
TickTrader Trading Platform API kit includes Web REST API, Sockets API, FIX API, SFX and Manager API.
“We made sure that our API kit provides access to a whole range of popular operations, including transactions, secure server connections, asset status monitoring, account balance operations, etc.,” the devs emphasized.
Stock operation features
Soft-FX actively develops the area of stock operations in their brokerage products, an example of which is the introduction of the Stock Events Module for TickTrader platform: “This module allows configuring stock operations on the trading platform depending on corporate actions that occur at a particular point in time.
For example, actions like stock splits may create large gaps on the chart, leading to a false impression of a sharp drop in the price. Based on the chart, technical indicators would give misleading sell signals.”
According to the devs, the Stock Events module is designed to counteract such occurrences: “It allows adjusting data by eliminating gaps arising from events such as splits, dividends, and mergers and acquisitions, enabling your platform to accept adjustments without negative consequences.”
Algo trading options
TickTrader Algo Studio is an advanced platform feature that allows developing and running algorithmic trading systems.
As the developers describe it, “Algo Studio comes with the preset of market-maker algorithms, which provide for administrators an ability to manage price flow, liquidity, or pricing policies for derivative instruments. TickTrader Trading Platform software package also includes a set of trading bots and ready-made algorithmic trading systems ready for use by end clients who want to use Expert Advisors help or create their own bots and run back testing.”
TickTrader Trading Platform is ready for brokerages and digital trading businesses to integrate.
Soft-FX representatives will elaborate on the advantages of their trading platform for administrators and business owners. In the meantime, you can learn more about the solution and ask all your questions to the developers and consultants here:
About Soft-FX
Soft-FX is a fintech development company that provides software and support services to both the financial services industry and digital asset platforms.
Since 2005, Soft-FX has established a multitude of long-term partnerships with Forex and digital currency brokers, blockchain platforms, dealers, banks and funds.
As a provider of cutting-edge technological solutions to the FX and digital currencies industry for over a decade, our highly experienced teams of IT, Legal and Financial professionals ensure all clients have the most comprehensive support during their business development journeys.