In June, HTML5 charting provider for the financial industry, ChartIQ, renamed their consumer facing app, Technician, as well as offering the base product for free. The move was made as the firm’s main revenue producing growth is derived from their B2B business, licensing their technology to financial firms and content producers. As such, in order to reduce confusion of their offerings, the consumer charting product was split from ChartIQ’s core business.
Nonetheless, Technician remains an important part of ChartIQ’s overall strategy. The app provides a live showcase of the firm’s charting technology that can be experimented with by potential clients. In addition, the consumer app acts as a potential lead generator to institutional users that come across the product for their own charting needs.
Providing more functionality to Technician, as well as showcasing ChartIQ’s ability to provide trading features, ChartIQ has partnered with Tradier to integrate brokerage trading directly on the app. Like other Tradier partners, app users will be able to open a new Tradier account or connect their existing one, to trade directly from Technician.
For Tradier, the addition of Technician adds to the growing list of developers who have integrated with their brokerage API to enable trading on their platform. In Technician’s case, with available trading for US stocks and options, the product may also help ChartIQ showcase their webtrader solution for MetaTrader 4 brokers which they launched in January.
On the news, Dan Schleifer, CEO and co-founder of ChartIQ, commented: "Modern traders require a technical analysis and 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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term that is in-sync with the speed the market requires and provides access to resources efficiently, anytime, anywhere. The integration with Tradier Brokerage highlights our ongoing dedication to elevating trading experiences for all.”
In June, HTML5 charting provider for the financial industry, ChartIQ, renamed their consumer facing app, Technician, as well as offering the base product for free. The move was made as the firm’s main revenue producing growth is derived from their B2B business, licensing their technology to financial firms and content producers. As such, in order to reduce confusion of their offerings, the consumer charting product was split from ChartIQ’s core business.
Nonetheless, Technician remains an important part of ChartIQ’s overall strategy. The app provides a live showcase of the firm’s charting technology that can be experimented with by potential clients. In addition, the consumer app acts as a potential lead generator to institutional users that come across the product for their own charting needs.
Providing more functionality to Technician, as well as showcasing ChartIQ’s ability to provide trading features, ChartIQ has partnered with Tradier to integrate brokerage trading directly on the app. Like other Tradier partners, app users will be able to open a new Tradier account or connect their existing one, to trade directly from Technician.
For Tradier, the addition of Technician adds to the growing list of developers who have integrated with their brokerage API to enable trading on their platform. In Technician’s case, with available trading for US stocks and options, the product may also help ChartIQ showcase their webtrader solution for MetaTrader 4 brokers which they launched in January.
On the news, Dan Schleifer, CEO and co-founder of ChartIQ, commented: "Modern traders require a technical analysis and 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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term that is in-sync with the speed the market requires and provides access to resources efficiently, anytime, anywhere. The integration with Tradier Brokerage highlights our ongoing dedication to elevating trading experiences for all.”