FXCM, a leading financial services firm, has reported that it will be discarding one of its trading platforms, in an email notification sent to clients. The firm plans to enhance key functionality on its established Trading Station platform which will supersede the Active Trader platform.
FXCM’s Active Trader was launched in 2009 for experienced traders looking for an ECN type trading experience. The platform, a proprietary platform developed by the company, was a high-end solution for active traders. The platform focused on offering users competitive pricing, showing sub-one-pip in major currencies. In addition, users were able to benefit from 5 level display of market depth.
A company spokesperson commented about the new developments in a comment to Forex Magnates, and explained why the firm was making the move : “To deliver a greatly improved trading experience to our Active Traders, we are beta-testing new Active Trader features on FXCM’s award-winning Trading Station Web.”
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The company notification, sent out today, informed FXCM clients of the changes in its technology. the email stated: “Recently, we made significant updates to the current Active Trader platform to bring key business logic components in-line with Trading Station. Since the business logic components are new to this platform we are re-classifying the platform as a Beta-Test environment. Once the Beta-Test stage concludes, we’ll discontinue the Active Trader platform and introduce Active Trader features to our Trading Station Web platform.”
FXCM’s spokesperson further explained to Forex Magnates about some new functionality: “The new Active Trader features include: A fresh, innovative user-interface, Updated Market Depth data streams and Advanced charting elements.”
The world of FX trading platforms has faced a number of hurdles with several changes taking place on the popular MT4 terminal, in relation to 3rd party products. Furthermore, the impact of technology is evolving as new concepts including applications and customisable software plugins and add-ons are gaining popularity. Recently, platform vendor Spotware Systems made a number of staff changes.
FXCM continued its global dominance with the acquisition of FXDD’s US business, details of the deal were not disclosed.