Panda TS Rolls out Weekend Trading, Provides FX & Gold Data Feeds 7 Days a Week

The company announced that it will offer real-time data feeds for weekend trading on OTC-assets for major FX pairs gold

panda_ts_logoIn a move that might appeal to a select number of its clients, broker technology provider, Panda Trading Systems (Panda TS), issued a company announcement revealing that it will offer real-time data feeds for weekend trading on OTC-assets for major FX pairs & gold to brokers using the company’s feed or binary options platform POLARIO.

The company has already been providing a Bitcoin data feed over the weekend alongside select stock offerings from the Middle East. With the addition of FX, the firm will provide an opportunity to its brokerages to launch 24/7 trading.

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In contrast to existing offerings on the market, Panda TS provides real-time data which takes into account the developments over the weekend which can affect the forex market.

Panda TS partnered with two Asia-based institutional dark pools that will be providing liquidity over the weekend to MT4 brokers. The company is working to further assist FX & CFD brokers in integrating and hedging their trading risks throughout the weekend using the OTC trading flow.

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Commenting in the company announcement, Panda TS’s Co-Founder and COO Maor Lahav said, “We’re excited to announce yet another ‘first’ to the market with 24/7 trading on FX and Gold. Our continual focus is on supporting our clients by providing the highest quality tools they need to increase conversions, boost trading volume and strengthen their brand equity.”

The company announced that it plans to continue rolling out more assets for weekend trading in the near future.

A seven day trading week has been in place around the FX industry for some time as one of the major FX brokers, OANDA, was offering weekend trading. However prices were not updating real-time and due to arising risk management challenges surrounding the Monday open, the company chose to discontinue its weekend trading offering last year.

Several binary options technology providers have introduced trading over the weekend, however the expiration time frames for the binary options which they provide is usually weekly. This means that a trader can still place a trade on the weekend as the market is closed, but the expiration time for the binary option he has purchased is on Friday.

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