Spotware Launching cMulti Mirror Trading Platform for cTrader
- Spotware Systems, the technology provider behind the cTrader platform has launched a new mirror trading platform called cMulti. Not to be confused with social trading, cMulti allows users to purchase and follow trade signals from participating providers.
Spotware Systems, the technology provider behind the cTrader platform has thrown in their opinion into the current developments among MetaQuotes and third party developers with the launch of cMulti. cMulti is a new mirror 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 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 that has been developed for cTrader users. The product provides a platform for signal providers to offer their trading signals to cTrader’s client base. Not to be confused with social trading, cMulti allows users to follow trade signals from participating providers.
Ilya Holeu, Head of Sales and Marketing and Spotware Systems explained to Forex Magnates that by utilizing a model that charges customers on a fixed cost per $million traded, it benefits clients. In contrast to systems where a broker may pay signal providers and offer the trades for free to their clients, Holeu said that cMulti will allow traders to discover top performers on their own and “whoever has the cheapest and best performing strategy will benefit the most”. Holeu added that Spotware believes that by providing a mirror trader, rather than social trading offering, it puts the emphasis on trading success and keeps the platform more professional.
cMulti is expected to be available for brokers this summer and can be integrated to third party offerings using their new API offering; thus allowing other mirror trading products to connect to the signals. The product becomes the latest addition to the cTrader suite of products which are being provided to brokers at no cost. Holeu explained that “there are no additional costs to brokers for any products that we release, that is one of the great things about us. We constantly (bi-weekly) release new additional functionality to pretty much all platforms.”
Other features that Spotware are highlighting include single trade mirroring, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, customization, and client side identification of mirror versus manual trades. In terms of latency, Spotware stated that “the PaaS delivery system ensures no vulnerability to broker-hosted servers that can cause multi-second delays between signal and execution.”
Spotware Systems, the technology provider behind the cTrader platform has thrown in their opinion into the current developments among MetaQuotes and third party developers with the launch of cMulti. cMulti is a new mirror 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 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 that has been developed for cTrader users. The product provides a platform for signal providers to offer their trading signals to cTrader’s client base. Not to be confused with social trading, cMulti allows users to follow trade signals from participating providers.
Ilya Holeu, Head of Sales and Marketing and Spotware Systems explained to Forex Magnates that by utilizing a model that charges customers on a fixed cost per $million traded, it benefits clients. In contrast to systems where a broker may pay signal providers and offer the trades for free to their clients, Holeu said that cMulti will allow traders to discover top performers on their own and “whoever has the cheapest and best performing strategy will benefit the most”. Holeu added that Spotware believes that by providing a mirror trader, rather than social trading offering, it puts the emphasis on trading success and keeps the platform more professional.
cMulti is expected to be available for brokers this summer and can be integrated to third party offerings using their new API offering; thus allowing other mirror trading products to connect to the signals. The product becomes the latest addition to the cTrader suite of products which are being provided to brokers at no cost. Holeu explained that “there are no additional costs to brokers for any products that we release, that is one of the great things about us. We constantly (bi-weekly) release new additional functionality to pretty much all platforms.”
Other features that Spotware are highlighting include single trade mirroring, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, customization, and client side identification of mirror versus manual trades. In terms of latency, Spotware stated that “the PaaS delivery system ensures no vulnerability to broker-hosted servers that can cause multi-second delays between signal and execution.”