Leading Prime of Prime (PoP) solutions provider, CFH Clearing, has agreed to add iSTRAT to its ClearVision product suite, according to an official press release, jointly announced with TickCom – the developer of the iSTRAT solution.
TickCom is a provider of automated trading solutions, including the iSTRAT product that was recently launched in November, and was previously covered by Forex Magnates. It is described as a way for end-users to build a portfolio of strategies without the need for programming skills or related manual development normally required to build an automated strategy.
According to the official description, iSTART aims to leverage a proprietary approach using HTML5 and what is referred to as an “Automated Strategy Development” method, using elements geared at complementing copy-trading, and according to its website has been in business since 2005.
Forex Magnates has previously covered the launch of ClearVision, the suite of brokerage technology components offered in an a la carte style by CFH Clearing, and which are already integrated with MT4, MT5, tradable, FIX 4.4, Vertex and Act in addition to CFH Clearing’s own proprietary front-end platforms, ClearPro and ClearWeb.
Thus, the integration of iSTRAT from TickCOM will enable CFH Clearing to offer its connected clients and new brokerages the ability to use iSTRAT as an automated trading solution for their end-users, offering traders an even wider choice of front-end platforms and solutions.
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Lars Holst, CEO of CFH Clearing commented in the official press release regarding the new deal with TickCOM, “The world is moving increasingly towards automated trading and iSTRAT is at the forefront of this area. As a leader in our field, CFH focuses on offering the most innovative, cutting edge solutions to our clients and we are excited about being able to integrate iSTRAT through ClearVision, broadening our portfolio by delivering automated trading and the new generation of trading technologies.”
Mr. Holst added in the official announcement, “With its unique proposition and modular structure, ClearVision is already proving to be of real interest amongst Tier I and Tier II brokers seeking to take their business to the next level. By adding iSTRAT, we believe we are offering brokers the biggest choice in terms of front-end integrations. We are platform agnostic and aim to provide retail brokers with a wealth of options in order to help them to select and manage all the market-leading tools which best suit their needs in order to gain a competitive edge in the e-markets.”
Soeren Lanng, Founder and CEO of TickCOM, said in the official press release, “We are excited to bring an interesting new product mix to the Tier I and Tier II brokers by offering iSTRAT through ClearVision. The new generation of automated trading sets new standards and new requirements in terms of back-office features and performance. We believe that ClearVision, which is at the forefront of the market, is an ideal match for iSTRAT.”
It’s not clear how the end product will look and function as far as specifics, as the integration is still unfinished until the expected January 2014 completion date, however, it appears that CFH Clearing’s management intends to add automating trading solutions to its portfolio of products.
Considering that the firm has an indirect relationship to tradable, its sister company also under CFH Clearing’s parent company- CFH Group, the interest in automated trading solutions from 3rd party developers appears to be gaining the attention of the businesses under the group, in addition to its own technology (such as tradable).