Negative prices, volatility, remote working and increased activity - how will this shape trading technology?
There is little that the coronavirus pandemic hasn’t influenced in some way. The effects can be clearly seen within the trading markets - both good and bad, but one this is for certain, the virus has certainly left its mark.
Heightened levels of Volatility, negative prices, renewed levels of interest in the trading space - all of these have happened over the past few months, and all of it is directly related to COVID-19.
Because of this impact on the trading space, it is only natural that trends will emerge from this pandemic that will last for the long-term, such as working remotely, increased interest in trading and more.
Supporting all of this change and activity in the markets has been trading technology and the infrastructure that supports the industry. As Finance Magnates has reported, the systems of trading providers have struggled to deal with the higher levels of trading activity.
Not only that, but the industry was well and truly caught off guard by negative oil prices with the West Texas Intermediate (WTI) May futures plummeting into negative prices in April. Until now, many trading platforms couldn’t handle negative prices.
Already, however, the industry has adapted. MetaQuotes, the provider of one of the most prominent FX trading platforms, MetaTrader 4 and 5, added negative price capabilities to its MetaTrader 5 platform.
How will COVID-19 influence trading technology?
This begs the question, how else might COVID-19 influence the future of trading technology? According to Spotware, the provider of cTrader, one of the most prominent FX and CFD trading platforms, the emerging trend of more flexible working conditions and working remotely post-COVID-19 will have an will influence trading technology going forward.
“As a result, the “work from anywhere” need can be translated as a “trade from anywhere” need in the trading world. This has increased the demand for multi-device access in trading services, especially mobile apps and cloud services, so vendors that were able to provide such services to traders have now gained a competitive advantage. The rest will have to play the catch-up game for now,” Panagiotis Charalampous, Head of Community Management of cTrader at Spotware told Finance Magnates.
“We have also seen major market movements, unprecedented market volatility and rare events like negative prices. The volatility is expected to stay with us for the next months and this has been seen as an opportunity for more people to engage in retail trading in order to take advantage of this situation.
“This has resulted in an increase in the demand for retail trading services but has also put stress on the trading infrastructure, as well as exposed certain limitations and weaknesses of the various components. For example, the negative prices that were seen on WTI had caught the entire industry unprepared. Such events have now alerted industry participants to better prepare for potential future repetition.”
Were negative oil prices a one-off?
Despite negative prices taking the industry by surprise, according to Charalampous, Spotware has not seen a significant demand from broker’s to have negative pricing capabilities, as many industry participants expect it to be once in a lifetime event.
Nonetheless, he points out that negative prices are something that technology providers need to consider seriously since there is no guarantee that such events will not happen again. Therefore, Spotware is considering adding such capabilities to its platform in the future.
Trading infrastructure feels the pressure
Coronavirus has created a number of challenging situations for brokers and trading providers - large volatility, trading activity and historical and unprecedented price movements. All of this has put a strain on brokers’ resource, especially in terms of client support.
“This has resulted in an increased support load on brokers’ front offices. And all of this had to take place in the midst of lockdowns that forced brokers and technology providers to restructure operations and processes to adapt to a “work from home” environment. On the side of the technology infrastructure, the increased trading activity did not cause any serious issues since trading platforms were developed with activity spikes in mind,” Charalampous explained.
There is little that the coronavirus pandemic hasn’t influenced in some way. The effects can be clearly seen within the trading markets - both good and bad, but one this is for certain, the virus has certainly left its mark.
Heightened levels of Volatility, negative prices, renewed levels of interest in the trading space - all of these have happened over the past few months, and all of it is directly related to COVID-19.
Because of this impact on the trading space, it is only natural that trends will emerge from this pandemic that will last for the long-term, such as working remotely, increased interest in trading and more.
Supporting all of this change and activity in the markets has been trading technology and the infrastructure that supports the industry. As Finance Magnates has reported, the systems of trading providers have struggled to deal with the higher levels of trading activity.
Not only that, but the industry was well and truly caught off guard by negative oil prices with the West Texas Intermediate (WTI) May futures plummeting into negative prices in April. Until now, many trading platforms couldn’t handle negative prices.
Already, however, the industry has adapted. MetaQuotes, the provider of one of the most prominent FX trading platforms, MetaTrader 4 and 5, added negative price capabilities to its MetaTrader 5 platform.
How will COVID-19 influence trading technology?
This begs the question, how else might COVID-19 influence the future of trading technology? According to Spotware, the provider of cTrader, one of the most prominent FX and CFD trading platforms, the emerging trend of more flexible working conditions and working remotely post-COVID-19 will have an will influence trading technology going forward.
“As a result, the “work from anywhere” need can be translated as a “trade from anywhere” need in the trading world. This has increased the demand for multi-device access in trading services, especially mobile apps and cloud services, so vendors that were able to provide such services to traders have now gained a competitive advantage. The rest will have to play the catch-up game for now,” Panagiotis Charalampous, Head of Community Management of cTrader at Spotware told Finance Magnates.
“We have also seen major market movements, unprecedented market volatility and rare events like negative prices. The volatility is expected to stay with us for the next months and this has been seen as an opportunity for more people to engage in retail trading in order to take advantage of this situation.
“This has resulted in an increase in the demand for retail trading services but has also put stress on the trading infrastructure, as well as exposed certain limitations and weaknesses of the various components. For example, the negative prices that were seen on WTI had caught the entire industry unprepared. Such events have now alerted industry participants to better prepare for potential future repetition.”
Were negative oil prices a one-off?
Despite negative prices taking the industry by surprise, according to Charalampous, Spotware has not seen a significant demand from broker’s to have negative pricing capabilities, as many industry participants expect it to be once in a lifetime event.
Nonetheless, he points out that negative prices are something that technology providers need to consider seriously since there is no guarantee that such events will not happen again. Therefore, Spotware is considering adding such capabilities to its platform in the future.
Trading infrastructure feels the pressure
Coronavirus has created a number of challenging situations for brokers and trading providers - large volatility, trading activity and historical and unprecedented price movements. All of this has put a strain on brokers’ resource, especially in terms of client support.
“This has resulted in an increased support load on brokers’ front offices. And all of this had to take place in the midst of lockdowns that forced brokers and technology providers to restructure operations and processes to adapt to a “work from home” environment. On the side of the technology infrastructure, the increased trading activity did not cause any serious issues since trading platforms were developed with activity spikes in mind,” Charalampous explained.
Webull Introduces "Lite" Version of Trading App for Retail Users
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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