One of the most interesting service providers in the industry, starting out as a social trading provider and evolving into a broker, Darwinex has announced some major changes. Traders holding accounts at the brokerage can follow investor strategies called DARWINs.
The broker has revamped some risk parameters to help its users choose an appropriate strategy. Starting from next week the strategies offered to traders will only be offered with 20% monthly Value at Risk (VaR).
The value-at-risk model is widely used in finance as a measure defining the probability of losing on a given portfolio, or in the case of Darwinex, a given strategy for trading.
According to a posting on the broker’s blog, the company is making the change to align the risks between a well-diversified trade leader (called DARWIN) portfolio with that of a tier-1 stock index.
The broker explains that a large majority of its clients have built portfolios with 20% monthly VaR which is driving the changes.
SaxoTraderGO Launch Pushes Away Legacy Platforms
Danish multi-asset brokerage Saxo Bank has announced new features on its freshly launched SaxoTraderGO platform with a number of studies added to the charts. A total of four popular indicators have been added – Ichimoku cloud or Ichimoku Kinko Hyo, Keltner channels, a Moving Average Envelope and a Weighted Moving Average.
In addition, clients will be able to draw new annotation signs – arrows, ellipses, rectangles and a new measuring tool which quantifies the price difference as a percentage and in nominal terms on the chart. The existing measuring tool, which only measures in nominal terms has been renamed to Bar Counter.
The launch of SaxoTraderGO has been well-received by Saxo Bank’s clients as they are moving away from legacy platforms. The broker announced that SaxoWebTrader, SaxoMobileTrader and SaxoTabletTrader platforms will be gradually phased out. The first will be kept in service until the end of 2015 when the company begins to gradually deactivate it, while the mobile versions will be migrated to SaxoTraderGO starting from the end of September 2015.
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Starting from next month (September 2015), Silverlight Charts in SaxoWebTrader will not work in Google Chrome.
M4 iOS Trading App Launches and Goes Open Source
A new application which is designed for the iOS environment and supports iPhone, iPad and Apple Watch has launched with its source code completely open for manipulation by third parties. The application runs natively in an iOS environment as it is developed in Objective C. Users and firms will be able to edit and add their own code to the existing chart package and submit their solutions to Apple’s App Store for approval.
M4 iOS comes with real-time charting, various technical analysis indicators, line studies, capabilities for developing trading systems and back-testing capabilities and other widely popular features.
Rakuten Securities Enables Apple’s Touch ID for Authentication
Japanese powerhouse Rakuten Securities has released a new version of its iSPEED futures application which enables the device’s finger print sensor Touch ID to be used as an authenticator for logging into the app. The new security feature is not likely to replace passwords, but it adds to the convenience of using a mobile device for trading.
The new version of the application 1.5.0 will only be supported by devices which run iOS8, have Touch ID and fingerprint authentication is enabled.
Roboforex Changes Trading Conditions on British Shares CFDs
Roboforex has cited a change in the conditions of its liquidity provider as an explanation as to why the company amended the specifications of the CFDs on British shares. According to the new conditions, the contract for each share is the cost of 100 shares of the chosen issuer, which are denominated in British pounds.
Previously the contracts were quoted as a single share. The change is rather cosmetic as Roboforex has changed its minimum volume requirements for a single contract to 0.01 lots. The new maximum volume of a single order will be 50 lots.