Gold-i, a trading systems integration specialist for the financial services industry, has launched its newest product, Scalper Watch, a new utility that helps MT4 brokers streamline their profits via the detection and mitigation of unwanted scalpers, according to a company statement.
The new Scalper Watch tool has been fully integrated within the MT4 functionality, which does not require the deployment of any additional servers. More specifically, the tool automatically searches out specific traders, thereby bringing to light any potential unwanted scalpers, promptly alerting users upon detection.
Scalper Watch is important for brokers as it helps groups customize settings to define how scalper traders are spotted – this in turn encourages more consistent profits as well as overall transparency.
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By detecting scalpers, Gold-i’s Scalper Watch helps postulate a given scalper’s other trading activity. The information helps brokers chart a course of action to ultimately decide if a scalper is taking advantage of the price latency. Scalper Watch even allows brokers to flag a scalper’s account such that the tag marks all future trades by the individual.
According to Tom Higgins, CEO of Gold-i, in a recent statement on the launch: “Scalpers having access to a faster price source than the broker’s will use it to their advantage, making money every time they trade and draining a broker’s profits, unless the broker is able to close them down or A-book them quickly enough. Gold-i Scalper Watch has been developed to address this challenging issue, helping brokers to spot unwanted scalpers, act accordingly and protect their profits.”
“Without the right tool, it is very hard to identify scalpers as they trade in a way which makes it difficult to detect. Gold-i Scalper Watch is therefore a valuable and cost-effective tool, developed to help brokers to make more money,” reiterated Misha Kipnis, VP Gold-i Visual Edge in an accompanying statement.