LMAX to launch MultiCharts – a charting and autotrading platform

LMAX, the first FSA authorised CFDs trading MTF (multilateral trading facility), has posted a short message on its blog that

LMAX, the first FSA authorised CFDs trading MTF (multilateral trading facility), has posted a short message on its blog that it is about to soon launch MultiCharts – a charting and autotrading platform that uses the TradeStation EasyLanguage.

“LMAX MultiCharts is a professional charting and automated trading platform, designed for futures and forex traders. A key feature of LMAX MultiCharts is its compatibility with the industry-standard TradeStation EasyLanguage.

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EasyLanguage studies can be customised, optimised and back-tested prior to their implementation in the real market. LMAX Multicharts includes very powerful and flexible tools which are able to handle multi-symbol and multi-timeframe charts.

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Many more features are available…”

LMAX prides itself in being a forex and CFDs exchange and offers API trading – trying to appeal to the autotrading audience. This however did not prevent it from losing  £13.2m for the year ended 30 April, Betfair’s annual report has shown.

LMAX is majority owned by Betfair and interestingly enough (though totally unrelated) Betfair may have failed to inform over two million customers that their card details were stolen in a cyber-attack 18 months ago. The online bookmaker also neglected to mention the breach in its listings prospectus ahead of a floatation in October.

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