Australian brokerage Pepperstone has just announced that it is diversifying its platform, offering away from the Sirix webtrader solution from Leverate which it launched only about a year ago. The company will be using a new cloud-based WebTrader for MT4 delivered from Fortex.
This marks the second rather big broker shunning away Leverate's Sirix in a rather short span of time - markets.com became the first one last year after launching its own webtrader platform solution. That said, up until now both offerings are still available to clients of the brokerage.
The new platform offering is available only to live clients of Pepperstone. The new WebTrader allows the broker's clients to get Market Depth
Market Depth
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Read this Term data in real-time, single-click orders and a completely revamped user interface, designed with the trader in mind.
Fortex has been on the platform market for a while but only recently released its 6th generation of the Trading Platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term under the same brand. The cloud-based interface is accessible for traders on both the desktop and mobile, featuring an adaptive user interface.
The new platform solution which Pepperstone offers also includes AlgoX, which is the algo trading add-on allowing traders to devise their own automated trading strategies. The extension uses open programming languages, like JavaScript and C# in order to allow flexibility for developers when coding their algos into the paltform. The solution is also compatible with MT4 Expert Advisors.
Australian brokerage Pepperstone has just announced that it is diversifying its platform, offering away from the Sirix webtrader solution from Leverate which it launched only about a year ago. The company will be using a new cloud-based WebTrader for MT4 delivered from Fortex.
This marks the second rather big broker shunning away Leverate's Sirix in a rather short span of time - markets.com became the first one last year after launching its own webtrader platform solution. That said, up until now both offerings are still available to clients of the brokerage.
The new platform offering is available only to live clients of Pepperstone. The new WebTrader allows the broker's clients to get Market Depth
Market Depth
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Read this Term data in real-time, single-click orders and a completely revamped user interface, designed with the trader in mind.
Fortex has been on the platform market for a while but only recently released its 6th generation of the Trading Platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term under the same brand. The cloud-based interface is accessible for traders on both the desktop and mobile, featuring an adaptive user interface.
The new platform solution which Pepperstone offers also includes AlgoX, which is the algo trading add-on allowing traders to devise their own automated trading strategies. The extension uses open programming languages, like JavaScript and C# in order to allow flexibility for developers when coding their algos into the paltform. The solution is also compatible with MT4 Expert Advisors.
