Ahead of the IFX Expo Cyprus, whose exhibitions kick off tomorrow morning, copy trading technology provider, Tradency, has announced the launch of Mirror 360. The product is among many offerings planned to be presented for the first time in public during the conference. Mirror 360 is Tradency’s latest evolvement of their offering which revolves around the Mirror Trader copy trading platform.
The new Mirror 360 package is a front to end solution for brokers, that avails them to offer copy trading to their customers in a branded standalone product. Features include front-end platform, margin system, server and back office, smart risk management, API, Mirror Trader unique strategies, and liquidity router. The product is being offered in three solutions, starting as a white label entry level package through their premium offering.
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For Tradency, the creation of Mirror 360 as a standalone platform that doesn’t require connections to existing broker account isn’t the most surprising product launch. Initially providing its Mirror Trader to MT4 brokers, the technology provider ceased supporting the platform last year after MetaQuotes accused them of licensing infringement. However, at the time MT4 represented only a small percentage of their business as they had been expanding to support other platforms. With Mirror 360 it now allows them to offer Mirror Trader without the need of connecting to other broker platforms, allowing them once again to market their product only to MT4 firms.