The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has certified the web-based monitoring and risk management platform Broker Pilot, according to a FinaCom statement.
The certification of Broker Pilot followed a rigorous review process to evaluate technical information requirements within the trading platform. This included a list of points to independently verify its system security capabilities, capacity, business disaster recovery and continuity plan, as well as its concessions to reporting and record keeping.
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On its part, the platform, which fully integrates MT4, scales to support companies through web-based monitoring and risk management that aggregates data from trading servers in real-time. The API acts as a virtual dealer but without interfering with the orders’ execution.
According to Financial Commission Chairman Peter Tatarnikov in a recent statement on the new certification: “Broker Pilot platform is the latest technology certified by the Financial Commission and we will be happy to see more software providers certifying their products with us. Today we gladly announce successful certification of Broker Pilot monitoring and risk management platform provided by IndigoSoft LTD and believe it is a great step to leverage its credibility and grow its business globally.”
FinaCom is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts. The commission’s Dispute Resolution Committee (DRC) serves as its paramount regulatory body which is staffed by executives from leading companies in the financial services industry.