Leverate, a technology provider specializing in brokerage solutions for the financial services industry, has announced that it has completed a full upgrade of its LX Tools and the LXFeed offerings, according to a corporate statement.
As far as functionality is concerned, the developments made to the LX Tools helps reduce confusion when users want to open new trades. The upgrade streamlines trading process as it allows traders to define per security, if the security is tradeable or should just be enabled. If enabled, traders will view the symbol in grey, indicating that it is not available to be traded. But if it is defined as tradeable, the trader will be able to open a position for that symbol.
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
In addition, the new development also introduces tools for editing per instrument or in bulk. A search box was added to each tab, which significantly improves the user experience whilst replaces the old UI, where searches were performed only in relation to the relevant column.
New features were also associated with regard to the LXFeed offering, which is positioned by Leverate as an ultra-low-latency algorithmic data feed that provides real-time data for more than 1,000 instruments from a series of global financial exchanges.
On this note, Leverate explained that the LXFeed now includes an agent tab where the trader can assign exchanges and symbols. From an operational perspective, brokers now can set definitions for each type of agent. A Journal tab has also been added which logs all the activity undertaken by admin users, displaying the time, action and IP address of the user for each action.
The technology provider also introduced an alert system which notifies its support team about issues associated with the feeds such as symbols not running or no ticks etc. According to Leverate, this was carried out in order to allow for a much more efficient process in being able to address issues promptly as they arise.