Spotware Systems Ltd, the developer behind the cTrader and cAlgo platforms, announced today that its copy trading platform “cMirror” has now gone live. The offering was launched back in June 2013, but until today traders were only capable of using the cMirror in demo mode. cMirror will be supplied to all the developer’s clients at no additional cost to brokers.
This is not the first copy trading platform available for users of cTrader, as the developer of Mirror Trader, Tradency, has been in collaboration with Spotware since July 2014 to jointly run an integrated solution including front-end and back-end technology. However, the field of copy trading is apparently too important to leave to integration with 3rd parties in the eyes of the firm.
Mr. Ilya Holeu, Managing Director at Spotware Systems, stated: “This was a daunting task from the beginning but our teams strongly believed in it from the get go. cMirror adds another angle to our product suite, expanding our range of products into areas that are in demand from traders around the world today. Mirror trading is one of those key areas and cMirror is hands down the most feature equipped platform out there with unmatched risk management, low latency execution, analytics and above all, ease of use.”
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All traders with a cTrader account can now also use cMirror to become a Signal Provider themselves and profit from other traders who follow their signal, or simply choose and follow other Signal Providers from a list of strategies, sorted by profitability and other variables. Users also have tools for risk management when mirroring a strategy.
Spotware says that for the past year the platform has been thoroughly tested by engineers to ensure the product meets their expectation. “I can’t thank our dedicated users and my team enough,” commented Alex Katsaros, Product manager for cMirror. “The feedback we got from our demo users really helped define this product into what we strongly believe is the best mirror trading platform out there.”
Mr.Katsaros added: “All cTrader enabled brokers are co-hosted on Spotware’s IBM cloud in Equinix, this allows cMirror to perform with the same ultrafast execution speeds and low latencies that have become the staple of our cTrader Suite. It also allows cTrader users from different brokers to mirror or provide signals to each other.”