Alpari has announced the launch of a new ECN offering based on a technology upgrade to their previous trading product. The new ECN trading service is being released after Alpari partnered with AMTS Solutions to help build the new technology. According to the firm, among the upgraded features is the integration of an order book which allows customers to enter orders and get filled within the spread. In addition, Alpari has boosted the algorithmic trading stability of the product, allowing for higher volumes of trades to be transacted systematically.
Speaking to Finance Magnates, Dmitry Rannev, CEO of AMTS Solutions, explained that the technology was developed several years ago, with Alpari becoming the first forex broker to publicly deploy the solution to their customers. According to Rannev, the launch occurs after working with Alpari for over a year to demonstrate a “very high reliability and efficiency” before being rolled out to customers.
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About the launch and added value to Alpari customers compared to previous technology, Rennev stated, “I am sure that now we are witnessing a true technological revolution. Alpari clients in the near future will not know your company, and the future will be amazed at the speed and quality of execution of client orders. ”
In the public comments about the product launch, Boris Shilov, Director General of Alpari, stated, “The New ECN Account is not just an ‘incremental improvement’ but will be a real groundbreaker for the market. In this instance there are a number of new innovations in the framework, the algorithms and technology which will lead to fundamental changes in the quality of trading. Our retail clients will, in reality, be able to trade according to the same conditions as professional traders in the world’s biggest banks and global market makers.”