Leverate Upgrades Sirix Mobile Platform, Full Release Expected This Week

Online brokerage technology developer, Leverate, has announced an upgrade of its mobile version of the Sirix platform, expected to be released this week, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates confirms.

The changes will include enhanced charts with embedded indicators, trading from the charts, a more streamlined User Interface (UI), among other changes noted in its official press release today.

Forex Magnates' reporters spoke with Remy Rosenbaum, Head of Marketing at Leverate, around time of publication, who said how certain clients were already live on the upgraded version of Sirix Mobile, and that the full release should come by the end of this week.

Full Release Expected This Week, Some Clients Already Live on New Version

With the convergence of online traffic and usage statistics increasingly shifting to mobile and away from desktop/laptop devices, the investment into developing and improving a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term mobile interface takes on high value and priority.

This trend was repeated with Leverate focusing on enhancing the customer experience by rearranging the navigation tab in the UI into a new sidebar, as well as capitalizing on the speed of HTML5 code, the same syntax used in its web-based version of the platform.

More specifically, according to Forex Magnates' research, the Sirix mobile platform had previously used HTML5 in certain functions and elements of the app, except for the charting which has now been upgraded to the new coding.

Mobile Gaining Traction and Now Speed

Therefore, the app is virtually 100% powered by HTML5, and this was said to also help improve the charts to visually represent tick data updating moment-to-moment (as quoted below).

The news follows Leverate's addition of Bitcoin on its BX8 platform, as covered by Forex Magnates in early January 2014, and CorrSight teaming up in late January to help bring algorithmic trading to Sirix for social trading, and after Leverate had a four-fold increase in trading volumes from its Sirix community - reported in December.

As the technology provider looks to offer a suite of solutions aimed to help brokers increase conversion, minimize risk and reach new markets through its various solutions, it's noteworthy to point out how Leverate has been keenly focused on research and development in order to help maintain its edge or overall added value proposition, and with over half of its nearly 110 employees said to be programmers.

Chart and Layout Redesign, New Features Added for UI

The company noted in the official press release that the changes were driven in response to the growth of clients' usage on the mobile version of Sirix, and included, among other tweaks, touch screen controls added, improved search capability, and a contrast options for either a black or white background layout to improve eye comfort depending on ambient light of the environment (e.g. used in dark room, versus bright room).

Leverate’s Product Manager of Sirix, Avi Ventura, commenting in the official company press release said, “We have worked hard to provide the mobile trading features requested by our brokers and their traders,” and added, “For example, we are now able to offer real-time chart ticking, which lets traders see candles as they are being built. This provides a more complete picture of how instruments are trading throughout the selected time period, and reduces information gaps.”

Mr. Ventura concluded in the official press release,“In the future, we plan on adding even more to the social trading section of our mobile platform, including links to trader profile pages and access to the advanced copy trading functions which have been introduced to our web platform.”

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