Trading technology provider, ParagonEX announced on Monday that it has developed a new financial trading platform, which will be deployed by its existing global clients.
“CFD trading is developing at breakneck speed,” Simon Duggan, CEO at ParagonEX, stated. “More instruments, asset classes, and even instrument types are finding their way into the retail trader’s palette and we’ve developed a platform that doesn’t limit our clients’ choice.”
As detailed by the company, the new platform offers added features with an updated user interface.
The platform will offer more than 100 technical indicators and charting instruments and will allow traders to control leverages on each position. It will also add a proprietary profit/loss simulator that will evaluate target levels based on spreads.
“We’re already receiving positive reports from our clients,” Duggan added. “The speed at which functions are accessed, especially on the mobile app version, is surpassing expectations.”
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Increasing Offerings to the Trading Industry
ParagonEX was established in 2008 and offers three main products: ParagonEX Prime, a customized software and services solution; ParagonEX Dynamic, a small and medium-sized brokers-focused solution; and ParagonEX Network, a lead acquisition and conversion tool.
The company is increasing its offering further and launched a platform for novice traders last year.
The latest announcement added that the new trading platform will be available on mobile as well for traders using both iOS and Andriod devices.
ParagonEX has already rolled out the new platform to some of its clients. However, it did not provide any timeline for the full launch.
“We’re expecting the platform to be available on more and more broker sites as the year continues,” Duggan said.