Trading software provider PFSOFT announced that the company is preparing to roll out a native version of its Protrader platform for macOS X. The company becomes the first major 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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term provider to target the high-value client segment with a native app. Other software developers in the trading industry are at present relying on web or java-based solutions to appease the demands of Mac users.
The company states that the native macOS X version of Protrader will support trading of multiple asset classes, just like its Windows front end. Traders are able to transact in FX, CFDs, futures, equities, spread betting, ETFs and bonds.
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The platform is programmed using Apple’s own Swift language, adhering to the highest standards of the macOS X development community.
Among other features, Protrader for macOS X features Market Depth
Market Depth
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Read this Term information, seven styles of charts and trading from the chart functionality. The company is working on integrating multiple accounts management (MAM), fund management and its Option Master module.
Commenting on the announcement, the Global Head of business Development of PFSOFT, Roman Nalivayko, said: “Our research shows that number of traders who use Mac is constantly growing but still, they were limited to use only compromise solutions like web and java applications or virtualization.”
“With the new native application for Mac traders will not be limited anymore. At the same time, brokers that start offering it definitely will stand out of the crowd because nobody offers solution like this,” Nalivayko explains.
High Net Worth Retail Traders
PFSOFT’s solution could enable brokers to target higher net worth retail traders, which are frequently using personal computers that run macOS X.
The company is preparing to launch the product in the second quarter of 2017, with the trading platform already accepting beta testing users.
PFSOFT recently decided to waive its initial license fee, thereby increasing competition on the trading platforms market. The company has been one of the leading trading platform developers in the industry in recent years, greatly improving its solution to accommodate the needs of brokers and traders alike.
Trading software provider PFSOFT announced that the company is preparing to roll out a native version of its Protrader platform for macOS X. The company becomes the first major 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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
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-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term provider to target the high-value client segment with a native app. Other software developers in the trading industry are at present relying on web or java-based solutions to appease the demands of Mac users.
The company states that the native macOS X version of Protrader will support trading of multiple asset classes, just like its Windows front end. Traders are able to transact in FX, CFDs, futures, equities, spread betting, ETFs and bonds.
[gptAdvertisement]
The platform is programmed using Apple’s own Swift language, adhering to the highest standards of the macOS X development community.
Among other features, Protrader for macOS X features Market Depth
Market Depth
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, market depth is the size of an order needed to move the market price by a given amount. In practice market depth depends on the amount of open orders in a given market, which provide liquidity for order execution. What Determines Market Depth?While some brokers may be quoting better prices at first glance, the depth of book metric determines how frequently clients can hit the levels that are quoted. As a result, the real execution price may differ, provided that the clips traded are in significant size.Several factors influence market depth. This includes variables such as tick size, or the minimum price at which trades made be executed. In addition, trading restrictions or active limits, permissible leverage constraints, and price movement barriers are also determining factors of market depth.One of the most important elements of market depth is the level of transparency associated with a given market. For example, the latest bid and asking prices are typically public knowledge and made available to most participants.However, additional information regarding the size of these offers and pending bids or offers that are not the best can be hidden for a number of reasons. Any absence of available information can also affect the overall willingness of participants to add market depth as well.
Read this Term information, seven styles of charts and trading from the chart functionality. The company is working on integrating multiple accounts management (MAM), fund management and its Option Master module.
Commenting on the announcement, the Global Head of business Development of PFSOFT, Roman Nalivayko, said: “Our research shows that number of traders who use Mac is constantly growing but still, they were limited to use only compromise solutions like web and java applications or virtualization.”
“With the new native application for Mac traders will not be limited anymore. At the same time, brokers that start offering it definitely will stand out of the crowd because nobody offers solution like this,” Nalivayko explains.
High Net Worth Retail Traders
PFSOFT’s solution could enable brokers to target higher net worth retail traders, which are frequently using personal computers that run macOS X.
The company is preparing to launch the product in the second quarter of 2017, with the trading platform already accepting beta testing users.
PFSOFT recently decided to waive its initial license fee, thereby increasing competition on the trading platforms market. The company has been one of the leading trading platform developers in the industry in recent years, greatly improving its solution to accommodate the needs of brokers and traders alike.
