X Financial Solutions Updates its Open API Apps Store: xStore
by
Adil Siddiqui
The company offers brokers and developers the ability to fully customize solutions to cater to their requirements. The move creates a free and complete marketplace around the X3 Open Hub trading technology.
The open platform concept is getting all the attention in the FX markets as X Financial Solutions announces that it has updated its xStore an open API applications market place. Third party developers and plugin providers faced challenges when developing solutions for trading platforms, the evolutionary change to open source shows how trading terminals are developing with the enhancements of new technologies.
X Financial Solutions offers X3 Open Hub an open trading concept. The hub allows brokers to really stand out in an already congested market place by creating their own proprietary front ends, mobile applications or dedicated apps for their clients. The open hub also allows brokers to create their own niche for example brokers who are keen to target a certain client segments such as algorithmic traders can focus on developing the tools and resources for this segment. The hub takes advantage of cloud technology thus reducing the exorbitant cost of local servers and the administrative fees that it takes to maintain them.
“The future of Forex trading is to provide open platforms with minimal restrictions on what can be developed to enhance the user experience,” stated Juan Jutgla, Director of Institutional Business at X Financial Solutions, in a statement issued by the company. “Forex brokers and banks using the X3 Open Hub technology will benefit from an open environment and unlimited possibilities to customize their trading technology and differentiate themselves from competitors", he added.
The new updates have a wide range of functionality and features including:
SMS trade alerts: where traders can receive text messages about important market movements such as triggered stop losses and instruments reaching a certain price,
Multi Account Manager (MAM): allows Money Managers to send multiple market orders, TP&SL simultaneously for multiple accounts,
xDivergence: takes advantage of markets’ divergence movements and allows users to apply this to their own investment strategies,
Quick trader calculator: calculates pips, lots, stop losses and take profit in money value,
Traders' Compass™: a novel real-time trader guidance software, geared at increasing the trader's life-cycle value by monitoring and analysing the users trading activity in real time.
The future of platform development is changing to be more accommodative of skills and expertise not readily available. The Open API structure of xStore allows anyone to develop and market expert advisors (EAs), technical analysis tools and any feature that can enhance the X3 trading environment. In addition the site has a forum where developers and traders can share new app ideas and strategies that might not already exist. Users can now also post jobs and find the right coder by searching through an existing ‘Developers List’.
Open API with the use of any programming language and .NET, Java and Python wrappers opens it up to enable all developers to create new applications for X3 Open Hub. xStore is also multi-platform, supporting all technologies from web, desktop (Windows, Mac, Linux), mobile (android, iOS, Windows Phone) and all other major technologies available.
The FX broke space is undergoing several changes due to the every evolving business environment, cost of doing business, decreasing margins and a mature and stagnant client base means that brokers will find it hard to survive. A new trend appearing in the market is for small niche players to operate who deal with their specific client base. With the growth and development of the internet more and more smaller players such as introducing brokers and affiliates are opting for the off the shelf start your own brokerage firms like X Financial Solutions offer.
Jakub Zablocki the CEO and co-founder of XTB, told Forex Magnates in an interview, “we believe that only a comprehensive, fully open and customizable trading solution has the chance to succeed in today’s environment. Our clients will have total independence of connecting to any Liquidity provider they choose and are also able to create proprietary front ends”.
The open platform concept is getting all the attention in the FX markets as X Financial Solutions announces that it has updated its xStore an open API applications market place. Third party developers and plugin providers faced challenges when developing solutions for trading platforms, the evolutionary change to open source shows how trading terminals are developing with the enhancements of new technologies.
X Financial Solutions offers X3 Open Hub an open trading concept. The hub allows brokers to really stand out in an already congested market place by creating their own proprietary front ends, mobile applications or dedicated apps for their clients. The open hub also allows brokers to create their own niche for example brokers who are keen to target a certain client segments such as algorithmic traders can focus on developing the tools and resources for this segment. The hub takes advantage of cloud technology thus reducing the exorbitant cost of local servers and the administrative fees that it takes to maintain them.
“The future of Forex trading is to provide open platforms with minimal restrictions on what can be developed to enhance the user experience,” stated Juan Jutgla, Director of Institutional Business at X Financial Solutions, in a statement issued by the company. “Forex brokers and banks using the X3 Open Hub technology will benefit from an open environment and unlimited possibilities to customize their trading technology and differentiate themselves from competitors", he added.
The new updates have a wide range of functionality and features including:
SMS trade alerts: where traders can receive text messages about important market movements such as triggered stop losses and instruments reaching a certain price,
Multi Account Manager (MAM): allows Money Managers to send multiple market orders, TP&SL simultaneously for multiple accounts,
xDivergence: takes advantage of markets’ divergence movements and allows users to apply this to their own investment strategies,
Quick trader calculator: calculates pips, lots, stop losses and take profit in money value,
Traders' Compass™: a novel real-time trader guidance software, geared at increasing the trader's life-cycle value by monitoring and analysing the users trading activity in real time.
The future of platform development is changing to be more accommodative of skills and expertise not readily available. The Open API structure of xStore allows anyone to develop and market expert advisors (EAs), technical analysis tools and any feature that can enhance the X3 trading environment. In addition the site has a forum where developers and traders can share new app ideas and strategies that might not already exist. Users can now also post jobs and find the right coder by searching through an existing ‘Developers List’.
Open API with the use of any programming language and .NET, Java and Python wrappers opens it up to enable all developers to create new applications for X3 Open Hub. xStore is also multi-platform, supporting all technologies from web, desktop (Windows, Mac, Linux), mobile (android, iOS, Windows Phone) and all other major technologies available.
The FX broke space is undergoing several changes due to the every evolving business environment, cost of doing business, decreasing margins and a mature and stagnant client base means that brokers will find it hard to survive. A new trend appearing in the market is for small niche players to operate who deal with their specific client base. With the growth and development of the internet more and more smaller players such as introducing brokers and affiliates are opting for the off the shelf start your own brokerage firms like X Financial Solutions offer.
Jakub Zablocki the CEO and co-founder of XTB, told Forex Magnates in an interview, “we believe that only a comprehensive, fully open and customizable trading solution has the chance to succeed in today’s environment. Our clients will have total independence of connecting to any Liquidity provider they choose and are also able to create proprietary front ends”.
Devexperts Checks Off Type 2 SOC 2 Audit for Enhanced Data Security
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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