One of the leading Contracts For Differences (CFDs) trading providers in Germany, securities trading bank CeFDex AG, unveiled that it has entered into a partnership with the Danish financial software provider, NetDania. A new online trading platform will be available to the bank’s clients, boasting advanced charting capabilities and catering to the needs of German financial institutions.
The majority of customers of CeFDex are banks and brokers, and the firm is one of the Euro Zone’s top market makers in CFDs.
The charting solution which is provided by NetDania is built on top of the CeFDex trading platform is using the Java programming language and is already active for the clients of the company. A similar solution has already been implemented for clients of German S Broker (Sparkassen Broker) which is a member of the Sparkassen Finance Group.
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The main advantage of NetDania charting is its quite intuitive user interface, which boasts chart trading and order changing through simply dragging and dropping of the order lines on the charts. The solution is fully branded and permits CeFDex to pick a look which caters to their brand and create a customized look and feel.
It has taken CeFDex only about 12 months since the launch of its Java-based trading front end to start delivering the full solution to its customers. The company is also working with another leading German online brokerage company, flatex, which will also introduce the new NetDania charting software. Another client of CeFDex, German Aktionärsbank has recently implemented the module into their trading platform, catering to individuals trading in various asset classes such as stocks, bonds, certificates, CFDs, ETFs, funds and foreign exchange.
The parties expect to be able to leverage NetDania’s technology used in mobile financial applications as well. Under the same name, the company has the highest rated application in its category in the iOS App Store and Android’s Google Play. While the demand for mobile trading has been a much slower trend on the institutional front, it’s inevitable that we are going to see more of it.
The company’s CEO, Stig Brylle, commented in the announcement, “NetDania has a long history within charting. Working with CeFDex, we hope to expand our leadership to the German and Central European markets, and to leverage their knowledge within derivatives and market-making.”