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FX MYTHBUSTERS


FX Mythbusters


e-Forex invites Tom Higgins, CEO of Gold-i, a leading retail FX trading systems integrator, to talk about the company’s Gold-i Gate Bridge solution, which will help to dispel some of the most common misconceptions about MT4.


We are a successful stockbroker looking to start up a new FX division. We are looking to find a simple low latency solution to connect our MetaTrader platform to both external and internal sources of FX liquidity. What should we consider as key factors at this stage?


1


Speed, flexibility and reliability are the key factors to consider, and I would also recommend seeking an organisation which is independent of the liquidity providers.


Gold-i works with large and small organisations to connect MetaTrader to both internal and external sources of FX liquidity. Our cutting edge, super low latency Gold-i Gate Bridge is popular because it is fast, flexible and reliable.


It only takes a few milliseconds for the Gold-i Gate Bridge to process a client order, which means that clients are more likely to get the price on the screen with no slippage if the time taken to transact a single trade is short. Te Gold-i Gate Bridge is 99.999% accurate, which means that, on average, only 1 trade in every million needs investigating. Once set up, the Gold-i Gate Bridge operates entirely automatically. Other than general systems management, it requires no day-to-day maintenance.


150 | april 2011 e-FOREX


A further consideration, as always, is cost. With the Gold-i Gate Bridge there are no upfront fees. We only get paid when a customer makes a financial transaction using our systems.


I use the MetaTrader platform to trade FX at home but don’t think it’s possible to access institutional-level data feeds via the internet.


2


Te Gold-i technology has enabled people to trade from home, with access to the same data feeds as traders in the major institutions. For example, the Gold-i Morningstar Data Feed adapter offers MetaTrader clients over 160 different sources of content in real time, providing clients with access to exchange indices, futures and single stocks in addition to Morningstar’s FX data.


Tere are many FX brokers offering retail trading with institutional level FX data feeds via the internet. It is up to individual clients to select the broker which provides the tools and service to best match their needs.


We tried to create our own MT4 bridging solution and failed, so we doubt that third party suppliers are likely to be any more successful.


3


MetaTrader 4 is a rich and powerful tool. As it is the world’s most popular trading system, it is not surprising that many organisations have tried to create their own MT4 bridging solution. It is only through years of expertise and working with liquidity partners that we have been able to create a fast, reliable and flexible MT4 bridge.


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