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What are the key features of CoreVG and what makes its functionality so unique?
A broker knows what value his order flow has. In general the achievement of CoreVG is to maximize the supply chain, with the big advantage that the user can define his specific risk factors.
Key to our trading engine is a setting of individual trading parameters per client/order/market such as leverage multiples, stop and limit management on time, price, trailing stops etc.
Certainly risk levels can be set on a per client basis as well as market, exposure and portfolio level. Our systematic background is the foundation of this robust trading tool with outstanding latency times and an excellent usability. Te tool can demonstrably generate a consistent return without any human intervention. CoreVG is additionally far removed from black-box trading in that it enables the user to influence the order flow methodology and to switch off specific sources or experts as well as specific execution rules.
Can all brokers benefit from this application or is it aimed at specific FX providers utilising specific trading platforms?
CoreVG is primarily available for MT4 brokers. But in general the architecture of the software is adaptive to changing market and client behaviour. Tis is a prerequisite for every in-house development at Varengold. We can then use this advantage and are able to implement the software in other trading environments. But as a first step our service will be offered to MT4 brokers. Tere, the system is successfully tested and quickly integrated.
How easy is it to integrate CoreVG into existing trading architectures?
We developed the software for MT4 brokers. Setting up and connecting the database with the CoreVG and MT4 components of the broker is the most time- consuming part. Te integration of the gateway and the trading station is a standard process. Altogether I would expect a three, month period, training included.
What benefits will brokers get from utilising CoreVG?
Te main benefit is that this tool gives a broker a new revenue centre in their business. Besides commission or market making this tool is a new source for profits. Every broker’s flow has many hidden opportunities and the CoreVG enhanced flow and risk management tool can make them visible and profitable.
What licensing model will you use to make CoreVG available?
We had a rather long development time to get CoreVG running. It was quite a challenge to gather all the information the system needs to get the relevant database. But ultimately, drawing on our 16 plus years of CTA background, we were successful. For our all- in-one solution we will charge the client a setup fee and further a monthly license fee plus a profit related performance fee.
Is Varengold planning on developing similar trading toolsets for other applications?
Research and Development is the very important backbone of our bank. However the goal and the output of our research projects are not to develop
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