PRODUCT REVIEW
How is cTrader integrated with and made available to brokers?
For brokers, cTrader implementation simply means subscribing to use our service. Our people take care of 99% of the required work, and leave it to the brokers to begin collecting new traders and new volumes. Some brokers may want to integrate their own management or CRM software systems, and we provide a complete set of integration APIs which facilitate this use of third party software. We also provide an Oracle reporting database in addition to the operational ‘Demo’ and ‘Live’ trading environments.
How much freedom of choice regarding supply of liquidity do brokers have with cTrader?
cTrader is strictly liquidity-agnostic. We don’t control the number of LPs simultaneously sending prices, or the types of LPs our brokers have a partnership with. Unlike most popular FX platforms, our solutions require no bridges or workarounds for LP connectivity. We support almost all FIX API versions, such as 4.2, 4.3 and 4.4, and we offer adapters to all major banks, liquidity providers and aggregators. We also provide a facility within the cBroker management application to apply markups to all incoming symbol liquidity streams. Markups are applied separately for Bid and Ask prices and for each tradable FX pair, whether the symbol is set to Book-A or Book-B.
Where liquidity is concerned, our attention is devoted exclusively to streaming whatever liquidity our brokers choose in the fastest, most efficient way possible.
What back-end administration solutions do you offer to help brokers who have adopted your service to manage and customise their own specific product offering?
cBroker is our comprehensive back-end solution for managing your cTrader and cAlgo services (as well as any future releases of Spotware products). It’s an all-in-one, light and downloadable application that lets brokers monitor, customize and tailor their service offering down to the finest detail, and all from an easy-to-learn and easy to use interface designed to minimize hassle and maximize productivity. From cBroker, service providers can: set margins, open client accounts, examine client accounts, manage trading symbols, manage trading times and time zones, view event logs, create client groups, manage risk exposure, generate reports, examine statistics, and much, much more. All these functions are also available over an API. cBroker is a fantastic management system from
which to create and optimize a complete FX service.
How have you leveraged Cloud technology to solve the problem of latency and help brokers offset infrastructure costs?
Our platforms automatically connect to our proxy- cloud when launched, and use their BPA (Best Proxy Algorithm) technology to select the most appropriate connections for each individual user. Te proxy cloud, and utility of the IBM hardware cloud, are included in our PaaS solution, again allowing brokers to offload the cost of expensive outside infrastructure that may normally be needed to correct or improve latency issues. As our connectivity engineers work to uphold the stability of our existing proxies, they also continuously reassess connectivity locations and add new POPs in the global locations which matter most to our clients. Tis ensures that brokers and traders receive the fastest last mile speeds and the lowest possible latency.
What steps have you taken to cater for automated traders looking to develop robots and custom indicators for use in a direct-access FX trading environment?
Our feature-rich algorithmic trading platform, cAlgo, lets traders create, deploy and manage their own custom robots and indicators. cAlgo provides all the tools necessary for traders to succeed at automated trading in the same live DMA environment as cTrader. cAlgo gives traders the ability to perform trading functions using automated scripts, and back-test the algorithms to analyse their performance under a specified historical time period. cAlgo’s .NET based infrastructure also means traders can draw from the expertise of millions of programmers already coding in C#, and our API has been designed specifically for algorithmic currency trading, using human readable syntax to effortlessly engage end users.
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