Eye On The Future: FX Technology And Where We Are Headed

The most appealing change in FX technology is an ongoing migration from desktop GUI clients written in Java, Flash, .NET etc. to web-based trading desks, leveraging the plethora of capabilities of modern HTML5-based web browsers.

The list of technologies available under the hood is thrilling, i.e. WebSocket and Server-Sent Events for real-time communications and fast Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, HTML Canvas for charts and technical analysis, WebRTC for peer-to-peer Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term – and most important, all of this is fast enough to compete on par with the best desktop-based trading applications.

Advantages of Web-Based Trading Desks

The immediate advantage of 100% web-based trading desks is that they are immediately available from everywhere, without the need of installing cumbersome software packages, dealing with updates, security patches etc. Just open your browser, type your broker name, or click on a bookmark and you are all set! Until very recently though, web clients were offered as an option by some of the FX brokerages; however, the technological advantages of HTML5 and wide browser support finally became so apparent that some of the new FX startups went all in, offering the web trading desk as the primary platform interface (including my own company, EntryForex).

Ultimately, using HTML5 features properly requires significant technological investments, and not many companies are currently able to afford it, while having a very convenient option of sticking with very familiar, but a little boring MT4. But these changes are inevitable, and some technological diversity is long needed in the FX community – how else the customers will make an informed choice between thousands of remarkably similar brokerages that had been using the same old platform for more than a decade?