Alpari US announces the launch of the JForex PAMM system powered by Dukascopy. Alpari US licensed Dukascopy JForex platform last year as due to Dodd-Frank rules Dukascopy was required to stop accepting US clients. Dukascopy had to decide what to do with its existing clientele as well as with the monetization of its technology which is popular with some traders and licensing the technology to regulated American brokers was a smart solution. At the same time Dukascopy's platform was also licensed by FXDD which too is offering it to American traders and recently started offering it to the European ones as well.
One of the more popular features of Duksacopy's JForex platform is the PAMM terminal which is essentially a solution for money managers. Interesting enough is that Alpari has its own PAMM solution which will now co-exist with the Dukascopy's one. In sake of attracting more traders and differentiate itself Alpari here takes the platform of a competing firm and offers it to its own traders competing in a way with its own solutions. In this aggressive market every trader matters.
Another point worth mentioning is that Alpari does this despite NFA targeting PAMM solutions which in its interpretive notice published a while back it considers as actually being Commodity Pools and hence falling under the CPO regulatory requirements. Alpari must have considered this and found that this PAMM solution (and its own) doesn't fall under this definition.
Updated: indeed Alpari had this to say: "Alpari (US) has been working diligently with developers for the past several months to be able to develop and design a bulk order management system, that complies with the new requirements set forth by NFA Compliance Rule 2-10 (PAMM) coming into effect June 18, 2012. Alpari’s PAMM systems are already operating in compliance with this new rule."
Alpari (US) proudly presents the Alpari JForex PAMM terminal, powered by Dukascopy Bank, an innovative white label solution for Professional Money Managers and CTA’s. This terminal offers a full suite of management tools designed to enhance trading of managed accounts.
Utilizing Dukascopy’s percentage allocation system, external Money Managers are offered advanced Risk Management options and greater control over managed accounts. One click immediate and automated trading can be applied to all accounts in the terminal, or to one account (including removal) without affecting any of the other accounts. The JForex PAMM terminal was designed with both the individual traders comfort and Money Managers confidence in mind, by offering full transparency through real time account information accessible for both the manager and the client.
The Alpari JForex PAMM solution provides a sophisticated trading environment for managed accounts, featuring:
- Investment Protection Solution utilizes Stop-Loss limits for individual accounts
- Accept /decline and fund managed accounts from one screen
- Immediate and automated trade allocation between accounts
- Monitor and trade managed accounts on the go via iPad or iPhone
