FX Tek Launches System Trader; The Brokers’ Supplement to MetaTrader

FX Tek recently launched a new system based Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term called the FX Tek Easy System Trader, designed to meet the demand of traders looking to build and test their own systems without the need for sophisticated computer programming. The FX Tek Trader, a FIFO compliant solution, was designed in response to the recent growth of MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) and growing interest among retail traders for system based trading, but unlike MT4, FX Tek provides a more robust environment for self-directed traders to easily build, test, and auto-trade custom trading systems.

“Anything that can be done in MT4 can be built with the FX Tek System Trader,” comments Bill Reynolds, Managing Partner at FX Tek, “and via our simplified point and click wizard, we have eliminated the need for custom programming and complicated code.”

The FX Tek System Trader, is provided directly to brokers, who in turn provide the platform to their clients. In addition to the software, FX Tek provides ongoing broker support, including custom script building, script building support, white labeled education and webinars, system trading newsletter, platform updates, customization and technical support.

“Unlike other trading platforms, FX Tek features a low cost to entry, with customized branded solutions starting at just $5,000,” continued Bill Reynolds “and we have developed an extensive suite of broker support services to ensure an effective and sustainable product launch for our broker partners.”

FX Tek also provides solutions for brokers whose clients are using scripts designed in other languages, including MQL4, and convert them and create a simple way for traders to then modify the elements of those systems. This enables traders who currently use MT4 or other system languages to not only easily migrate to FX Tek, but much more easily modify and test variants of those systems.

FX Tek is designed to accommodate all asset classes, including, but not limited to, Forex, Futures, Options, Equities and CFDs and is available in all languages. A web based version will be available to brokers by Q4 2009..

For more information, or to schedule an overview, go to www.fxtek.com or contact Bill Reynolds at bill@fxtek.com.