PFSOFT’s Multibroker Platform ProTrader Now Connects to Interactive Brokers

After the recent announcement that Interactive Brokers Group, Inc (NASDAQ:IBKR) will no longer offer leveraged forex trading to retail customers, some good news for its clients. Multi-asset 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 developer PFSOFT has connected its Protrader Multi-Connect (PTMC) platform with Interactive Brokers - allowing for greater variety and choice in the number of platform options for IB traders.

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PFSOFT is one of the fastest growing developers of trading technology, and from the beginning of this year it has made similar connections to three Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers: FXCM, LMAX and OANDA, as well as to new data feeds, such as Quandl, IQFeed. But they consider connecting to IB, one of the most popular online brokers in the world, as taking it to a whole new level.

The company wrote to clients: "Considering that the IB is one of the largest FCM, which gives access to a large number of exchanges, this is a huge step towards the possibility to trade not only OTC products, but also stocks, options, futures, ETF, bonds etc. via PTMC trading platform. Our previous IQFeed connection allows PTMC traders to receive reliable real-time market data. But we went further, and now we can combine several vendors to trade with Interactive Brokers through the multi-connection mechanism."

Back in April PFSOFT completed the addition of its algorithmic trading solution AlgoStudio into the Protrader trading platform. The solution is used by automated traders and is now part of the AlgoStudio solution within the PTMC platform.