10 June 2010
PFSOFT’s development team has successfully completed Forex STP integrations of two more leading liquidity providers with the company’s Protrader brokerage software. The Protrader multi-asset platform now offers connection to more than 25 leading international brokers, platforms and data feed providers, to operate on multiple markets, including Forex, stocks, options, futures, and CFDs. Traders can connect to any of these supported providers concurrently, with the platform’s smart-order routing and price-aggregation functionality ensuring that the STP order is sent to the broker offering the best price at the moment of order execution.
«If Protrader customers request a new integration, we can usually implement it in 2-3 weeks, including full conformance testing, once the liquidity provider concerned supplies us with full details of their API». — says Denis Borisovsky, CEO at PFSOFT. «Use of popular protocols like FIX, or the provision of a good-quality (i.e. transparent, structured, and well-documented) API are important here».Saxo Bank A/S is an online investment bank, offering Forex trading with 155 FX crosses (incl. Gold & Silver), as well as 6900 CFDs, Stocks from 22 Exchanges, FX Options, Futures/Commodities, ETCs and ETFs online. BARX is Barclays Capital’s suite of execution platforms deal with over US$50bn in transactions daily. Through BARX, Barclays Capital offers electronic execution and services across fixed income, foreign exchange, futures, commodities, equities, money markets, emerging markets and structured products. PFSOFT’s plans PFSOFT, which develops and supports software for online trading on financial markets, is also planning to integrate with Saxo Bank and Barclays to support trading with their many asset classes in addition to currencies. New integrations with other providers over the coming months are also envisaged, not only for Protrader, but also for its PTmultistation terminal for traders. Furthermore, PFSOFT is now implementing «order matching» to provide a trading-between-traders exchange within the Protrader platform.