cTrader – a turnkey Non Dealing Desk platform

Spotware Systems is a financial technology provider that strives to put the interests of traders at the heart of all their product development decision making. e-Forex talks to Ilya Holeu, Managing Director, about cTrader and cAlgo, the company’s DMA, NDD and STP Margin Spot FX platform.

First Published: e-Forex Magazine 48 / Product Review / July, 2012

Ilya, why are increasing numbers of retail FX traders looking to choose brokers who offer an agency model of trade execution? Traders are looking to leave the outdated dealer-desk model behind and transition to a more transparent and fairer agency model of execution. DMA, STP and NDD are quickly replacing the decade old inadequacies currently prevalent in the retail FX space. We’re part of a growing number of companies in FX looking to eradicate the problems of failed entries, constant requotes and slow platforms, in exchange for zero requotes, increased transparency and a removal of the conflict of interest between trader and broker. This alignment of interests liberates traders from the market maker’s suffocating grip on trading conditions. We guarantee no risk of price intervention, no stop-loss hunting and no price injections, and we don’t allow virtual dealers who can manipulate positions by, for example, only permitting negative slippage. Traders have decided they want their orders...continued

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