Investing for the future making the right strategic choices about retail forex technology

e-Forex talks to Tom Higgins, CEO of Gold-i, Olga Garaeva, CEO of IFS Software Development Company, Tim Haman, CEO of Fair Trading Technology, Jakub Zablocki, Managing Director of X Financial Solutions and Andrew Ralich, Co-Founder / Principal at oneZero Financial Systems, to discuss some of the key issues forex brokerages and margin FX providers are concerned about as the industry continues to go through a period of rapid growth.

First Published: e-Forex Magazine 54 / Technology / October, 2013

The open platform concept of technology seems to be gaining traction in Retail FX. Why is that and how sustainable is this open environment likely to be? Higgins: When open platforms first emerge, in any market, there are very few applications that can work with it. This is usually followed by a surge of rather low-quality applications, before, eventually, a lesser number of high-quality applications take hold. The Retail FX market is at the early stages of this process and it has a long way to go before any radical changes take place. Open platforms and app stores will take hold as they give the end user choice, which is a good thing, but it will take a few years. The environment will be as open as technology allows, which will include an array of APIs, standard connectors, and graphical widgets as you can see on Android, for example. Garaeva: This open environment brings fresh ideas and new opportunities to Retail FX. New strategies, trading systems and trading signals can be shared with hundreds of...continued

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