Alpari develops technology for FIFO rule

Alpari has announced the creation of a proprietary netting plug-in, which addresses trading with the previously imposed NFA rule, “First in First Out (FIFO).

First Published by e-Forex News: October, 2010

Daniel Skowronski

Daniel Skowronski

Alpari has announced the creation of a proprietary netting plug-in, which addresses trading with the previously imposed NFA rule, “First in First Out (FIFO).”  This proprietary technology allows traders to buy, sell and place opposite-side pending orders and net positions as one aggregated position. “This innovative technology is a continuation of Alpari’s commitment to providing our clients with some of the most advanced trading technologies in the market. We are proud to offer this plug-in as it has been specifically designed and tailored to accommodate U.S. traders with more control and ultimately less FIFO-related difficulties,” says Daniel Skowronski, CEO Alpari.

The NFA has reviewed use of this plug-in, which remains compliant with the FIFO trading rule.