Panda TS Releases Platform for Integrating Proprietary Trading Systems with MetaTrader 4

Panda TS, a global leader in FX technology, today announced the launch of Panda Sync Server, a product which enables FX brokers to integrate and synchronize MetaTrader 4 with their existing proprietary systems. This eliminates the need to operate two trading environments, reducing cost and complexity.

Today’s retail FX world is becoming increasingly competitive, and brokers are adding more services to attract new customers. One such service is the popular MetaTrader 4 (MT4). Brokers are adding MT4, or other third-party platforms, alongside their proprietary trading platform—but then find that they are forced to operate two or more separate trading environments. This adds overhead, cost and complexity, and scatters valuable customer data across multiple separate information systems.

Panda Sync Server solves the problem by offering multi-way synchronization between MT4, other third-party trading platforms, and a broker’s proprietary trading system. Panda Sync Server does not add one more central system—it simply pushes MT4 data to the existing proprietary systems. Brokers can integrate MT4, or other third-party platforms, and deliver immediate value to traders, without affecting their business.

Panda Sync Server is most suitable for top-tier FX brokers, which already offer MT4 as an additional trading platform, or are considering adding it. Because these brokers manage a large volume of customers and transactions, maintaining two separate trading platforms becomes a major challenge. With Panda Sync Server, large brokers can add MT4 to their service offering without sacrificing scalability and agility.

“We have recently implemented Sync Server at a top-ten FX broker, and I was very pleased with the results” said Sam Gutman, CEO of Panda TS. “Our dedicated integration team was able to complete the project in only a month, and our client was immediately able to offer MT4 services to traders and second-tier brokers. In parallel, the client substantially reduced operating costs and complexity, by managing only one trading environment, instead of two.”

Alpari (UK) Limited (“Alpari (UK)”), one of the fastest-growing providers of foreign exchange (“Forex”, “FX”), contracts for difference (“CFDs”) and precious metals online trading services, today announces that the company has acquired CMS Japan K.K.; renamed Alpari (Japan). The new office will be an independent entity providing trading services in Forex, CFDs and precious metals.

“Alpari (Japan) is another milestone in the rapid global expansion of the group of Alpari companies in Asia and globally.”

Andrey Vedikhin, CEO of Alpari (UK), comments, “We are very excited about having a local Alpari team in Japan. Forex is much more widely understood there than in most other places around the world, with people from all different backgrounds trading currencies on a regular basis. It’s a competitive arena for brokers but as one of the leading MetaTrader specialists and with our successful global business model we have something unique to offer to our clients in Japan. The Alpari (Japan) team is confident that it will soon become the leading MetaTrader broker in the country.”

Combined, Alpari (UK) and the new Alpari team in Japan will hit the ground running, as each has extensive experience in the Japanese Forex market. Until December 2010, Alpari (UK) provided a full suite of trading services to Japanese residents. As one of the leading MetaTrader brokers the Alpari companies are ideally positioned to capitalise on the enormous interest Japanese traders have in this highly advanced trading platform.

Mushegh Tovmasyan, Global Head of Sales at Alpari (UK), adds, “Alpari (Japan) is another milestone in the rapid global expansion of the group of Alpari companies in Asia and globally.”

Source: www.businesswire.com

Panda Sync Server – MetaTrader 4 to Proprietary Trading Systems Platform Released by Panda TS

Panda TS, which makes products for the forex market, announces a new product for forex brokers that aims to simplify and to lower costs.  It allows the  integration of the popular MetaTrader 4 platform with other systems that already exist.

Panda TS, a global leader in FX technology, today announced the launch of Panda Sync Server, a product which enables FX brokers to integrate and synchronize MetaTrader 4 with their existing proprietary systems. This eliminates the need to operate two trading environments, reducing cost and complexity.

Today’s retail FX world is becoming increasingly competitive, and brokers are adding more services to attract new customers. One such service is the popular MetaTrader 4 (MT4). Brokers are adding MT4, or other third-party platforms, alongside their proprietary trading platform—but then find that they are forced to operate two or more separate trading environments. This adds overhead, cost and complexity, and scatters valuable customer data across multiple separate information systems.

Panda Sync Server solves the problem by offering multi-way synchronization between MT4, other third-party trading platforms, and a broker’s proprietary trading system. Panda Sync Server does not add one more central system—it simply pushes MT4 data to the existing proprietary systems. Brokers can integrate MT4 (http://www.pandats.com/products.asp?p=panda_sync_server), or other third-party platforms, and deliver immediate value to traders, without affecting their business.

Panda Sync Server is most suitable for top-tier FX brokers, which already offer MT4 as an additional trading platform, or are considering adding it. Because these brokers manage a large volume of customers and transactions, maintaining two separate trading platforms becomes a major challenge. With Panda Sync Server, large brokers can add MT4 to their service offering without sacrificing scalability and agility.

“We have recently implemented Sync Server at a top-ten FX broker, and I was very pleased with the results,” said Sam Gutman, CEO of Panda TS. “Our dedicated integration team was able to complete the project in only a month, and our client was immediately able to offer MT4 services to traders and second-tier brokers. In parallel, the client substantially reduced operating costs and complexity, by managing only one trading environment, instead of two.”

Panda Sync Server includes:

• Data Feed Adaptor for MT4
• Trading Hub with 2-Way Synchronization Engine
• Administration Hub with 2-Way Synchronization Engine
• Direct Access to MT4 Modules
• Support for Unlimited Trading Interfaces

Source: www.forexcrunch.com

By Warren Seah

Back testing and demo-ing are a key component for evaluating effective trading system. The theory is any strategy that work well in the past is likely to work well in the future. Conversely, any strategy that performed poorly is most unlikely to perform good results in the future.

Advantages for Performing Demo and Back-testing Evaluation

1. History repeats itself. Repeated patterns can be identified from the back-test.
2. Investors can be educated with key ratios like max draw-down so that they know what to expect when using the systems.
3. Increases investors’ confidence to rely on the systems during the draw-down period. Thus, investors know when to stick to the trading rules and when to discard the trading system.
4. Provides an estimate of the probability and magnitude of the potential trade profits and losses because the performance statistics can be reproduced by back-testing.

Limitations of Demo Testing and Back-testing

1. Spreads

Liquidity conditions during certain news hour may narrow the spreads. GMT day spread and night spread may differ due to liquidity conditions. All of this widening and narrowing of spreads may not be accurately accounted for in the bid and ask price.

Strategy that requires certain max spread conditions would not have perform as well in live trading compared to a back-test.

2. GMT OffSet

The server time may change at certain time of the year in UK and US due to summer and winter daylight saving hour. The price and history feeds may not correspond to the specified chart timing. This will mean that certain strategies that only trade at certain hours may get prices mismatch figures.

3. Brokers’ Manipulation

Certain brokers’ will offer close to ideal trading conditions in the back-test and demo test. This ideal conditions certainly do not happen when trading live. The idea doing this is to attract as many potential traders to use their services. You can find out more information on some of the popular forex forums online.

4. Trade Entry Method

Systems that use market order for entries may face difficulty in getting in at the right price you want in the live conditions. The fact is during live conditions, the market price will be very volatile and getting in at the right price manually will be a problem. There will be a difference in the entry prices between back-test or demo with live conditions.

Summary

Having to recognize the limitations of backtests and demo test, it will help us in understanding more about how the trading systems work and how to evaluate and analyze a system better. It does not mean that backtest results do not work, the fact is, it still works.

Leverate Unveils New Version of Web Trader Front-End Platform for MetaTrader

(PRWEB) August 18, 2010

Leverate (www.leverate.com), a leading provider of comprehensive and innovative solutions for brokers, announced today the recent launch of an enhanced version of Leverate Web Trader.

The new version of Leverate Web Trader introduces a wealth of improvements, both in terms of functionality and usability, which revolutionize the way people trade using MT4. This fully compatible, broker-branded, browser-based front end for MetaTrader MT4 is linked directly to the downloadable version of MT4 Client.

Full synchronization ensures that any trades executed over Leverate Web Trader will automatically be updated in the trader’s installed MT Client version as well as on the Leverate STP Platform. Like its predecessor, the new version of Leverate Web Trader enables clients to trade anytime, anywhere over the web using their MT4 login details, with the addition of many new features and exciting tools catered to the needs of today’s on-the-go traders. The solution has already being adopted by most of Leverate’s MT4 “private label” brokers, as well as other major industry players.

Read full press release here