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Trade Companion
Supporting multiple FX servers each with their own set of rules was
demanding. Trade Companion understands all investment objectives of a
trader and makes all dealing decisions for the trader. Trader can see
the live profit/loss made and can strategically place orders to earn
more profit. All the components in this software are loosely coupled and
provide a universal multi-user trading platform to trade currencies on
different platforms
This automated foreign exchange trading platform is connected various
brokerage firms such as Currenex, Espeed and Ariel. As the software is
scaling high, The feeds from these top brokerage Firms are sent to Trade
Station. Soon it will also support Neuroshell Trader. The alerts fired
from Trade Station and Meta Trader 4 are captured by this application
and sends them for execution.
This application being for the financial market called for peak
performance around the clock without downtime. All the functionality and
calculations have been verified.
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Salient Features
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Connect/Disconnect from
a trading system. |
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Submitting a buy/sell order. |
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Subscribe/Unsubscribe market data. |
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Analyze market data history stored in a time frame of one hour. |
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Export alerts, executed orders and market data history. |
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Sending feeds to Trade Station and capture trade alerts. |
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Interpret the data coming from trade station and route it through
appropriate trading account. |
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Spot Position gives us a summary for each instrument traded [ Avg Buy
Rate, Avg Sell |
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Rate, All In Rate, Open Rate, Realized, Unrealized,
Realized (USD), Unrealized (USD) ]. |
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Strategy Performance report to provide,s other informations such as
Performance |
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summary, Trade List and Periodical returns. |
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Automated Trading
with Trade Companion |
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Automated trading has been around for approximately
fifteen years and is certainly nothing new to the
financial markets, but with the growth of liquidity and
the accessibility of tight pricing, foreign exchange more
than anything has become both more attractive and readily
available to today’s finance savvy investor. This has
created an explosion in growth within the foreign exchange
automated trading market which looks set to continue. e-Forex
talks with Franco Dimuccio from Trade Companion, an
authorised reseller of Tradestation Technologies, which
has linked up with the liquidity providers,
about their
latest Automated trading and API solutions for the foreign
exchange industry.
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Can you tell us about Trade Companion? |
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Trade Companion
is an automated trading tool designed to help assist FX market
participants Automate their strategies into a multi-bank platform
and, is designed to be a flexible product which can be used to
meet the needs of institutional and retail clients. It has the
ability to provide fully automated trading signals or semi-automated
signals that allow the client to decide whether or not to send or
allocate an order to managed accounts, and is very easy for an
individual trader running his own portfolio to use. Trade Companion
gives the retail trader similar liquidity and speed to that that
institutional players already enjoy. Typically, clients will have
their strategy back tested and be happy to start trading but only
then discoverthat the pricing they are receiving is too punitive,
thus taking away an enormous chunk of their potential gain through
extra spread and costs. So rather than link up to a single bank
roprietary platform, Trade Trade ompanion has developed an API interface
which routes into our multibank providers .
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Why is pricing such
an important issue? |
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It’s important
to explain a little about the multibank providers here.
Whilst they all compete with each other offering competitive
solutions, this is not the overriding factor in choosing one.
The common mistake by most is to confuse multibank providers
with portals. The portals vary in terms of functionality, speed
and contributors. Some banks will price in one portal but not
another, thus affecting liquidity and spread. This is a key factor
but not the full story. Some banks also price providers differently
through the same portal dependent on other factors like the relationship or flow.
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Does integrating the technology pose any problems for client? |
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No, Trade Companion
have integrated all the technology involved. This gives not only
the institutional investor but also the “long-ignored” retail
investor or smaller company the access they need to enter the
automated trading arena without the expensive costs of programmers
and IT integration. All are able to seamlessly execute orders
generated by their TradeStation strategy without any programming!
Tradecompanion is able to Automate and execute your strategy written
in TradeStation, Excel, Wealthlab, Fix, C++, Visual Basic, .NET or
any other proprietary platforms on one account. |
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Can you illustrate some of the key features of Trade Companion? |
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Trade Companion
supports multiple strategies on multiple currency pairs.
Supports , MT4, TradeStation2000i, Neuroshell & Tradestation
8 Do walk forward tests before going live .Create your
own equity graph for promotional and performance update
through the website. Trade companion also allows the
client to be given the signal that a trade needs to be
done but the client can decide whether or not to
send the order.
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How have clients responded to the product? |
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Being the first
developer and reseller in the UK means that our company has
a wealth of experience integrating with Tradestation2000i
and 8. We’ve seen high demand from clients which has led to
us developing the automated interface as well as the feed
from multiple banks into Tradestation 2000i. Steve Pryor,
Director of BGC Foreign Exchange said, "We want to give our
clients the ability to choose which front end dealing platforms
they trade on whilst providing them with competitive pricing
and clearing services. Trade Companion is an excellent product
that will help us to achieve this and is the first charting
package available on our growing suite of FX products."
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Can you show us any live performance of Traders who use the product ? |
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We have 2
partners who work very close with us and do a lost of
business with Trade Companion there accounts are
traded live and you can watch there performance every
day as the graphs are updated on a Daily basis some
on the accounts are Demo and Live mixed to test Strats
going forward.
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