The removal of MetaTrader 4 and 5 apps from the App Store,
along with the fact that MetaQuotes has put on hold accepting applications for
white-label solutions for MT4 and MT5 trading platforms, reminds us how
volatile the field of Forex trading technology can be.
Therefore, we deem it necessary to remind our followers of
the factors that come into play when we develop a white-label technology to
launch a Forex broker. One such example is our TickTrader
trading platform, which allows brokers to issue white-label licenses — and
place their own trading applications in the App Store and Google Play sans
restrictions.
Table of Contents
Flexible
range of functions
Regardless
of the type of audience we are addressing, our trading platform should be able
to meet the needs of both novice and experienced users. Newcomers may not plan
to use custom alerts or create their own EA yet, but what if they do in the future?
By identifying these needs in advance, we can greatly improve our chances of
keeping old customers and attracting new ones with the growth of our business.
Advanced
users will appreciate features such as one/double-click trading mode (perfect
for analyzing fast-moving markets), advanced trading alerts with the ability to
bind on the server side (so client activity is not tied to the state of trading
applications), or detailed charts with the options to draw, view volumes,
trades, and set alerts.
Choosing a trading account
that best suits one’s needs
Clients
should be able to select the account type that best suits their needs, based on
the currencies they want to trade, the instruments, the initial deposit, the
brokerage bonus offer, etc.
With the
TickTrader trading platform, one can open both margin accounts (leveraged) and
spot exchange accounts (cash), with margin accounts subdivided into gross and
net.
Advanced
order types
It would be
useful if advanced orders were offered in addition to the usual order types
(market and pending orders, including Stop, Limit, and Stop Limit orders),
allowing experienced traders to develop more complex trading strategies.
In addition
to complex orders such as Good Till Cancel or Hidden, the TickTrader Trading Platform
also allows the creation of order strategies such as Ladder, or OTA (One
Triggers Another). As a result, users will be able to adapt to different market
conditions much more easily.
Slippage
control
To avoid or
reduce slippage, it is desirable to apply a slippage control function. For the TickTrader trading platform,
Slippage control implies the following operating principle: the Slippage
control value is added to the price of the client’s market order, then an IOC
(Immediate or Cancel) order is placed. The liquidity provider commits to
execute this limit order at the available prices, but not below the limit order
price.
A
terminal for each platform
With
multi-language web, desktop, and mobile terminals, our clients may select the
most effective manner to use our services. Four different types of client
terminals, each with a specialized set of features created for a specific
context, are available through the TickTrader trading platform.
The TickTrader desktop terminal
offers access to both low-latency marginal trading and exchange of FX and
Crypto products, as well as high-end features.
With the
TickTrader Web Terminal, one can access TickTrader from anywhere with only a
computer and an internet connection. Last but not least, the TickTrader mobile
terminal (available for iOS and Android) offers convenient 24/7 access to
mobile Forex and exchange trading through the Internet.
A comprehensive API kit
The
TickTrader trading server’s application programming interfaces kit enables
developers to build specialized trading tools and interfaces for use with
no-terminal trading. The Web REST API, Sockets API, FIX API, SFX, and Manager
API are all included in the TickTrader trading platform API kit.
Among
other functions, the TickTrader’s API kit allows users to receive detailed
information about financial instruments, user accounts, and trading operations,
and connect securely to the TickTrader Server to get information about quote
flows (currencies, symbols).
Business side features
We have discussed the advantages that the trading platform
may offer to the end user above, but we must remember, nevertheless, that there
are many helpful features hidden inside that will make the lives of
administrators much easier.
We will examine the modules that have been built as a part
of the TickTrader trading platform administrative architecture because every
software supplier approaches this problem differently.
Sublicensing
Customers
that use the TickTrader Trading Platform as part of a white label solution may
now provide sublicensing services. As soon as the solution is implemented, the
sublicensing system is immediately usable and relatively straightforward.
As part of
the contract with Soft-FX, the software buyer is entitled to supply a
sib-license and possibly boost their earnings through increased trading volumes
and extra commissions.
Algo-Studio
The
protocols included in TickTrader Algo Studio enable for the creation and
operation of algorithmic trading systems. It has pre-installed market-maker
algorithms that provide administrators the power to control price flow,
liquidity, and pricing guidelines for any token or derivative product.
A
collection of trading bots and pre-built algorithmic trading systems are also
included in the TickTrader trading platform software package, which also offers
the option to import and convert strategies from MT4 and MT5 for usage in
TickTrader in the future.
Stock
Events Module
This module
enables tailoring stock operations on the trading platform in accordance with
corporate events that take place at a specific period. Any move that
significantly alters a stock-issuing corporation and has an effect on its
stakeholders is referred to as a corporate action.
Corporate
activities include things like dividends, stock splits, mergers, acquisitions,
and spinoffs, all of which in the absence of automation can demand a lot of
processing time and resources.
For
instance, stock splits may cause significant gaps to appear on the chart,
giving the appearance of a sudden decline in price. Technical indicators would
provide false sale signals based on the chart.
A technique
to prevent such situations is the TickTrader Stock Events module. By removing
any gaps left behind after occurrences like splits, dividends, and mergers and
acquisitions, this functionality enables us to change data and make our
platform as adaptable as feasible.
Liquidity
Aggregation
The
TickTrader trading platform may be set up to produce market depth feed and
enhance liquidity flow diversity.
· Utilizing a strong matching engine, for
instance, enables customers to create internal liquidity and operate as both
price-givers and takers of prices. This implies that we will be able to contribute
our clients’ orders to the market depth in addition to the liquidity from
external providers. This can greatly lower the costs associated with the fees
paid to the liquidity providers.
· Expanded alternatives for risk
management provide a hybrid A-book/B-book paradigm that is implemented through
a trading multiplier system, allowing for the assignment of a trading
multiplier to each trading account on the platform. The multiplier’s value
affects how much of the proposed trading volume is sent to the outside market,
allowing us to manage successful clients in accordance with current company
goals.
Admin Console
TickTrader
has a comfortable administrative console. The workflow and user interface were
created with an emphasis on the possibility of completely varied experiences
among the employees who will utilize this capability.
For
example: dealing
department workers who have prior expertise utilizing the admin and manager
components of MT4 and MT5 should find it quite simple to grasp the TickTrader
admin panel.
In conclusion
We hope that
the details above have helped you get a clearer idea of how a dependable
white-label trading platform’s functionality is designed and executed. Our
staff is here to answer any questions you may have about the TickTrader trading
platform, which gives consumers the option to perform trading operations on
both a cryptocurrency exchange and an FX brokerage.
This
platform serves as a strong basis for the exchange and brokerage industries. Contact us!
