Spotware Systems, the London-based expert in online trading technology, appears to be on a roll for quite some time: the launch of cTrader, the platform that surprised everyone with its excellent trade execution, has won the company a wide acclaim. Just a few days ago, the duo behind the revolutionary platform: Andrey Pavlov and Ilya Holeu, got the FX Person of the Year 2012 award, given away by information website FXStreet.com.
The efforts to improve the customer experience are continuing and Spotware Systems has revealed that it will launch Spotware Connect, an open Application Programming Interface (API) for cTrader. Do not get scared by the complicated API term: what hides behind it is a protocol that allows improved communication between various software agents. In fact, you may be familiar with some open APIs without even realizing it: social networking websites Facebook and Twitter have already introduced their open APIs.
The launch of cTrader's open API will allow third-party users to construct their own cTrader systems and to integrate forex-related software that is already present in the market into
the platform. What this means is that if you use cTrader and feel that some functionality is missing to make your experience perfect – you may build it yourself, using the Spotware Connect capabilities, or install an already existing product. Although, since I want to be as frank as possible with you, I'm not sure what else can be added to the platform: it updates so often that one can hardly monitor all of the developments.
The best part about the upcoming API is that it will be open to absolutely everyone – even to forex and software rookies. There will be no restrictions, concerning the broker you're using.
If that's not sufficiently attractive for you, you should know that Spotware Systems promise that Spotware Connect will be as simple as possible to use.
The openness of Spotware Connect comes in contrast with recent statements by MetaQuotes Software Corp., the company behind the automated trading platform MetaTrader. The company has been going through a raft of frictions
with brokers using third-party software products on the MT. Metaquotes insists that much of this software violates license agreements and creates technical problems, and has warned brokers to avoid using such products on the platform.
As the MT platform is heading towards some restrictions, cTrader's Spotware Connect heads in the opposite direction, offering wider access.
What else does a trader need, apart from a stable platform like cTrader with an open API? A cup of coffee would be nice though, since you're going to spend plenty of time engulfed by this amazing service.
About Spotware Systems
Spotware Systems is a London-headquartered financial technology provider supplying comprehensive e-FX STP solutions for brokers, banks and their clientele.
Spotware are best known for their flagship NDD (non-dealing desk) and STP (Straight Through Processing) trading platform, cTrader, as well as the algorithmic trading platform cAlgo. The corporate team of more than 60 highly qualified financial and technology experts offers an easily integrated PaaS (Platform as a Service) service to broker-dealers and other financial services firms.