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FXCM Adds Seer Trading to Forex Platform Lineup

FXCM, the leading US-based Forex broker, has added Seer Trading – the platform specifically designed for algorithmic trading and automated systems development, to its menu of platforms. The period of integration of the broker's and the software company's technologies has successfully ended and now clients of FXCM can download a version specifically designed for this broker.
 
Seer Trading is particularly aimed at independent and institutional traders using algorithmic systems, systematic money managers, as well as developers of expert advisors (EAs).  Of course, there are many other platforms that allow for building of automated strategies thanks to an own API. Still, Seer Trading stands out thanks to the institutional trading environment it provides. 
 
And this is not the end to it, as quantitative analysts are able to develop programs using the  “R” statistical package, then convert the code directly into a ready-to-use algorithm – hence there's no need of a professional programmer to step in. In addition, the platform allows traders to back-test simultaneously numerous algorithms against a single account. The latter has not been offered by any of Seer's rivals before.
 
FXCM is now the second broker to offer Seer Trading after Interactive Brokers. Seer Trading's founder Jeremy White praised the partnership with FXCM and voiced his hope that sophisticated Forex traders would appreciate the compelling offer. 
 
 
You can read the full press release below: 
 
Seer Trading now available through FXCM
 
Next-gen algo-trading software integrates with one of the world’s leading forex broker
 
London, February 6, 2014 - Seer Trading (www.seertrading.com), a developer of automated financial trading and back-testing software, has today announced that it has completed an integration of its technology with FXCM, one of the world’s leading forex brokers. By incorporating access to Seer Trading in its offering, FXCM clients now have the ability to test and develop algorithmic trading strategies in a institutional environment. 
 
Jeremy White, Founder of Seer Trading, commented:
 
“Seer Trading has a number of revolutionary facets relating to both the testing and execution of algorithmic trading strategies. For the first time, quantitative analysts can now develop trade ideas using the powerful “R” statistical package, then convert them directly into a usable algorithm without the need for a programmer to intervene. Furthermore, multiple algorithms can be back-tested simultaneously against a single cash account – something that has historically been impossible to achieve.”
 
Seer is being targeted at independent and institutional algorithmic system traders, systematic money managers and EA developers who are building and licensing trading systems. 
 
Jeremy White, added:
 
"FXCM is well known for working with innovative solutions providers and our technology has evidently impressed the broker. We believe the integration of their services and our platform will impress their clients too, delivering a compelling proposition for sophisticated FX traders."  
It is widely accepted that one of the most fundamental aspects in creating a consistently successful trader is to have a diversified portfolio. However, as a result of the historical inability to test and deploy multiple strategies on a diverse portfolio against a single cash account, these trading systems have often been left wanting in anything but the short term. By developing a new system that integrates with best in class trading platforms as opposed to bolting on extensions to legacy software, the Seer Trading solution can now address a myriad of challenges such as this complex - but critical - diversification issue. 
 
Seer’s architecture has also enabled benefits such as the ability to use both Linux and Windows, and also to integrate with the R-platform - the leading open source statistical package available on the market. 
 
 

About FXCM Inc.

 
FXCM Inc. (NYSE:FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com. Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
TAGS: fxcm  fxcm forex broker  fxcm us  us forex broker  seer trading  forex trading  forex platform  automated trading  institutional forex  new platform  forex software  us forex 

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