TraderMade

Last updated
Tradermade International Ltd
Privately Held
Industry Financial Services
Founded London, England 1984 (1984)
Headquarters
London
,
United Kingdom
Number of employees
>50
Website www.tradermade.com

Tradermade is a UK-based company selling financial software, data (FIX, REST), charting, and electronic trading. The company specialises in the foreign exchange market. [1]

Electronic trading platform

An electronic trading platform, also known as an online trading platform, is a website or computer program with a graphical user interface used to trade financial assets via an electronic communication network, stock exchange, alternative trading system, crossing network, or dark pool with a financial intermediary such as a stockbroker, investment bank, or broker-dealer, or directly with market makers or other participants. Financial products commonly traded include stocks, bonds, currency, exchange-traded funds, commodities, and derivatives. Such platforms allow transactions to be executed from any location and are in contrast to trading via open outcry.

The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.

Contents

It provides desktop charting software as well as cloud based and mobile charting solutions both containing technical analysis functionality. [2] It also provides a FX data API. [3] [4] [5] TraderMade provide variants of its software to investment banks and stockbrokers to enable charting on their electronic trading platforms and customer portals. [6]

Cloud computing form of Internet-based computing that provides shared computer processing resources and data to computers and other devices on demand

Cloud computing is the on demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. The term is generally used to describe data centers available to many users over the Internet. Large clouds, predominant today, often have functions distributed over multiple locations from central servers. If the connection to the user is relatively close, it may be designated an edge server.

Technical analysis security analysis methodology

In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.

Stockbroker professional who buys and sells shares and other securities for both retail and institutional clients

A stockbroker, share broker, registered representative, trading representative, or more broadly, an investment broker, investment adviser, financial adviser, wealth manager, or investment professional is a regulated broker, broker-dealer, or Registered Investment Adviser who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage of assets, or hourly rate. Examples of professional designations held by individuals in this field, which affects the types of investments they are permitted to sell and the services they provide include Chartered Financial Consultants, Certified Financial Planners or Chartered Financial Analysts, Chartered Strategic Wealth Professionals, Chartered Financial Planners, and Master of Business Administration. The Financial Industry Regulatory Authority (FINRA) provides an online tool designed to help understand professional designations in the United States.

TraderMade also has trained financial analysts who provide high-frequency intraday market commentary and real-time news services to subscribers.

TraderMade software is designed and developed in the UK.

History

The company was founded in 1984 as a privately held company.

Privately held company business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members, and the companys capital stock is offered, owned and traded or exchanged privately

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately or over-the-counter. More ambiguous terms for a privately held company are closely held corporation, unquoted company, and unlisted company.

Since 1984, TraderMade has collected, cleaned and maintained currency market data so that its products have access to a historical market data set which has a high frequency (minute bar) currency (FX) data back into the 1980s. [7]

The company also provides high-frequency tick feed, including historical tick data going back several years.

In 2014, TraderMade licensed VB-and Java-based versions of its software for desktop charting to third parties.

Java (programming language) Object-oriented programming language

Java is a general-purpose programming language that is class-based, object-oriented, and specifically designed to have as few implementation dependencies as possible. It is intended to let application developers "write once, run anywhere" (WORA), meaning that compiled Java code can run on all platforms that support Java without the need for recompilation. Java applications are typically compiled to "bytecode" that can run on any Java virtual machine (JVM) regardless of the underlying computer architecture. The syntax of Java is similar to C and C++, but it has fewer low-level facilities than either of them. As of 2018, Java was according to GitHub one of the most popular programming languages in use, particularly for client-server web applications, with a reported 9 million developers.

Products and services


Financial Market Data

We provide currency data to financial institutions and traders through a Financial Information eXchange (FIX) feed and a REST API. Our Interbank data feed is sourced from Tier-One banks & institutions, it includes 40+ spot currencies plus Gold and Silver.

The Financial Information eXchange (FIX) protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to securities transactions and markets. With trillions of dollars traded annually on the NASDAQ alone, financial service entities are investing heavily in optimizing electronic trading platforms and employing direct market access (DMA) to increase their speed to financial markets. Managing the delivery of trading applications and keeping latency low increasingly requires an understanding of the FIX protocol.

Desktop charting

The Java-based version is a Cloud/SaaS product which runs on any platform (for example Windows, Unix, Linux, macOS) with an internet connection and supporting the Java run-time framework. The VB version is Microsoft Windows desktop-only with data being saved on the local computer. Market data displayed within the charting applications is supplied by TraderMade or is imported manually by the user.

White label charting

TraderMade have three different charting solutions that can be integrated within third-party applications or websites. These are developed in Java, Silverlight and HTML/HTML5. White label charts can use real-time data supplied by the platform, or use TraderMade's historical data.

News and Commentary

TraderMade produce intra-day commentary & strategy on 42 of the global currency markets. This is supplemented by news and technical alerts generated in real-time by technical analysts and monitoring algorithms. Much of the news and commentary is available using web APIs.

Related Research Articles

Electronic Broking Services (EBS) is a wholesale electronic trading platform used to trade foreign exchange (FX) with market making banks. It was originally created as a partnership by a number of the world's largest banks and is now part of NEX Group.

Direct market access(DMA) is a term used in financial markets to describe electronic trading facilities that give investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book is restricted to broker-dealers and market making firms that are members of the exchange. Using DMA, investment companies and other private traders use the information technology infrastructure of sell side firms such as investment banks and the market access that those firms possess, but control the way a trading transaction is managed themselves rather than passing the order over to the broker's own in-house traders for execution. Today, DMA is often combined with algorithmic trading giving access to many different trading strategies. Certain forms of DMA, most notably "sponsored access", have raised substantial regulatory concerns because of the possibility of a malfunction by an investor to cause widespread market disruption.

Day trading software is computer software intended to facilitate day trading of stocks or other financial instruments.

CQG is a US-based company creating financial software solutions for market technical analysis, charting, and electronic trading. CQG specializes mostly in the futures market but provides both real-time and historical data from more than 100 exchanges from North and South America, Europe, Asia and Australia, including CBOE Futures Exchange (http:cfe.cboe.com) CME, CBOT, NYSE, NYMEX, LIFFE, LSE, London Metal Exchange, SGX, SFE, Euronext, ICE, Osaka Securities Exchange, Tokyo Commodity Exchange, Tokyo Stock Exchange, as well as financial news from several providers.

The interbank market is the top-level foreign exchange market where banks exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services (EBS) and Thomson Reuters Dealing are the two competitors in the electronic brokering platform business and together connect over 1000 banks. The currencies of most developed countries have floating exchange rates. These currencies do not have fixed values but, rather, values that fluctuate relative to other currencies.

Retail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market.

Matchbook FX

Matchbook FX was an internet-based electronic communication network for trading currency online in the Spot-FX or Foreign exchange market. It operated between 1999 and 2002.

MetaTrader 4 electronic trading platform

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.

City Index is a spread betting, FX and CFD Trading provider based in the UK. City Index is part of GAIN Capital and is regulated by the Financial Conduct Authority. The company is headquartered in London and has offices in the United Kingdom, Australia, Singapore and Dubai. 72% of retail investor accounts lose money when trading CFDs with this provider.

AxiCorp Financial Services Pty Ltd is an online margin Forex business providing Foreign Exchange (Forex) trading, Contract for Difference (CFD) trading and currency transfer services. The company is headquartered in Sydney, Australia and has offices in London, Shanghai, Chisinau, Dubai, Riyadh and Jeddah.

MRC Markets is an Austrian financial brokerage firm offering on-line trading in Forex and CFDs. It has membership of the Vienna Stock exchange and licensed in Russia and Lithuania. It has offices in Russia, the UK and India.

MetaQuotes Software is a Russian software company that specializes in the development of software for foreign exchange trading. MetaQuotes main product is the MetaTrader family of online trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Pepperstone is an Australian online retail foreign exchange broker specializing in foreign exchange ("forex") trading. The company is headquartered in Melbourne, Australia. It provides forex trading on more than 72 currency pairs, metals and commodities.

Hirose Financial UK Ltd. is a UK-based retail foreign exchange broker that provides foreign exchange trading on margin through its own online trading platform called LION Trader. It is a subsidiary of Japanese FX company Hirose Financial that provides online trading solution to forex traders.

FXOpen retail and institutional forex broker

FXOpen is a retail and institutional forex broker offering online trading services via the MetaTrader 4 trading platform with registered headquarters in several locations, including London, United Kingdom. It provides access to the electronic communication network (ECN) to execute trades in currencies, precious metals, CFDs and cryptocurrencies. FXOpen companies operate in Australia, Russia, Saint Kitts and Nevis and the United Kingdom and have representatives in a number of other countries.

ProRealTime is a technical analysis software designed and developed in France by IT-Finance. It consists of an electronic trading platform and a technical analysis software used to analyse financial markets.

Integral Forex

Integral Forex, a branch of Integral Securities, is a Turkey-based financial trading services provider specialized in foreign exchange (forex) and contract for difference (CFD) brokerage.

Kawase

Kawase is an online brokerage registered in Cyprus that provides financial trading contracts for difference (CFD) on the currency markets, shares, ETFs, major indices and commodities such as precious metals; gold and crude oil. Kawase accommodates its financial services to both retail and institutional clients. The company is regulated by CySEC and is authorised by a number of regulatory authorities thus falls under the European Union’s Markets in Financial Instruments Directive (MiFID).

References

  1. ↑ Made in Trader's Heaven, Dominic Picarda, Investors Chronicle (Financial Times), May 6, 2009.
  2. ↑ TraderMade Adds Content Capabilities, Max Bowie, Inside Market Data, August 1, 2011.
  3. ↑ https://tm-marketdata.com/
  4. ↑ HSBC Adopts TraderMade Mobile Solutions, e-forex, February 14, 2006.
  5. ↑ Maverick is Top Gun for Charts, Dominic Picarda, Investors Chronicle (Financial Times), March 9, 2011.
  6. ↑ DrKW adopts TraderMade Charting on Platform, FXWeek, July 7, 2003.
  7. ↑ Popular Currency Pairs Traded in the Forex Market, Bruce A. Collins, forexrev, April 15, 2014.
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