Visual Trading Platform

ballooncadgeInternet and Web Development

Oct 31, 2013 (3 years and 5 months ago)

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20
11

Visual Trading Platform

White Paper



Visual

Trading System
s

Page
2



Table of Contents



About Visual Trading Systems
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3

VT Systems Unique Offering

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4

VT

Trading Platform

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5

Overview

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5

Server
-

side Components

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6

Client

side Interfaces

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6

Internal Applications

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7

Optional components
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7

VT Trader 2.0


the next generation trading application.
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8

VT Trading Platform advantages
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9

For Traders

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9

For Dealers

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10

For Admi nistrators

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11

VT Platfor
m fits your Business Need
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11

Established Forex Brokers

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11

New Forex Brokers

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Visual

Trading System
s

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3




About Visual Trading Systems


Visual Trading Systems has emerged over 10 years ago as an information technology partner of
Capital Market Services, a highly acclaimed US forex

broker and one of the pioneers in online
currency trading.

During the past decade, Capital Market Services has grown into worldwide leader in the retail
forex arena. It had acquired a vast global base of loyal
end users

and introducing brokers who
prais
ed CMS for creating an exceptionally satisfying online trading experience. CMS rapid
growth, solid business practices and cutting edge technologies had earned it numerous
prestigious rewards and special recognitions for excellence from industr
y publicatio
ns and
regulators.
Best Broker USA in 2009 by World Financial magazine and ranked as a Top 3 Broker
in America for the Regional Broker category in Forex Datasource’s first

FOREXDS Trader’s
Choice Awards


just to name a few.

The astounding success of CMS a
s a retail forex broker is in

a

large part attributed to an
integrated front
-
to
-
back trading platform created for it by Visual Trading Systems.

Known in the industry as VT Trading Platform, this suite of proprietary applications combines
the best practices

of proven technological solutions with revolutionary designs and profound
understanding of capital markets. VT platform has always been on the front line of innovations.
Among the most notable are
: VT platform was the first to introduce the “trading fro
m the
charts” paradigm, the first to adopt dynamic Quote Board implementation and Ribbon
graphical interface, as well as complex order types, sophisticated technical analysis tools, smart
order rou
ting and many more of the first
-
in
-
class features. Continu
ous efforts of VT Systems


expert professionals resulted in a robust, efficient, flexible, user
-
friendly trading platform that
help
ed

CMS to achieve excellent profitability, high customer satisfaction and trading volume
growth.

VT Systems keeps pushing th
e technology envelope in the areas of high frequency low latency
event processing, rule based straight through processing, liquidity aggregation and algorithmic
trading.

VT Systems vision is

to capitalize

on the technological and financial industry know
-
ho
w to
continue
creating best of the bread
comprehensive

solutions for the forex market.


Visual

Trading System
s

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4


At the end of 2010 CMS has sold its retail forex operations. This acquisition opened a business
opportunity that never before came forward in the industry.

VT Systems
Unique Offering


Since CMS has departed from retail forex, VT Platform is now being offered

for the first time

to
the forex trading institutions.

In combination with a great
depth
of
possible
customization

these arrangements are designed
to ease buy vs. bu
ild dilemma many companies face so often.

It is the first time ever that a complete modular technological solution is made available to
banks, FCMs, Broker Dealers and IBs interested in providing retail forex services. Over the
years this solution has pr
oved in the real market place its effectiveness, reliability, scalability
and popularity with the trading community
.

I
t is supported by a dedicated team of
development and integration specialists.

VT Platform is able to answer the needs of a wide range of
market participants


from the
largest established market makers to start up introducing brokers.

For
institutions

interested
to provide retail forex trading to their clients VT Platform may
present a cost
-
efficient, fast
-
to
-
the
-
market
opportunity
.

Depending on the
costumer’s specific
requirements VT

Platform can be delivered
under one of
the
two business models:



SaaS


managed hosted solution running in VT Systems environment



Packaged solution
--

delivered and installed on the customer’s site and

maintained by
customer’s IT with non
-
exclusive license to use and modify the software.


Both models

provide for extensive customization, optional services and system components
and various optional maintenance agreements.

Connection to liquidity sources i
s also included.


For institutions looking to take advantage of the worldwide recognition enjoyed by VT Trader
2.0


the award winning desktop front
-
end trading application


VT Trader 2.0

can be
integrated into almost any existing back end trading system.

VT Trader 2.0 is comple
tely self
contained and is back
-
end agnostic
due to its modular architecture. Our delivery specialist
s

can
integrate
it with trading back
-
ends exposing any flavor of API


FIX, dot Net, COM, Java, web
services, etc. VT Trader 2.0 c
omes localized to 12 languages and can be easily branded upon
customer’s request.


Visual

Trading System
s

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5


Whether an institution is in need of a full scale comprehensive forex trading platform or
whishes to enhance its customer appeal by adding advanced desktop trading applicati
on VT
Systems has a solution to offer.

Please contact our business development specialist for detailed product, licensing and pricing
information at
yarane@vtsystems.com


VT Trading Platform


Overview

VT Trading
platform is a powerful, efficient, easy to use, cutting
-
edge comprehensive suite of
applications designed to give the financial institutions the scalability, reliability and speed
required in today competitive business environment. The platform utilizes pr
oven, enterprise
grade technologies
. It is based on industry standard design and development practices that
allow us continuously accommodate changing business and regulatory requirements. Open
scalable architecture makes it possible to reliably support wi
de variations in transactional loads
and deliver performance improvements and expand the platform’s feature set.

Order processing and monitoring engine (a.k.a. Trade Server) runs on industry leading JBoss
application server
and persistency is provided by

Oracle database.



All server side components are written in Java EE with mission critical level reliability and fault
tolerance in mind and can support thousands for concurrent users per server during the most
volatile market conditions. Careful choice of technologies, soli
d architectural decisions and
Visual

Trading System
s

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6


extensive quality assurance
efforts resulted

in

a highly available, stable, efficient and fast
platform

Server
-

side Components

Trade
Server

--

integrated processing engine responsible for order management ( receives and
execu
tes market and conditional orders submitted from client side interfaces), position keeping
(monitors positions, P/L, interests), order monitoring (monitors and validates conditional orders
execution), margin monitoring ( monitors accounts’ usable margin, t
riggers margin calls
)

JFRS/Beacon


rates aggregation and distribution component responsible for connection to
liquidity providers, rate aggregation and filtering, spike protection and downstream
distribution.

VT DB
--

relational database (Oracle or Post
gress) provides persistency and historical data.

Chart Server
--

provides support for integrated charting service, builds, stores and retrieves
price data sets for different time frames do be displayed by client side charting.

Reports server
--

componen
t responsible for accessing trade and price history date and
generating several types of regulatory compliant reports

STPE


component responsible for straight through processing. Provides rule based smart order
routing to the liquidity provider with the m
ost efficient current pricing. It can segregated A
-
book and B
-
book accounts, takes into consideration transactional cost, order sizes and pre
-
set
provider preferences . Has synchronous and asynchronous operational modes.

Client side Interfaces

VT Trader
--

award winning desk top trading application. Main trading interface


see further
details below in a separate section.

VT Web trader


optional browser based trading interface. Operates through all modern
browsers and provides broad but limited as comp
ared to VT Trader set of trading
functionalities.

VT Mobile
--

an optional set of mobile trading interfaces provided by third party and fully
integrated with VT Platform. Mobile platforms available include Symbian, Windows mobile,
iPhone, iPad, BlackBer
ry, i
-
mode.

VT API
--

optional COM compatible trading API allows to build custom trading interfaces.

Visual

Trading System
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7



Internal Applications

VT Dealer


user friendly
desk top application supporting dealing desk operations. Allows full
control market data sources,

rate

spreads and
shifts, order executions
, re
-
quotes, price
negotiations , manual order placement on behalf of the customers, controls and monitors STPE
component.

VT Admin


provides a graphical, web
-
based console for back office operations and system
settin
gs. Enables company personnel to quickly mange customers, accounts, company divisions
(IBs), rates, risk management settings, and trading rules. Rules can be based on specific
currency pair, customer, account and any other attribute of the workflow. It ena
bles company
managers to assign appropriate trading and risk management rules at each level of the
organizational hierarchy. Allows for fund deposits, withdrawals and adjustments as well as
report generations.



Optional components

AdminAPI
--

optional co
mponent exposes back office functionality for integration with CRM
and on
-
boarding applications.

Monitoring Services
--

an optional set of components providing user experience and quality of
service information.

AutoChartist
--

optional implementation of

pattern recognition service by Autochartist.
Used
for technical analysis. This component directs rates stream to Autochartist’s recognition service
and retrieves recognized patterns . Patterns are displayed on the charts within VT Trader 2.0.

News server

--

optional component provides Dow Jones news feed to be displayed in dedicated
window within VT Trader 2.0 Capable of displaying news topics and drill
-
down to the news
articles.

Dealer announcer


optional component provides one way messaging communicati
on from the
dealing desk or administrative personnel to the clients. Clients receive messages immediately
once they login with VT Trader 2.0 It is used to broadcast system wide messages or custom
message can be directed to an individual client or a group o
f clients.




Visual

Trading System
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8



VT Trader 2.0



the

next generation trading
application
.





The advanced VT Trader™ combines an intuitive interface with advanced technical and
fundamental tools to help you visualize and react to the dynamic Forex market.

This comprehensive trading platform sports an efficient and intuitive interface with a multitude
of options to personally organize your workspace. VT Trader™ 2.0 also offers a continually
expanding arsenal of fundamental and technical resources for market
analysis.

VT Trader™ 2.0 sports unparallel client interface personalization with a dozen of skins, multiple
user defined workspaces and layouts
.
Users can m
an
age multiple windows with tabs, r
e
-
arrange, detach and dock win
dows to optimize your workspace, s
ave

and retrieve their
personal

layouts and custom settings.

Trading
with

VT Trader™ 2.0 is made easy with one and two
-
click trading, order panel for orders
placement. Trading from the charts features p
oint and click to open or close trades, drag and
drop
to maneuver stop and limit orders, and zoom in or out to view overall trends


all directly
from the visual forex chart.

VT Trader™ 2.0 supports intuitive creation of advanced order types including Market, Stop,
Limit, If
-
Then, OCO, trailing stops with sev
eral time
-
in
-
force options.

Ability to define orders
relative to each other.

VT Trader™ 2.0 best of breed integrated charting package
offers seven chart styles, two dozen
advanced line studies and a fully annotated library of 120+ technical indicators that

can be
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Trading System
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placed on the active charts in various combinations to satisfy the analytical needs of even the
most advanced traders.

VT Trader™ 2.0 comes with an integrated development environment allowing traders to build

and execute

automated trading strategie
s. The strategy builder
has

a programming editor to
aid clients in creating trading strategies and technical indicators using o
u
r proprietary scripting
language. The language is simple but

fast and

very
powerful. Clients can make use of over a
1000+

pre
-
coded, fully commented trading strategies with source code packaged with VT
Trader™ 2.0. This invaluable source of trading ideas and coding techniques make
s

it easy

even

for
novice

users to quickly get up to speed with automatic trading.

With VT Trader™

2.0 it is possible to integrate news feeds and market research commentaries
and resources to help traders develop their execution strategies.

VT Trader™ 2.0 can speak your language. It

supports interface localization. 12 languages are
ready available and custom localization tools are provided to facilitate addition of other
languages.

VT Trader™ 2.0 is optimized to run efficiently on customer’s computer. It would not hang or
freeze even

under the most demanding trading conditions. It can simultaneously run dozens of
open charts with heavy use of technical analysis tools and trading strategies while taking up a
relatively small portion of the host computer resources.


VT Trading
Platfor
m advantages


VT
Trading Platform was constantly evolving over the course of the past decade. This evolution
was driven by a direct participation of hundreds of trading professionals running, supporting,
administering and trading for one of the
world’s bes
t retail forex brokerage institutions
--

Capital Market Services. Their practical industry knowledge combined with information
technology expertise of our development team resulted in a software package that provides
clear cut advantages to all its users.


For Traders

Modern, customizable, intuitive, multilingual, easy to learn and use,
light client interface

Visual

Trading System
s

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10


Support for multiple complex order types and risk management with stop and limit orders,
including tailing stop on the server side

Multi
-
currency acco
unt monitoring allows to manage profit/loss, currency exposure, account
margin in a currency of user’s choice.

Universal trading accounts allow to support orders of any size: standard or mini

Multiple account management allows trading on multiple accounts
simultaneously and
represents combined or segregated account exposure on the same interface.

Integrated charting based on real
-
time dealing rates renders chart in various chart style over
many time frames, allows to select bid or ask rate series, draw cust
om objects, add annotations
and has virtually unlimited history depth.

Technical analysis capabilities have no rivals with hundreds of build
-
in indicators, numerous line
studies including
Fibonacci

and Gann arc, fans, channels, retracements and expansions,

Andrews’ pitchforks and many more

Simple yet powerful scripting language with integrated development and execution
environment enables traders to create custom indicators and automated trading
strategies.

Reliable connectivity layer makes sure that tradin
g can continue in a secure fashion even over
poor connections; works with firewalls and proxy servers

A full
-
featured, branded online demo is available for training

and evaluation of trading experience.

For Dealers

Real
-
time management of dealing rates
including selection of liquidity sources and currency
pairs, fine grained control over the spreads and shifts

Real
-
time monitoring of clients’ positions and outstanding conditional orders.

Order execution management with ability to negotiate order rates an
d execute orders on
behalf of the clients.

Real
-
time risk management with a clear picture of company’s net exposure in each instrument
and overall; ability to manually book external trades, margin call alerts

generated on the client
and dealer sides
.

Suppo
rt for multiple dealers with individual access permissions, capability to fully track dealer
activities.

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Trading System
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For Administrators

Ease access to administrative functions via browser base administration module.

Support for
flexible organizational structure with u
nlimited number of sub
-
divisions and IBs hierarchically
organized.

Fine control of the system, division and account level business rules. Hundreds of settings to
support any trading or compensation requirements on business unit or account levels.

Uniform o
rganization of trading settings within easy to use and maintain tree
-
like structure.

User friendly interfaces for back office operations including client on
-
boarding, account
creating, bookkeeping functions: deposit, withdrawals and adjustments.

Secure, ro
le based access to administrative functions for back
-
office personnel.

Reporting functionality on business unit and account levels in regulatory complaint formats .

Complaint resolution and auditing facilities providing full details on all trading and
admi
nistrative events throughout the system.


VT Platform fits your Business
Need


No matter what your business model is


VT

Trading
Platform provides

a technological solution

to fit the
bill
. With
VT Platform

it is easy to gradually switch from one business
model to
another


“start small


grow big”.


The Platform provides business model configuration
features (i.e.
compensation settings

for IBs, customizable price shifts, full or partial clearing

via
STP
, multilevel security structure, and many more, thus allowing you to build and rebuild your
changing business model quickly.


Such unique flexibility allows creating maximum
opportunities for
all types of financial institutions giving the
ab
ility

to
adjust

to

the changing
market conditions
.

Established Forex

Brokers

For financial institutions already providing Forex trading services to their clients the integration
of VT Trader™ 2.0 desk top application into their

existing trading

platforms will allow such
institutions to take advantage of the worldwide fame and excellent reputation of VT Trader™
2.0 brand.

Visual

Trading System
s

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12


Offering customers a choice of more than one client
-
side trading interfaces has become a
definite trend in the recent years.

Brokers who capitalize on this trend attract and retain more
customers and increase their trading volume and improve their bottom line.


VT Trader™ 2.0 is a sure way for a market maker or introducing broker to get ahead of the pack
and dramatically increa
se revenue with no risk and small operational expenditures.

New Forex Brokers

For an institution looking to start offering Forex trading services as a new line of bus
iness VT
Trading Platform is a natural
choice. A fully featured
, comprehensive online tra
ding
environment, VT Trading platform will help such institution quickly establish liquidity and
clearing relations, setup organizational structure, enact security and administrative polices,
implement trading and compensation rules and gain a full contr
ol over their trading flow and
customer on
-
boarding .

From compliance with various government
regulations to

risk management
and white
-
labeling
VT Trading Platform will provide a solid foundation for the institution’s growth to bigger profits.

Depending o
n the client’s needs and preferences VT Trading Platform may be acquired under
Software as a Service (SaaS) service model. In this case Visual Trading Systems will host and
manage the software for the client.
Clients benefit from time
-
to
-
market advantages
, lower cost
of operations, a dedicated team of deployment and service professionals, backup and recovery,
and guaranteed service levels
.
This approach minimizes the start up cost and makes the client’s
technology expenses fully dependant on the growth of
the trading volume.

Alternatively
, with

the Packaged Software service model, VT Trading Platform is delivered and
installed in the customer’s IT environment
. Customer will pay licensing fees for the use of the
platform.

Under this scenario the customer re
tains a total control over the entire operation
and the software itself.

With either approach
VT Trading Systems will provide a wide range of support services
. Our
dedicated implementation team will bring a wealth of knowledge and expertise to help the
client all the way from initial engagement

to
a resounding success
.

Let Visual Trading Systems be your trusted information technology partner in all things Forex.