Oct 9 2009

FXCM takes initiative as TradeCommander comes to a halt

Recently, I posted an article outlining the disappointing news that Saxo Bank won’t be suppoting their TradeCommander autotrading software any longer. This didn’t pass by FXCM without them noticing, and they’ve now decided to capitalise on this. As a result they’re informing their clients of their own offerings…

Quoting FXCM:

“I learned that Saxo bank will be discontinuing their TradeCommander offering via the ForexMagnates article (http://forexmagnates.com/saxo-pull-the-plug-on-tradecommander/ ). I felt it pertinent to detail what we offer, as I believe it can help automated traders, especially those in states of transition.

The Active Trader Group in conjunction with Programming Services at FXCM have been working steadily to increase our automation capabilities. In addition to a designed lower cost structure, whereby we offer commission based trading that is determined by client volume, we have also launched access to market depth to both API and GUI traders. While our systems desk has worked on back end functionality for over a half a dozen years, the Programming Services department (launched in early 2008) has built a client facing, interactive web of tools and services. Their work includes:

• Language translations, namely for MQL, Easy Language, Intelliscript, C#, and others.

• Customized applications from small applets to robust trading interfaces.

• Strategy Hosting: Here we translate strategies into C# to run at FXCM’s data center in order to greatly reduce internet latency.

• Advanced Filters: From years of experience FXCM has developed the ability to create customized filters clients can add to their strategies to further improve the efficiency of signal generation. Among the filters is FXCM’s proprietary SSI indicator, which feeds through net positioning of all FXCM traders.

At a minimum I encourage any automated traders to dial us to discuss your trading needs and what things we can do to assist. We look forward to hearing from you soon.

Sincerely,

Brandon Mulvihill

Active Trader Group

bmulvihill@fxcm.com

activetrader@fxcm.com

646-432-2270

http://www.fxcm.co.uk/active-trader.jsp

Luke Quinn

Programming Services

lquinn@fxcm.com

consulting@fxcm.com

646-432-2269

http://www.fxcm.com/strategy-consulting-landing.jsp “

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