While not well known, Moscow based broker Kalita-Finance can definitely be considered an innovator within their market. The firm entered FX trading in 1999, but unlike other new entrants did it with a completely new platform, iTrader. Last year, the iTrader was re-launched as a combination of its existing platform and the GUI-Robot, the latest algorithmic trading tool. Algotools (“trading robots”) were initially created in the 1990’s separately from the GUI as an add on onto existing trading platforms to assist in performing automated strategies. Ten years later the trading robots came closer to GUI by introduction of GUI-based strategy builders. In 2011, the GUI-Robot system that incorporates automated trading and strategy building features was incorporated with the iTrader’s order entry system. The result is a trading platform with a focus on algorithmic trading with a user friendly interface that allows traders without programming skills to create and run automated strategies.
Currently, Kalita-Finance has high hopes for the GUI-Robot which they believe will be a leading algotool within the online forex trading space by 2015. To promote the new trading tool, Igor Suzdaltsev, Deputy CEO of Kalita-Finance will be presenting it at the CEE Software & Engineering Conference in Moscow next month.
Following on the company’s utilization of innovating products, Kalita-Finance announced this week that it is introducing trading of the Shekel/Ruble forex pair. The cross adds to the broker’s existing lineup of 40 pairs with include a diverse set of Ruble crosses such as the SDRRUR, CNYRUR, and UAHRUR which trade alongside the USDRUR, Kalita-Finance’s most heavily traded instrument. Commenting on the news, “Since business and cultural relations between Russia and Israel are developing really fast, it creates a strong demand for shekel/ruble currency pair, – says Mr. Sergey Zimnin, CEO of Kalita-Finance, – we are glad to become a first Russian broker that introduced this financial instrument”. In addition, according to Igor Suzdaltsev, “We expect to reach the volume of ILSRUR 1 million per day by the end of the year.”