Fair Trading Technology paving the way to a more transparent and secure FX trading environment that there was a great interest in what we were developing. The general consensus was that traders wanted the Metatrader platform, but like ourselves they wanted it to have a transparent connection to the ECN market. That’s why we decided to deliver all technology with transparency so that customers can verify all their transactions with their broker and know that our Metatrader solution is 100% clean from any manipulation or any other unethical behavior. Furthermore their were many other issues that needed to be solved with the Metatrader to work flawlessly with the ECN market.
Linking Metatrader 4 to an ECN trading environment is not a new idea. What issues have prevented a satisfactory solution to this business model from being achieved in the past? Tim Haman
e-Forex talks to Tim Haman, CEO and SvenErick Carlsson, Marketing Director, at Fair Trading Technology (FTT), about the launch of the firm’s new T3 Execution Bridge.
Tim, why did FTT set out to develop a 100% transparent MT4 to ECN trading solution? Fair Trading Technology originally set out to create a fair trading solution for ourselves. We wanted to be certain that our orders reached the market in a fair and open environment. Along the way we noticed 146 | october 2010
The most important issue that we have solved is what to do with partial fills. Metatrader cannot natively support partial fills and this results in trade rejects for the trader and loss of trading volume for the brokerage. In-turn this also increases the time it takes to execute a trade. As everyone knows time is money in this business and it can be the difference between a profit and loss. In our solution we have also enabled the Metatrader platform to access multiple levels of liquidity to fill an order. Previous bridges have typically only been able to access the top level to give traders the liquidity that they needed to make a trade. Again this used to result in order rejects which were neither good for the client or the liquidity provider.
behind. In order to become and remain an industry How does the T3 Execution Bridge work and what leader we must always work to better serve ourselves key features does it offer? and our clients. At first glance the T3 execution bridge looks like many other bridge solutions Speed is vital for many active traders. with it’s basic function of bridging What execution time-frames are you a FIX or Java interface with the looking to achieve? Metatrader server protocol to allow The typical speed for our bridge to straight through processing of trades. process a trade is less than 50 ms. Total However the most important feature with the T3 Execution time to process a trade is a little bridge is the transparent order longer as the clearing agent must reporting system which allows process the trade and return the the trader to verify all results to the bridge and then transactions in back to your laptop; which both accounts. on average takes With our about 240 ms intelligent depending order reporting where you are both systems located. Our can be viewed VPS hosting Trading with Fair Trading Technology side by side is located in in either an order based or position based view. This the same cloud as the trade servers which drastically means that your Metatrader trades can be viewed in a reduces the trade times for automated or EA traders. position based summary, which is the way most nonFor example: Metatrader brokerages use, or in a order based mode to duplicate the Metatraders order reporting system, which makes the Metatrader user feel right at home. • From Los Angels, CA, we can reduce the trade time by around 175 ms. What benefits does T3 technology bring to both brokers and traders? • From New York, NY, we can reduce the trade time by around 99 ms. Technological and IT structure benefits aside; our Technology is designed for traders who desire deep • From Singapore we can reduce the trade time transparency, ECN liquidity and fast execution time by 275 ms. while using their platform of choice. In addition the brokerage who adopts our solution gains the • From Kuala-Lumpor, Malaysia we can reduce advantage of taking on absolutely no risk as it only the trade time by 255 ms. allows straight through processing of trades. This ensures that the long-term business interests of broker • From Japan we can reduce the trade time by and trader are aligned. 285 ms.
In what ways does the T3 Execution Bridge differ from other common bridging products? The T3 bridge concept is adaptive and will always be under development to add features and to streamline it even further. Our development team is constantly at work to create an even better solution. Every millisecond counts to us because it counts to our clients. This bridge will continue to evolve because in business if you’re not adapting and evolving, you’re falling
FTT technology is delivered via a cloud computing framework. What advantages does this bring? Cloud computing is really about using resources in a more intelligent way. Instead of running our bridge on one server and then have the Metatrader server run on a separate server we operate both of them on a virtual server, this means that both programs are working inside the same server or CPU. Fair Trading Technology can therefore reduce all the transfer time october 2010
Published on Oct 14, 2010
Tim Haman and Sven-Erik Carlsson from www.fairtradingtech.com talk to e-Forex Magazine about the launch of the T3 Execution bridge that is c...