Gold-i, the UK’s leading systems integrator to the global FX & CFD market place, has enhanced the functionality of its flagship product, the super-low latency Gold-i Gate Bridge, with the launch of the 257 plug-in. The new plug-in offers significant enhancements, providing even more control for brokers and extending opportunities for trading in Japan.
The main features included in the upgrade are:
- an enhanced limits mode, incorporating a new ‘institutional style’ logic for handling illiquid symbols and ensuring that all orders are only filled at the limit price.
- percentage and reverse percentage coverage, allowing the broker to partially cover their clients’ order as a percentage. The broker can also execute an opposing order in the market through reverse percentage coverage.
- a price multiplier, providing the ability to display and trade in different units.
- enhanced monitoring, which enables the broker to see the previous five prices on the market for all executions.
Following close work with Gold-i’s Japanese partner, Xbridge, the 257 has also been developed to comply with the strict regulatory requirements in the Japanese market.
Tom Higgins, CEO of Gold-i explains, “We have been working on the upgrade for the last six months. This significant development maps onto our strategy of continuous innovation in order to lead the global market in terms of speed, functionality and performance.”
Many of the new features have been developed in response to client requests. For example, Gold-i developed the enhanced limits mode because a client had placed an order which could not be filled immediately at the volume and price they wanted.
Tom Higgins explains, “Although this is not normally an issue for FX, when trading silver or gold it meant that not only could they end up with part of their order filled at a worse price than they had expected, but there could also be significant slippage due to the delay in filling the order. With our latest upgrade, the order is only filled at the limit price as the limit order is persisted on the liquidity provider’s server as opposed to the MT4 server. If there is not enough liquidity available to fill the order, a new limit order is created with the remaining volume and it is filled when more units are available at the limit price. The user can modify or delete the remaining order, giving them the opportunity, for the first time, to change the order whilst it is being worked.”
The Gold-i Gate Bridge is recognised as the leading super low latency smart routing product available anywhere within the market place today, enabling brokers to connect to external liquidity providers in the most effective and cost efficient manner.
For further information, visit www.gold-i.com
For press information, please contact Vanessa Green, Wigwam PR, Tel: 01483 536580/0771 333 2303.
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