Hello everyone-
Just wanted to give you a few exciting updates.
First of all, our MAT tool (similar to what other platforms call a PAM/LAM) is ready and working. This tool is meant for people managing multiple accounts in the same manner. You can group your accounts together and enter trades once so that each account gets the proportionate size based on the size of the account. This tool works differently on our platform (and was actually difficult to design) because you can get partial fills since we aren't a deal desk.
Please note that while the product seems to function just fine, it is technically still deemed Beta. We currently have people using the product, and we are talking to them about usability enhancements, but we can make it available to managers that already have more than one account with proper documentation in our system.
Also, please note that in order to use this tool, you MUST be authorized to manage the accounts that will be linked together in the MAT tool via a Third Party Trading Authorization form. If you are somehow trading in several accounts for family members without signing that form, we cannot provide you with the MAT. The accounts can only be linked if you have authorization to trade the account. There is no Demo the MAT, and there likely won't be.
Second, you've probably noticed that our spreads have gotten even tighter in the recent days and that our liquidity has grown. We continue to work with major banks to provide you with the tightest quotes in the industry that we can. You'll notice that several banks have now started displaying liquidity at the sub-pip increment. As I stated over a year ago, our feeling is that most of these active pairs will ultimately trade with spreads under a pip most of the time.
Finally, a few words on Project Omega, as we receive many questions about it. I can tell you that there are very few people that have direct knowledge of the product, so anything that you have heard is probably rumor and speculation. I can't give any dates or timelines. In fact, if all goes well, this is a product that we plan to just announce one day "Here it is," with very little warning. But I can say this. A major leap has occurred in the development of the product in the last two weeks, and we're excited about where it is going. Let me just toss out a few words. Charts. Wireless. Simple. Clean. And most of the stuff that you guys have been asking about will be there. We have maintained since the Project launched late last year that it would come out in 2007, and we still firmly believe that this will easily occur. In other words, not at the end of the year.
As usual, I'm around to answer any questions.
Just wanted to give you a few exciting updates.
First of all, our MAT tool (similar to what other platforms call a PAM/LAM) is ready and working. This tool is meant for people managing multiple accounts in the same manner. You can group your accounts together and enter trades once so that each account gets the proportionate size based on the size of the account. This tool works differently on our platform (and was actually difficult to design) because you can get partial fills since we aren't a deal desk.
Please note that while the product seems to function just fine, it is technically still deemed Beta. We currently have people using the product, and we are talking to them about usability enhancements, but we can make it available to managers that already have more than one account with proper documentation in our system.
Also, please note that in order to use this tool, you MUST be authorized to manage the accounts that will be linked together in the MAT tool via a Third Party Trading Authorization form. If you are somehow trading in several accounts for family members without signing that form, we cannot provide you with the MAT. The accounts can only be linked if you have authorization to trade the account. There is no Demo the MAT, and there likely won't be.
Second, you've probably noticed that our spreads have gotten even tighter in the recent days and that our liquidity has grown. We continue to work with major banks to provide you with the tightest quotes in the industry that we can. You'll notice that several banks have now started displaying liquidity at the sub-pip increment. As I stated over a year ago, our feeling is that most of these active pairs will ultimately trade with spreads under a pip most of the time.
Finally, a few words on Project Omega, as we receive many questions about it. I can tell you that there are very few people that have direct knowledge of the product, so anything that you have heard is probably rumor and speculation. I can't give any dates or timelines. In fact, if all goes well, this is a product that we plan to just announce one day "Here it is," with very little warning. But I can say this. A major leap has occurred in the development of the product in the last two weeks, and we're excited about where it is going. Let me just toss out a few words. Charts. Wireless. Simple. Clean. And most of the stuff that you guys have been asking about will be there. We have maintained since the Project launched late last year that it would come out in 2007, and we still firmly believe that this will easily occur. In other words, not at the end of the year.
As usual, I'm around to answer any questions.
