Financial trading software specialist, Ariel Communications today announced the launch of its advanced multi-asset trading system iTrade as a cloud- based Software as a Service (SaaS) solution for start-ups and smaller margin FX and CFD brokers.
This ability to offer a competitively priced, cloud-based version of Ariel's established trading platform means that the organisation now has an attractive offer specifically targeted at new entrants and smaller brokers. Ariel has made changes to iTrade's architecture resulting in a smaller hardware footprint that allows hosting as part of the service - known as Software as a Service (SaaS).
Simon Cox, CEO of Ariel comments, "This announcement is part of our strategy to broaden our client base whilst focusing on on-going innovation and new product development. It will enable entry level users to benefit from rapid, hassle free deployment of our platform at no additional IT infrastructure cost, minimal impact on a broker's internal IT resources and reduced total cost of ownership (TCO).
"This announcement clearly communicates our desire to widen the scope of our offer. Now new entrants and smaller brokers can take just the features and functionality of iTrade that they need today, while knowing they can scale-up as they grow tomorrow. We want to join new brokers from the outset of their journey and aim to be their long term technology partner of choice."
iTrade is offered at a highly competitive, usage-based pricing model. Ariel's SaaS solutions includes trade through chart packages, mobile capability, risk suite, regulatory compliance tools and liquidity provision.
Ariel Communications Ltd has been a market leader in developing spread betting and foreign exchange software systems since 1995. Ariel provides financial institutions with everything from individual software components to entire trading platforms. These are available 'off-the-shelf' or 'turnkey', stand alone or seamlessly integrated within a customer's existing system.