Seer Trading, a developer of automated financial trading and back-testing software, has today announced that it has completed an integration of its technology with FXCM, one of the world's leading forex brokers.
By incorporating access to Seer Trading in its offering, FXCM clients now have the ability to test and develop algorithmic trading strategies in an institutional environment.
Jeremy White, Founder of Seer Trading, commented: "Seer Trading has a number of revolutionary facets relating to both the testing and execution of algorithmic trading strategies. For the first time, quantitative analysts can now develop trade ideas using the powerful "R" statistical package, then convert them directly into a usable algorithm without the need for a programmer to intervene. Furthermore, multiple algorithms can be back-tested simultaneously against a single cash account - something that has historically been impossible to achieve."
Seer is being targeted at independent and institutional algorithmic system traders, systematic money managers and EA developers who are building and licensing trading systems.
Jeremy White, added: "FXCM is well known for working with innovative solutions providers and our technology has evidently impressed the broker. We believe the integration of their services and our platform will impress their clients too, delivering a compelling proposition for sophisticated FX traders."
It is widely accepted that one of the most fundamental aspects in creating a consistently successful trader is to have a diversified portfolio. However, as a result of the historical inability to test and deploy multiple strategies on a diverse portfolio against a single cash account, these trading systems have often been left wanting in anything but the short term. By developing a new system that integrates with best in class trading platforms as opposed to bolting on extensions to legacy software, the Seer Trading solution can now address a myriad of challenges such as this complex - but critical - diversification issue.
Seer's architecture has also enabled benefits such as the ability to use both Linux and Windows, and also to integrate with the R-platform - the leading open source statistical package available on the market.