Patsystems releases trading simulation tool

Patsystems releases trading simulation tool

UK derivatives dealing software vendor Patsystems has released J-Simulator, a trading simulation tool for its front end application J-Trader.

The training tool teaches new users how to master J-Trader without the risks of live trading.

The simulator has the same functions as J-Trader, except all orders are directed to and matched by the Patsystems Matching Engine (PME), rather than being sent to a real exchange.

The system is also configured so that live or delayed prices are used. Users may keep positions overnight, see real-time profit and loss on open positions, and paper trade against real market price movements.

J-Simulator is being rolled out to Patsystems' customers, who will re-brand it and distribute it to end-users.

David Hall, head of product marketing at Patsystems, says the tool allows would-be traders to develop in an environment where mistakes don't matter: "Once you know your way around J-Simulator, you can move onto the live front-end and apply your experience."

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