TraderTools to introduce hosted FX trading service
TraderTools (TraderTools), one of the world's leading suppliers of electronic Foreign Exchange (eFX) white- label, software solutions, announced today that it intends to make STPlatform software available as a service to banks, brokerages and other financial institutions during the first half of 2007.
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TraderTools currently deploys STPlatform on an individual basis, requiring software downloads at every workstation. Using the SaaS model, STPlatform will be available to all workstations via a single feed and can be up and running in less than a month - without any downloads or configurations.
"There is high demand for a SaaS product, especially from institutions that are not tier-1 liquidity providers," explained Yaacov Heidingsfeld, Chief Operating Officer of TraderTools. "Most banks do not have the IT infrastructure or specialized staff necessary to create their own global order books capable of dealing with liquidity outsourcing."
While the Company's latest 3.x version of STPlatform offers standard features including GLOBE, the Global Limit Order Book for the Enterprise, and AutoFill, for fully automated order management and deal execution, TraderTools expects to provide a cutting-edge 4.0 version rich in additional features during 2007.