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ETX Capital migrates forex offering to Ariel multi-asset platform

12 October 2009  |  1386 views  |  0 Source: Ariel

Ariel, the experts in Financial Spread Betting, Foreign Exchange and CFD trading software, today announces that ETX Capital has migrated its Forex offering to Ariel's multi-asset platform.

ETX Capital has been using Ariel's platform for Financial Spread Betting since February 2009, so the addition of Forex to the Ariel platform makes ETX one of the first to deploy a truly multi-asset web- based trading platform. ETX Capital clients can now trade Forex (foreign exchange) and Spread Bet on a single account and plans to offer CFDs on the same Ariel platform later this year.

Ariel's multi-asset platform has been designed for brokers and market makers to serve both institutional and retail clients. Ariel's single asset systems and components have found favour with many firms including City Index, Cantor Fitzgerald and ODL Securities, and power well-known white labels including Paddy Power, Tradefair and E*Trade. It is expected that more market participants including new brands entering the market will follow ETX Capital's example and offer Ariel's platform in order to increase asset class coverage - driving trading volumes, improving margins, and reducing costs.

Rob Smith, Head of IT at ETX Capital, comments: "It's great for us to give our clients the option of being able to trade multiple asset classes from a single customer account - in our case Forex, Financial Spread Betting and later this year CFDs. The advantages are considerable for us and for our clients who ultimately benefit through improved speed of trade execution. These enhancements to our service are central to our customer proposition as it allows us to offer far tighter dealing spreads and improved funding/margin rates. This new feature-rich technology has been very well received by our customers."

Angus Clacher, CEO of Ariel, comments: "Ariel's client list includes top UK brokers and market makers. These financial firms are serving tens of thousands of institutional and retail clients across thousands of markets in multiple asset classes in real time. Our multi-asset trading platform allows these firms to offer more products, more profitably and with better risk k control than was previously possible. This is why brokers, market makers and their white label partners choose Ariel to run their business."

This deployment is a good example of how Ariel is able to deliver its multi-asset online platform in line with a customer's evolving requirements. This is very much a result of Ariel's focused and progressive development programme and most recently its adoption of "Scrum" development disciplines. Ariel is one of the growing number of companies that have successfully adopted Scrum, an Agile methodology, which provides an adaptable management framework to drive the development and delivery of Ariel's platform according to business needs.

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