ADS Securities becomes latest firm to adopt Autochartist’s world first fully integrated MT4 market scanner
Autochartist provides its fully integrated market scanner to ADS Securities in London, making it the next brokerage to be able to offer a fully integrated service within MT4. We take a close look at how it works
The quest for technological superiority in order to keep pace with the ever more demanding requirements of today’s astute retail traders has turned another corner today, ADS Securities in London having become the latest electronic trading company to have adopted the world’s first market scanner that is fully integrated into MetaTrader 4.
FinanceFeeds today spoke to the company about the integration of the Autochartist market scanner that plugs directly into the MetaTrader 4 platform.
The evolution of the third party technology ecosystem that has grown up around MetaTrader 4 over the last few years has become far more integral to the trading platform recently, with more developers having concentrated their efforts on providing fully integrated solutions that operate within MetaTrader 4, as opposed to having to use a separate interface.
In this particular case, the pattern recognition platform that provides the integrated market scanner is provided by Autochartist, one of the industry’s most esteemed developers of charting software, analytical tools and automated trading solutions.
As far as providing a seamless trading environment that can maximize the use of such technology, ADS Securities is providing the service via direct connectivity to its institutional grade liquidity in order to provide high quality execution.
Just one month ago, ADS Securities launched its own Prime of Prime, and during a meeting with ADS Securities COO Marco Baggioli in London recently, it was explained to FinanceFeeds “We are launching our prime services for FX Spot supporting both ADS Securities and external liquidity and for NDFs for external liquidity only. We are already working to add ADS Securities own liquidity on the NDFs side. The key focus will certainly be on fine tuning our POP offering to individual client needs over the coming months.”
Today, the company drew on this direction a bit further, explaining that it is continuing to develop the building of a European retail client base, offering a range of instruments including CFDs, spread betting and Forex trading. Alongside the competitive pricing, ultra-low latency execution and vast range of markets, this latest addition to its growing offering will further cement ADS Securities London as an education, innovation and service focused broker.
This will indeed be a very interesting development in terms of trade execution, which now is being complimented at the front end by the integrated market scanner.
This morning, FinanceFeeds spoke to Jamieson Blake, Retail Sales Manager at ADS Securities London, with regard to the ethos behind the integration of the MT4 market scanner, who explained “Innovation through technology is very much at the core of our business, so services like Autochartist allow us to provide some valuable product differentiation.”
“There’s nothing to stop clients going out and buying their own signal provisions, but with this integration, we have developed what we believe is the best possible solution. We know markets move fast and this arrangement saves clients having to jump between different windows or applications – as we know, saving even just a second can make a big difference when it comes to trading successfully” – Jamieson Blake, Retail Sales Manager, ADS Securities, London
“For a number of years, brokers have been offering clients an array of additional trading tools in a bid to add value. We want to ensure that any add-ons deliver genuine utility to clients, enabling them to improve the entire trading experience” he concluded.
Historically the Autochartist service has been accessed via a stand-alone website, obligating users to toggle between two windows when analysing trade setups. The ability to deploy the functionality within MT4 has only been available since February 2016, making Autochartist the first company to have provided a fully integrated solution.
The system has become widely accepted and represents the latest development in fully integrated platform technology from specialist developers, and since its launch in February has been adopted by several brokerages, with ADS Securities in London being the latest example.
To take a close look at the development of this particular system, Ilan Azbel, co-founder and CEO of Autochartist today spoke to FinanceFeeds, explaining “The concept is that about 10 years ago, all the brokers wanted web based white label solutions for research. They wanted ancillary services to look like their own and they wanted the research from specialist providers, specifically hosted on the web.”
“Then what happened is that when regulations started getting tighter, people wanted third party web solutions. They still wanted web based, third party solutions but branded to the provider to make an arms length relationship between vendor and brokerage” continued Mr. Azbel.
“In the last two years, the trend has gone the opposite way and brokers now want embedded solutions because they want to avoid traders leaving their trading platforms. The world of research providers has been in flux for the last 10 years. As Autochartist right now, I would say that a large proportion of our revenue is based APIs, rather than on the web application and that is actually directly in line with what we are seeing in the global fintech space. The global fintech sector is going into APIs for data, for trading, in fact for most solutions. Everything is API-driven these days and we are seeing the exact same trend. Brokers all want API solutions, embedded solutions, they want to do themselves” – Ilan Azbel, CEO, Autochartist.
Mr. Azbel continued to explain further. “The financial markets research industry that we are in is not immune to the trends that surround fintech in general. The MT4 plug in that we produce is actually an embedded, pre-packaged version of our API solution. Not every broker has to write their own embedding, we wrote the plug in with the help of MetaQuotes themselves and this is an example of how the industry is moving with regard to using APIs to enhance their trading platforms.
Photograph: ADS Securities at iFXEXPO International 2016. Copyright FinanceFeeds