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Launch of Trade Interceptor’s new brokerage hampered by hackers

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Mobile-led brokerage which is two years in the making has been the subject of what its developer, Trade Interceptor, cites as a serious hacker attack, removing all historical data from servers. Due to launch in September, the firm is now preparing a staggered launch over a period of time.

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Exactly two years has passed since mobile trading technology provider Trade Interceptor embarked on its development journey to build its own mobile-led electronic brokerage.

The company’s dedication to mobile trading technology is extensive, dating back to January 2012 when the company launched a mobile FX trdaing application which was available on Kindle Fire, being one of the very first technology providers in the entire business to release a mobile trading application.

Since then, the firm has continued to major on its ‘mobile first’ methodology, and after commencing the development of a mobile brokerage in August 2014, the company had intended to go live with this project in September 2016.

Today, FinanceFeeds has been notified by Trade Interceptor’s support department that it had become the victim of what the company is deeming to be a “serious hacker attack which deleted all historical ata and user alarms from servers.”

As a result of this, Trade Interceptor has taken the decision to launch the brokerage service in a series of steps instead of a full launch which was originally scheduled for September this year.

Trade Interceptor stated “In the next days, when servers are back in production, you will be able to use the charts with the new TI data feed. However previous brokers’ feeds and alarms will no longer be available.”

“In a week’s time, we should be able to release the demo trading service in Beta. As soon as the beta period is over, we will launch the live trading service and you will be able to open a new live account directly with Trade Interceptor broker.”

Trade Interceptor stated that the firm will send more information about the new brokerage service shortly.

“We apologize for the inconvenience and the problems encountered in the last days. We are currently working to make sure the new service offers an even better trading environment and that we are fully protected against such attacks in the future” concluded the company’s support department.

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