Launch of Trade Interceptor’s new brokerage hampered by hackers

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.

mobile

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.

Read this next

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

Technology

Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

Digital Assets

Cboe becomes first major global exchange operator on DeFi data platform, Pyth Network

“Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Industry News

FINRA fines Barclays Capital $2 million for best execution failures for 5 years

FINRA has fined Barclays Capital $2 million for failing to comply with its best execution obligations in connection with its customers’ electronic equity orders between January 2014 and February 2019. 

Digital Assets

SETL helps SWIFT, CSDs and custodians develop common framework for tokenisation systems

London-based enterprise DLT and blockchain company SETL has delivered a pilot project for SWIFT which implemented a common framework linking tokenisation systems between central security depositories (CSDs) and global custodians.

Digital Assets

Crypto volumes hit CHF 87.1 million at Switzerland exchange

Switzerland’s principal exchange has experienced a rebound in trading activities for September 2022, with monthly volumes increasing by more than 20 percent MoM.

Digital Assets

Bitcoin Suisse Vault taps Polkadot governance features

Bitcoin Suisse has added support for Polkadot protocol governance on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault.

Retail FX

Finalto sweetens offering for African traders with localized FX pairs

Finalto, the financial trading division of Gopher Investments, announced today that it has extended its offering with inclusion of a number of African Pairs to its trading platforms.

<