Match-Trader undergoes major refactoring to add Multi-Chart on mobile and more

Match-Trade Technologies has recently refactored its flagship trading platform, Match-Tader, to deliver smoother operation and improved performance for mobile users.

Code refactoring is the process of restructuring existing computer code—changing the factoring—without changing its external behavior. Refactoring is intended to improve the design, structure, and/or implementation of the software, while preserving its functionality.

According to the leading technology provider for Forex Brokers, the comprehensive overhaul has leveraged the power of TypeScript, a lightweight and modern programming language, to optimize the frontend elements of the platform.

Match-Trade Technologies is a fully integrated forex technology provider whose offering comprises the platform server with multiple APIs allowing to fit Match-Trader into any existing ecosystem and all-inclusive White Labels with Client Office for Traders, Forex CRM for Brokers, and Match2Pay, a blockchain-based Payment Processor.

The firm has offices in Cyprus, Poland, Malaysia, India, South Korea, and the USA, and empowers forex providers (Brokers, Prime Brokers, and other LPs). Its sister company, Match-Prime, is a CySEC-regulated multi-asset Liquidity Provider.

Match-Trader adds Multi-Chart functionality

The transition to TypeScript allowed Match-Trader to integrate Multi-Chart functionality, a highly anticipated functionality that enables users to compare multiple charts, analyze various intervals within a single instrument, and execute trades simultaneously on different charts.

The solution seamlessly integrates with the market watch, reducing the possibility of accidental position openings and providing a more intuitive experience for novice traders. Multiple layouts are available, allowing users to select their preferred platform view according to the options provided by the Broker, including dark and light modes.

Prior to the refactoring, chart handling required background conversions from the previous JavaScript version, introducing potential bottlenecks. Now, with the adoption of the new script, Match-Trade says that chart operations exhibit enhanced fluidity, providing a more responsive trading experience. Traders can expect improved accuracy in indicators and a reduced risk of freezing issues.

As to analysis, the Multi-Chart feature lets traders adjust each chart separately by changing instruments, indicators, and time intervals. Plus, there are helpful drawing tools. Comparing and analyzing instruments is now much more manageable. By personalizing charts, users can monitor different time intervals for the same instrument in real-time and find connections between different instruments.

Jacek Czarniawski, Head of Product Development at Match-Trade Technologies, said: “This is a big deal for traders who rely on charts for market info. It’s an innovative tool that attracts investors and gives brokers a competitive edge.”

Mobile constitutes nearly 70% of Match-Trader’s user base

The platform-wide refactoring also contributed to a more polished user interface, which is particularly beneficial for mobile users, who constitute nearly 70% of the platform’s user base.

The financial software development firm explained that price updates in the market watch and session closures, among other instrument-related aspects, now load instantly on charts without any noticeable lag. This optimization is especially noteworthy in the context of the Progressive Web App (PWA) functionality, enhancing the application’s responsiveness.

2FA, guest mode, OAuth, ‘share my trade’, social trading

Match-Trade Technologies also took the opportunity to implement Two-Factor Authentication (2FA) which adds an extra layer of security for traders, curbing concerns about account safety when accessing the platform from different devices. This is especially crucial for platforms used in cryptocurrency exchanges.

Another significant new feature is guest mode, which allows users to explore the platform without the need to create an account, providing a considerable advantage for many traders. The forthcoming integration of OAuth, enabling login through Google or other selected social media accounts, will simplify the account creation and login processes, helping brokers improve conversion rates.

The software developer also coupled the previously introduced Investor access with the ‘share my trade’ feature enabling the sharing of a graphic detailing each closed position with a comment, which promotes information sharing within the trading community and supports brokers in attracting more clients.

Match-Trader, which has recently integrated with ZuluTrade, expanded its internal social trading mechanism by introducing subscription fees for money managers, allowing them to charge a fixed fee for sharing their trading signals, in a move that further attracts signal providers.

The major refactoring was thoroughly tested by more than 100 employees before implementing the changes, which allowed them to rigorously evaluate the new version to identify and resolve any bugs or issues.