BDSwiss enhances trading platform with Trends Analysis

FinanceFeeds Editorial Team

With a renewed focus on client longevity, two of the Forex industry’s household names have joined forces to create Trends Analysis, a multi-feature trading tool available exclusively on BDSwiss WebTrader.

In an environment with greater customer acquisition costs and more dependence on Affiliates and IBs, BDSwiss has aligned its technology offering with its third-party introducers by launching a new product called Trends Analysis inside its proprietary trading platform. The objective of the tool is to align broker and affiliates business objectives by providing them with high-quality market analysis.

BDSwiss’ partnership with technology company Autochartist dates back to 2018, but it has been taken to a new level by utilizing both their respective development teams to offer BDSwiss traders access to Autochartist’s latest tech innovation: Trends Analysis.

BDSwiss traders can access a real-time stream of trade recommendations, with premium users able to access more than 500 varying trends, overlaid onto live charts with the ability to automate trade entry — but up to a point. Although the software automates analysis and can suggest market orders, users must manually confirm their orders before execution. 

Moreover, as a sign of our globalised and multicultural times, the multi-platform tech innovation is available to a global audience in more than 20 supported languages.

“We included the feature to position Trends Analysis as an analytics-focused provider of trading recommendations that is distinct from algorithmic, robo or copy trading. The software detects evolving market sentiment and can place market trades via a self-adjusting order, but the client must confirm to execute. Furthermore, the software accounts for pre-set market parameters and can automatically adjust risk management settings at the trader’s discretion,” said Christos Alatzidis, Chief Information & Technology Officer of BDSwiss.

Partnering in development

Innovative new products that deliver value for the client can either be done in-house or by a third party. For BDSwiss, partnering with the likes of Autochartist means the company can offer its clients trader-assistance tools that are continually improving client retention while assisting a new generation of traders to enter the trading arena. 

Autochartist partners with dozens of other firms in financial hotspots such as London and Cyprus, ranging from the very small to the very large such as Saxo Bank, IG and TD Ameritrade. 

According to Ilan Azbel, CEO of Autochartist, firms that take a more active role in focussing their efforts in extending traders’ lifespans are best placed to attract more IBs and Affiliates because they are aligned with the incentives of the introducers.

Concerning their latest Trends Analysis launch, BDSwiss’ WebTrader is one of the first trading platforms in the retail trading space to offer Autochartist’s one-stop-shop solution including chart analysis, assisted trade execution and risk management features.

“Our development team is constantly adding features to our suite of products available on MetaTrader, web-based and mobile platforms. We have established a strong presence in the FX/CFD industry over the past decade, but to maintain our industry position and reputation, we must continue to innovate and deliver ground-breaking trading tools that truly add value to the retail trader,” said Mr Azbel.

Read this next

Inside View

Industry Leaders Share Insights on Framing Crypto Payments into FX Brokerage Business

While the allure of crypto payments is strong, caution is essential. The potential benefits in terms of speed, lower fees, and blockchain efficiency need to be weighed against the risks associated with cryptocurrency volatility. 

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”