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Financial Commission certifies trading platform provided by Umstel

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

The Financial Commission conducted its rigorous review of Umstel’s trading platform, to ensure they met the technical information requirements of the Commission’s technology certification evaluation process.

The Financial Commission, a leading financial services independent external dispute resolution (EDR) organization, today announced the successful certification of trading platform provided by Umstel.

The Financial Commission established a comprehensive list of points to verify including system security, capacity, business disaster recovery and a continuity plan, as well as reporting and record keeping, among other fields deemed important to certify.

Financial Commission Chairman Peter Tatarnikov said regarding the new certification, “In order to provide traders with fair dispute resolution we must fully understand their system’s construction and working process. Umstel’s trading platform is the latest technology certified by the Financial Commission.”

“We will be happy to see more software providers certifying their products with us. Today we gladly announce successful certification of Umstel’s trading platform and believe it is a great step to leverage its credibility and grow its business globally” continued Mr Tatarnikov.

Umstel DMA multi-asset web based trading platform developed for financial institutes features one of the fastest industry web based financial charts and advanced technical analysis tools including 33 technical indicators, 30 technical objects and 9 default 100+ custom timeframe.

The platform also supports multi chart mode instantly changing chart layouts in one click. The mode supports up to 6 charts. All charts can be linked to an instrument that user selects in terminal workspaces. As a result, a click on the instrument ticker refreshes charts with corresponded instrument, no need to spend time for typing.

Umstel supports following types of orders: Market, Limit & Stop. Orders executed directly on stock exchanges within milliseconds. The best execution price guaranteed by exchange. Umstel features custom and system watchlists. User can edit custom watchlists by adding/removing instruments. System watchlists like Top losers, Top gainers, Volume leaders updated by system in real-time.

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