Woodlake Commodity Solutions Looking to Include More Analytics for Electronic FX Options
London, United Kingdom, February 19, 2013 --(PR.com
)-- The FXDept has recently launched the etrading technology for FX options via a licensing concord with FX Trade Tech—the broker’s faculties are founded on FX Trade Tech’ platform that enables Woodlake Commodity Solutions to grow its offering to comprise direct gateway to interbank convertible assets, identical-account trading and margining for spot FX and FX options, modelling and optimization features.
Miller added that traders who are using the system are requesting further analytics. “There seems to be a certain 'thirst' for additional analytics, which is understandable, since traders are being more proactive in their trading,” Miller continued. “We’re try to seek feedback from clients by inquiring on 'What more can we do?' or 'How else can we make your experience better?' or 'Do you have any suggestion?' and 99% of their response is to include or give more analytics. That is constantly the immediate response from a more experienced trader who sees options as more advanced products. “I believe this will challenge the team to go back to the drawing board and work on some enhancements to give the clients what they want,” Miller added.
He mentioned that the electronic faculties are envisioned to complement the voice brokerage portion and offer an alternative for traders in search of variety in execution.
Miller stated that the choice to make use of a platform from FX Trade Tech was founded to a certain extent on the company’s credence that FX Trade Tech’s system can back current regulatory requisites the company has under the NFA, principally as it correlates to reporting necessities. He also remarked on the pricing transparency the company will obtain with the said platform added to the element that it matches the firm’s more traditional brokerage model were also determining causes.
About the Company
Woodlake Commodity Solutions guarantees that the hard-earned money is well taken cared of by a stable and well – capitalised brokerage firm. Guided by the tenacious mission to create and provide divergent trading services, technology, products and tools to ensure liquidity on better terms, Woodlake Commodity Solutions and its affiliates continue to successfully perform roughly 600,000 trades everyday. Each client, partner and potential customer has guaranteed price competence, reliable and robust platforms, and inimitable services.