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Protrader Multi-Connect (PTMC), a trading platform for forex and contracts for difference (CFDs), said on Tuesday it has partnered with IQFeed, a supplier of real-time market data, to provide a new connection to the platform.
The move will help eliminate time delays of data exchange and will facilitate the on-goinin process of PTMC’s integration with forex broker Interactive Brokers.
The broker said it decided to include IQFeed connection after receiving a number of requests from customers, asking it to providehigh quality data exchange without time delays. According to PTMC, the IQFeed connection will bring its clients numerous benefits, including the following:
- Qualitative exchange data without delay by a huge number of trading instruments;
- An access almost to the all world’s stock exchanges;
- Deep historical data (Tick-by-tick 30 days back, 1 year of minute bars, 1000 daily bars, 500 weekly bars);
- The full usage of volumetric analysis tools in PTMC platform, as well as the whole functionality to work with Level 2 data – Depth of Market, Scalper, Matrix.
To use real-time delay-free data from IQFeed through PTMC, users need to download IQFeed Client software, open an account on IQFeed’s website, and set up their connection in PTMC to IQFeed.
IQFeed offers real-time data for the exchange and over-the-counter (OTC) markets. It provides news for and access to forex, futures, stocks, and indices.
In addition to IQFeed, PTMC has also partnered with data platform Quandl.
PTMC is a product of trading software developer PFSOFT, which is also the developer of the Protrader trading platform. It was released in January 2016. The platform is free and can be used by both institutional and retail traders and is available for desktop and mobile devices, as well as in a web-based version. It features a wide selection of tools for multi-asset trading, alerts watchlists, smart chart trading with multiple chart types, drawings and studies, as well as fully customizable interface.
Brokers that offer the PTMC platform are LMax Exchange, FXCM, Oanda, and Protrader, while others are yet to be added to the list, including Interactive Brokers, Dukascopy, FxPro Group, MB Trading, IC Markets, and Gain Capital, aka Forex.com.
Poland-based PFSOFT is a provider of professional trading technology and solutions to brokers, banks, and exchanges. It serves clients from across the world, including in North America, Australia, Asia, Great Britain, Poland, and South Africa.