Do not invest more money than you can afford to lose.
Software developer PFSOFT announced on Friday that the latest pearl in its collection of brokers connected to ProTrader Multi-Connect (PTMC) trading terminal is Interactive brokers (NASDAQ:IBKR).
The news broke just a couple of days after the largest forex broker by market capitalization, Interactive Brokers, announced its decision to restrict US forex trading to big clients only. As of September 1, 2016, only US retail clients with at least $10 million in deposited assets will be able to trade with Interactive Brokers, which offers its services through both its in-house Trader Workstation (TWS) and PTMC trading platforms.
In a note to its clients, PTMC said: “Considering that the IB is one of the largest FCM, which gives access to a large number of exchanges, this is a huge step towards the possibility to trade not only OTC products, but also stocks, options, futures, ETF, bonds etc. via PTMC trading platform.”
The partnership between Interactive brokers and PFSOFT comes as no surprise, since ProTrader has already announced that IB is in its list of brokers set to adopt the PTMC platform. The list also includes Dukascopy, FxPro Group, and Gain Capital, aka Forex.com. Brokers that already have PTMC in their offering are FXCM, Oanda, LMax Exchange, Protrader, Quandl, and Sigma Trading. Obviously, PFSOFT is currently one of the fastest growing developers of trading technology on the market.
Besides, recently PFSOFT made connections to new data feeds, such as Quandl & IQFeed, and also introduced C# scripting application program interface (API) for quantitative algorithmic trading. Earlier this year, the platform released AlgoStudio, a development tool and a programming environment for algo traders, and introduced a Code Base service, which provides a wide range of programming codes for download free of charge.
The main unique feature of this platform, however, is its multi-broker connectivity. Once traders get used to it, they won’t ever need to adapt to another trading software while changing their broker.