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Fintech developer PFSOFT said on Wednesday it is extending a set of risk rules for its Protrader technology solutions. The move aims to attract more proprietary trading companies and become a first choice for them by meeting their requirements.
The Protrader trading platform now has new risk rules, concerning daily and weekly loss limits, maximum value of all positions, and maximum trailing drawdown. No details were provided.
“This latest update comes as an additional development for one of PFSOFT’s partners, as the company pursues its core philosophy of connecting markets and market participants in efficient way within a single solution, which requires flexibility and adaptation,” the company said in a notice.
Proprietary trading companies use their own finances when trading, instead of clients’, thus collecting profit or suffering loss on its own.
Potrader is a multi-asset trading platform with multi-broker connectivity, available to both retail and institutional traders. It is available in desktop, mobile, and web-based versions. The platform features a wide selection of tools for multi-asset trading, including forex, equities, futures, contracts for difference (CFDs), options and spread betting. It is used by brokerages, white label and technology providers, local marketplaces, and now by funds and proprietary trading companies.
Brokers that offer the Protrader platform include Forex Capital Markets (FXCM), Sigma Trading, FX Bridge, and Interactive Brokers, among others.
Poland-based PFSOFT is a provider of professional trading technology and solutions to brokers, banks, and exchanges. In addition to Protrader, it is also the developer of Protrader Multi-Connect (PTMC), a trading platform for forex and contracts for difference (CFDs). The software company serves clients from across the world, including in North America, Australia, Asia, Great Britain, Poland, and South Africa.