The Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization has certified the trading technology of AMTS Solutions, the EDR said on Monday.
AMTS Solutions`’s main product, AMTS ECN, trading solution for brokers that presents high-tech multi-module, infinitely scalable system that is based on a high-speed communication protocol and is resistant to high-demand architecture. The system offers clients maximum flexibility in configuring the liquidity, trading tools, risk management rules, and order execution methods.
“Our team has more than 10 years of experience in the field of dealing technologies development, beginning with the creation of the first bridge in 2006. AMTS ECN is the culmination of our work and the successful implementation of many years of experience, which was embodied in a very reliable and stable system,” said Dmitry Rannev, AMTS Solutions founder and CEO. “Our ECN has proved to be one of the best systems in dealing with major brokerages with wide customer bases and large amount of trades,” he added.
AMTS Solutions’ trading technology underwent a rigorous examination by the FinaCom as part of the certification evaluation process. The commission has tested the tsystem’s security, capacity and performance, business disaster recovery and continuity plan, as well as reporting and record keeping, among others. The EDR assesses and analyses whether the technologies used by members and candidate members meet its technical standards.
” In order to provide traders with fair dispute resolution we must fully understand their system’s construction and working process. AMTS ECN is the latest technology certified by the Financial Commission,” FinaCom chairman Peter Tatarnikov said, adding that he would be happy to see more software providers certifying their products with the commission.
FinaCom acts as a third-party mediator in case of complaints and disputes between its members and their clients. The organization helps facilitate a simpler, swifter resolution process than through typical regulatory channels. Its members include forex and binary option brokers and independent service providers (ISPs). The organization offers two types of membership, depending on the amount of compensation members’ clients can receive in case of dispute – A category membership with compensation of up to $20,000 per clients and B-category membership with compensation of up to $5,000 per client.
The organization’s members include forex and binary option brokers, as well as independent service providers (ISPs), including Alpari, Amarkets, Grand Capital RoboForex, Mtrading, Olymp Trade, Forex Club, FXOpen, among others. FinaCom has certified the trading technologies of ActTrader, Broctagon, FDC, Libertex (Forex Club), Tools for brokers, iBinex, Olymp Trade, Tradency, and Xcritical.