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07/28/2010

New Solution Created For Regulatory Margin Requirement

Latest Japanese FSA Rule Puts Focus On Leverage Control

NEW YORK, NY – July 26, 2010 - ActForex, Inc, the leading provider of independent retail Forex trading platforms, today announced the creation of Margin Requirement as a Percent of Trade Notional Value functionality, just in time for new regulations taking effect in Japan on August 1.

 

This trading platform enhancement automatically calculates the margin requirement for opening and keeping the position open based on its current value. The margin will be recalculated in real time at every price change, ensuring that the trader’s positions are continuously leveraged at a permanent rate. The ActForex solution, developed specifically for calculating margins, guarantees the constant leverage that will soon be required by law from Japanese Forex brokers.

 

For brokers outside of Japanese jurisdiction, ActForex trading platforms always allow flexible system configurations, which can be used for setting simple fixed margins in account currency, a popular feature among retail FX clientele.

 

“We stay on top of changing compliance issues and create technology that helps our clients to fulfill their applicable regulatory requirements,” says Ilya Sorokin, CEO of ActForex. “I believe we will see many more requirements from governmental agencies worldwide in the near future and having a technology provider that is responsive is absolutely essential these days.”

 

“Worldwide our licensees provide 450,000 traders with ActForex technology so we take our responsibilities very seriously. We were the first to introduce a solution for the NFAs’ FIFO and No-Hedging rules last year,” Sorokin continued, “so having introduced one of the very first retail FX trading platforms ten years ago and many innovations along the way, clients rely on us to protect their interests. Our expertise in Forex and other financial instruments incorporated into ActForex’s highly flexible trading platform allows our clients to concentrate on their business, while being compliant with regulations.”

 

Some other trading technology providers currently offer limited functionality to address coming Japanese regulations, which simply uses a position’s opening rate to calculate the fixed margin.  Such margin stays fixed for the lifetime of a position.  Since in the real market the position value constantly changes with each tick, the other methods of providing this functionality do not provide constant leverage. Ultimately these alternatives to the ActForex solution do not comply with the FSA’s upcoming leverage requirements, according to Japanese compliance specialists.

 

ActForex, Inc is a leading-edge Managed Service Provider that has been providing turn-key trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000. ActForex platforms allow firms to offer trading in Spot Forex, CFDs on Equities and Futures, Currency options, ETFs, and Forwards.

 

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06/01/2010

ActForex Releases iActTrader, the New Trading Solution for the iPhone

Comprehensive feature set marks the most complete mobile trading solution to date

ActForex, Inc., the leading provider of independent retail trading platforms, today announced the release of iActTraderTM, its new and innovative trading solution for Apple’s iPhone. iActTrader is a full featured trading application that allows ActForex traders to log in to their existing trading account, view dealing rates, place trades, manage their accounts, and much more. Unlike the WAP-based mobile trading solution that ActForex has offered for several years, iActTrader has been built from the ground up, offers more advanced features, and is specifically designed to take advantage of the sophisticated technological capabilities of the iPhone.

“ActForex has long been at the technological forefront of mobile trading and today we have reached a new milestone,” said Ilya Sorokin, CEO of ActForex. “We are thrilled to bring the features, speed, and reliability that traders have come to expect from ActTrader to the world’s most popular mobile platform.” iActTrader joins ActTraderTM, ActWebTraderTM, and the existing mobile trading application to make up the suite of trading applications offered by ActForex. Traders are able to trade on any or all of these platforms while their trading activity is automatically synchronized.

Key features of iActTrader:

·         Live streaming dealing rates

·         Real-time interactive charts

·         Live trading from the existing ActTrader account

·         Comprehensive order management

·         Detailed account information

·         Open position information

·         Access to trading history

·         Live, up to the minute news stream

·         Instrument subscription management

·         Attractive and intuitive interface

iActTrader is now available from Apple’s iTunes application store. Click here to download iActTrader.

ActForex, Inc. has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000. ActForex platforms allow firms to offer trading in Forex, Futures CFDs, Equity CFDs, Currency options, ETFs, and Forwards.

iActTrader, ActTrader, ActWebTrader and the ActForex logo are trademarks of ActForex, Inc. ActForex is a registered trademark of ActForex, Inc. iPhone is a registered trademark of Apple, Inc.

05/06/2010

ActForex Releases Enhanced Charting Package

New release offers unprecedented level of chart analysis, customization

ActForex, Inc., the leading provider of independent retail trading platforms, today announced a major enhancement of the charting package for its EnterpriseFX™, CommandFX™ and ActIB™ applications. This update introduces many chart features, including new measurement tools, greater customization, and additional technical indicators. “We know that the proper analysis of charts is at the heart of any informed trading decision,” said Ilya Sorokin, CEO of ActForex, “which is why we continue to provide our traders with the most advanced and comprehensive charting tools available anywhere.” Besides giving traders new ways to analyze and customize charts, the update also accelerates performance for complex analysis.

Key new capabilities of the charting package:

- Access many new technical indicators, including Pivot Points, Auto Trendlines, and more

- Set alerts on penetration of a trend line

- Save charts and chart templates for later use

- Copy, paste and link various objects across multiple charts

- Create and apply custom text labels on the chart body

- Customize the name, color, and style of manually plotted chart objects

- Pre-load additional chart history upon opening a chart

- Use three new candle formation indicators: Morning/Evening Star, Tweezer, Engulfing

- Customize the parameters of the Fibonacci Retracement tool

The charting package is a free component of all ActForex applications. The update has been rolled out to all ActForex Licensees for internal evaluation this week and will become available free of charge to all current end users of ActForex platforms by the beginning of May.

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About ActForex, Inc:
ActForex, Inc has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000. ActForex platforms allow firms to offer trading in Forex, Futures CFDs, Equity CFDs, Currency options, ETFs, and Forwards.

04/22/2010

ActForex Introduces New Innovative Features to Dealers and Traders

Enhanced convenience, content management at the center of new functionality

ActForex, Inc., the leading provider of independent retail trading platforms, today announced an update to its front-end dealing and trading applications, ActDealerTM and ActTraderTM. This update is being released together with a comprehensive new charting package. ActDealerTM enhancements include new features helping dealers better manage risk by efficiently processing large amounts of information. “Dealers handle a great deal of real-time streaming information as part of their job,” said Igor Litinsky, COO of ActForex. “The new features in this release give them additional tools they need to make their work much easier and more efficient, thus increasing the profitability of their operations.” ActTrader enhancements expand the global nature of the platform (currently available in 12 languages and used in over 50 countries) allowing traders to set their own custom time zones that correspond to the geographic location of their trading activity.

Key new front-end features for dealers and traders:

·         Content Filtering in ActDealer allows dealers to filter the contents of almost any window by various parameters. This represents a great new convenience to dealers who often must deal with large amounts of information on their screens and need to customize it for fast decision making .

·         Multiple Orders windows in ActDealer give dealers greater flexibility in managing a multitude of orders coming into the system. The two Orders windows can be filtered and customized independently of each other, providing a multidimensional view of the same information.

·         The Multiple-Level Sorting feature enables both traders and dealers to keep better track of their accounts, orders, positions, and trade history.

·         Customizable Time Zones allow traders to view their platform and reports in the time zone of their choice. This can help localize ActTrader even further, or align their platform with the time zones of different world markets.

·         System owners can now offer a charts-only version of ActTrader for demonstration, educational, or analysis-only purposes.

ActForex, Inc has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000. ActForex platforms allow firms to offer trading in Forex, Futures CFDs, Equity CFDs, Currency Options, ETFs, and Forwards.

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11/20/2009

ActForex, Inc. Launches New Website

New version of site coincides with release of enterpriseFX® 3.0; follows recent opening of algorithmic trading portal

NEW YORK, Nov 20, 2009 – ActForex, Inc. today announced the launch of its new website at www.actforex.com and the recent opening of www.actfx.com – the Internet portal for ActForex’s proprietary automated trading technology. The unveiling of the new website coincides with the wide release of enterpriseFX® 3.0, the latest version of ActForex’s comprehensive turnkey trading solution. The new website is designed to make it easier for any type of prospective client to quickly find information on products and services they are interested in. The site also contains more content geared toward individual traders, providing them with information on ActTraderTM, ActForex’s cutting edge trading application, and allowing them to open a demo account with one of ActForex’s many existing licensees.

ActForex has also recently launched the Internet portal for ActFX (www.actfx.com), ActForex’s proprietary automated trading technology. ActFX is the environment inside ActTrader that allows traders to create custom technical indicators and algorithmic trading strategies, as well as to test and execute these strategies. ActFX is also the name of the script used to write these indicators/strategies. “Today’s markets are driven by innovation, and a top-notch algorithmic trading system is quickly becoming a must for many traders,” said Ilya Sorokin, CEO of ActForex, Inc. “ The opening of ActFX.com shows ActForex’s continued commitment to giving traders and financial firms the best technology and support they need to succeed in today’s markets.”

The ActFX Internet portal offers the following:

  • User forum that allows traders to ask questions and share tips on automated trading
  • ActFX Knowledge Base
  • ActFX Code Library
  • Frequently Asked Questions
  • Comprehensive ActFX Manuals

 

ActForex ActTrader platforms provide the most efficient, flexible, and reliable path to trade Forex, Future CFDs, Equity CFDs, Currency options, ETFs, and Forwards. ActForex provides Financial Institutions with the most comprehensive and state-of-the-art trading technology available for retail Forex and OTC instruments. Since 2000, ActForex has consistently been the largest and most respected independent platform provider in almost every corner of the world. Designed around the needs of its clients, ActForex offers total turnkey solutions that allow firms to be completely operational within a few days.

To learn more about ActForex, Inc. and its products and services, please visit www.actforex.com.

11/20/2009

ActForex, Inc. Launches enterpriseFX 3.0

New version of trading platform offers revamped trading interface, comprehensive risk management and white label customization

NEW YORK, Nov 19, 2009 – ActForex, Inc. today announced the launch of enterpriseFX® 3.0, the hotly anticipated new version of its comprehensive turnkey trading solution. Some of the most visible new changes are on display in ActTraderTM, ActForex’s cutting edge trading application. “A great trader experience is the key to the business success of any trading institution,” said Ilya Sorokin, CEO of ActForex, Inc. “The innovative new features and design of ActTrader show our commitment to delivering the most competitive trading solution to our licensees, helping them continue to attract and retain clients for years to come.”
In addition to the brand new ActTrader, this release offers a host of new features for dealers and administrators, giving them greater control over instrument customization, risk management and STP functionality, and enhanced white label options. ActForex ActTrader™ platforms provide the most efficient, flexible, and reliable path to trade Forex, Future CFDs, Equity CFDs, Currency options, ETFs, and Forwards.
Key Features of enterpriseFX 3.0:
  • Comprehensive redesign of the ActTrader interface
    • Easily access all necessary trading functions through the innovative new FXVoyagerTM interface
    • Select one of the preset desktop profiles or configure and save your own
    • Enjoy a live at-a-glance view of used margin with the margin utilization indicator
    • Choose from 9 new technical indicators in charts
  • Greater control for Dealers and platform Administrators
    • Schedule instrument trading hours with maximum flexibility by setting multiple non-trading intervals per instrument
    • Edit out bad ticks (spikes) in the Rate History report
    • Maximize efficiency and minimize distractions by replacing pop-up messages with floating ones in ActDealerTM
    • Set conditional order execution rates separately on individual instruments
  • More advances in risk management and Straight-Through Processing (STP)
    • Offset trades from certain accounts onto a virtual clearing account for maximum risk management flexibility
    • Tell the system how much risk to take on in the event of partial execution of a clearing order
    • Configure the platform’s response to potential negative spreads in external rates
    • New IB-level settings for even greater white label customization
    • Set different commissions and transaction fees per IB
    • Apply different price shifts per IB
    • Configure condition distance per instrument per IB
    • Offer a variety of HTML windows for custom IB content
 
ActForex provides Financial Institutions with the most comprehensive and state- of-the-art trading technology available for retail Forex and OTC instruments. Since 2000, ActForex has consistently been the largest and most respected independent platform provider in almost every corner of the world. Designed around the needs of its clients, ActForex offers total turnkey solutions that allow firms to be completely operational within a few days.
To learn more about ActForex, Inc. and its products and services, please visit www.actforex.com.
07/08/2009

Forex Trading Compliance, 101

ActForex Makes Regulatory Requirements Highly Manageable.

 

New York, NY, July 08, 2009 -- ActForex, Inc, the leading provider of independent retail Forex trading platforms, today announced that its trading platform is compliant with the impending National Futures Association (NFA) regulation known as Rule 2-43(b) that will affect all US based Forex Dealer Members (FDMs) after July 31, 2009. This rule requires every FDM to offset positions in a customer account on a first-in, first-out basis. The rule also prohibits a trading practice commonly referred to as "hedging."

“The most effective way to deal with regulation is to stay one step ahead of it,” says ActForex CEO, Ilya Sorokin. “Our platform has had the solution to Rule 2-43(b) before there even was a rule and transitioning is as easy as a mouse click for our clients. In fact, our ‘back-office’ functionality has remarkable depth and flexibility with hundreds of client adjustable parameters, which has been instrumental to our continued growth.”

Director of Business Analysis, Alex Bromberg agrees, “In high technology, everyone has to walk a fine line when deciding what resources need to be allocated to features and functionality. But ultimately it all has to go beyond just bells and whistles. Putting resources into upcoming regulations well before the effective date makes it easy for our clients to be instantly compliant and they don’t have to worry about their business being affected by their trading platform because of ever-changing regulations.”

The NFA is a self-regulatory organization for the US futures industry that is accountable to the Commodity Futures Trading Commission (CFTC), a federal regulatory agency with jurisdiction over futures trading. Originally Rule 2-43(b) was scheduled to become effective on May 15, 2009 but because many technology providers were unable to be compliant by then, the NFA extended the date to be effective after July 31.

ActForex, Inc is a leading-edge Managed Service Provider that has been providing Forex trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Mangers worldwide since 2000.

06/14/2008

Trading Firms Offer More Alternatives to Traders

Trading Platform Expands Available Instruments with a Modular Approach.

 

New York, NY, June 14, 2008 -- ActForex, Inc, the leading provider of independent retail Forex trading platforms, today announced the release of ActModulesTM, a new suite of solutions that allow trading firms to offer a vastly expanded number of financial instruments to retail traders. Based on the highly regarded ActForex ICTS® platform, ActModules are available that support trading CFDs, Futures, Currency Options, Forwards, EFTs, Commodities and Forex. Allowing simultaneous connectivity to multiple feeds for multiple instruments further enhances this proven, ultra-stable platform.

“ActModules represents a major breakthrough in the trading technology industry,” says ActForex CEO, Ilya Sorokin. “Because of the new modular approach, our clients can now offer their traders as many or as few financial instruments as they want, based on their company’s specific business objectives. All ActForex clients will benefit by being able to customize their product mix using the modular building blocks available, yet, avoid paying for technology they don’t use. And all of this diversity is easily managed internally due to ActModules’ extensive back-office features, which includes comprehensive risk management tools for each instrument.”

Alex Melnik, ActForex Vice President of Business Development adds, “ As a Managed Service Provider offering so many different market opportunities, ActForex trading solutions continue to allow firms to focus on developing and maintaining relationships with their clientele – not IT issues. With the convergence of advanced technology and today’s in-demand financial instruments, ActModules sets the scene for virtually any trading firm to create the so-called ‘perfect storm’.”

ActForex, Inc is a leading-edge Managed Service Provider that has been providing Forex trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Mangers worldwide since 2000.

11/16/2007

Innovation is Key to Client Retention

Forex Market Makers and Retail Traders Experience Financial Success Through Better Technology

New York, NY, November 16, 2007 --(PR.com)-- ActForex, Inc, the leading provider of independent retail Forex trading platforms, today announced the release of a new update to its ICTS® product suite that enhances important features for more than 1200 institutions and IBs worldwide. The new release includes a host of intuitive elements requested by retail currency traders and trading firms using ActForex technology.

“We do not just sell technology to our clients, we partner with them to make their business a success - our bottom line depends on it,” says Ilya Sorokin, CEO of ActForex, Inc. “We have always shown great commitment to our licensees by addressing their needs, consequently better technology leads to more business. Continual input from our clients has literally driven the technical sophistication of our trading platform.” He adds, “Retention through product innovation works very well for everyone.”

Several major upgrades to the ActForex platform features include:

Spike Protection
Dealers and market makers have comprehensive tools to manage risk in a volatile and unpredictable market but until now, occasionally experienced rate spikes caused by errors in external price feeds. This newly advanced component automatically filters out erroneous rate quotes, ensuring that only valid dealing rates are offered to traders, protecting both dealers and traders from the risk of invalid rate spikes.

Trading from Charts
Many traders prefer using the advanced charting information available with ActForex platforms and can now create and manage orders and positions without leaving the informative environment of the chart. When every second counts, not having to switch windows to place trades gives traders a crucial edge.

Managed Account Self-Administration
ActForex offers advanced features and support for money managers operating multiple accounts simultaneously. With this new release, money managers as well as traders have the capability to set up and manage their own groups of accounts and no longer have to rely on system administrators for help. This unprecedented freedom means that it is quicker and simpler than ever to organize groups of managed accounts and begin trading.

ActForex, Inc is a leading-edge Managed Service Provider that has been providing Forex trading technology solutions for a multitude of FCMs, Broker Dealers, Introducing Brokers and Money Mangers worldwide since 2000.

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