Trader’s life is full of surprises and sharp turns. However, there has been no significant progress made in trading technology development for more than 10 years, except, perhaps, for some financial instruments traders experiment with. Everything is as usual: finding effective and working trading strategy, testing, developing a trading plan to achieve one goal – to make a profit.
For years traders have been encircling their desktop workspaces with monstrous immovable stands compiled of 4 to 8 screens one won’t even dare to touch or change. Is this really the best we have in the age of portable devices and online services?
With the rise of “technologies of tomorrow” we are now able to implement them in many areas of human activity, thus, crafting powerful and automated solutions for an easier life.
So, what does the future hold for Trading and how the progress may be achieved in this area? On the one hand, there’s a great scope for further innovations, still, on the other, it’s getting harder to compete in the cut-throat market and develop stand-out products.
Web Trading Platform or Desktop One?
In the era of innovations some software development companies eager to diversify trading environment and improve traders’ life by leveraging the latest technologies of AI, machine learning, blockchain etc. There are quite a few feature-rich web and mobile trading software products released already. Trading on the web means you can analyze financial quotes and place orders in just a couple of clicks with no requirements to download or install anything to your computer. However, only a few professional traders presume to use web tools since some prefer desktop instead, believing it to be more reliable, secure and efficient. Though that’s quite debatable, here are few points where we think web-based trading solutions leave desktop ones behind:
Web-based applications can be easily used anytime on any portable device with an Internet connection, be it mobile or laptop or another micro device. Desktop apps are confined to a physical place meaning you cannot carry your PC\laptop everywhere to access desktop applications.
- Performance & Maintenance
The work of desktop solutions depends on a user’s machine computing powers. So if it gets broken or laggy or else, it may affect a trader’s performance. However, if it’s a web-based solution, all data processing happens on the cloud. Moreover, the program itself can be accessed from any other computer or phone.
Plus, desktop solutions require a user’s interaction to update software, while web-based apps are always launched with the latest version.
- Cost-effective Development
Another important advantage is web-based applications are usually compatible with many platforms making it cross-platform and enabling the cheapest and fastest development option.
- Adaptation to Increased Workload
You won’t need costly and powerful hardware or extra storage to deal with increased data workload as servers can handle everything. Otherwise, you can simply add new servers to your system.
- Easy Customizations
Depending on goals, business peculiarities and needs, it’s up to you to decide which option is the most suitable. Nonetheless, there is a growing number of traders that take advantage of custom software and are ready to pay for the development of customizable fit-for-purpose web tools for better trading conditions.
Strategy Designing on the Go
It’s no big secret that a sure-fire formula for profitable trading is an effective and successful strategy. Sometimes it may take a long time to build the right model that minimizes the risk of losing. As of now, traders have an amazing opportunity to test and deploy strategies right within a browser window by using web-based trading platform solutions right out-of-the-box.
Even minimalistic platform with a simple scripting language for strategy designing has all information stored and uploaded on the cloud making it accessible anytime and anywhere – while you are on business trip or vacationing. You won’t need the system with 8 screens – it’s enough to have a mobile, a tablet or a netbook at hand. All the data processing will be on a cloud and then uploaded on a platform.
Where I Can Find Such Software?
From among the companies providing web-based software for trading comes Fintatech – a company aiming to switch traders, trading groups and even trading institutes and companies to Web – from analyzing market data and strategy backtesting to conquering the markets.
Presently, Fintatech provides with the set of powerful solutions, that includes:
- Trading Chart Designer – HTML5 trading chart for technical analysis of any financial data
- Trading Platform Designer – a web-based trading platform with multi-charting, order management, scripting, and backtesting
- Trading Data Server – powerful solution with feature-rich API for real-time & historical data distribution
These solutions are ready-to-use products that work individually, but at the same time they are like building blocks: when integrated all together, they give a full freedom of customization to meet personal requirements.
If you wonder why solutions have “Designer” in their name, there’s a simple explanation. After you get the products, the tech team is all here to “redesign”, customize and tailor all software for your specific needs.
To name a few best features about Trading Data Server, it’s worth to mention FintaScript language accompanied with C# variation of the script, backtesting functionality, and cloud-based financial data storage. If connected to Trading Platform Designer you can test and deploy strategies from any browser and operating system, including Mac, Windows, and Linux. All this, being unheard of just a couple of years ago, is now available for everyone who’s daring enough to believe in trading on the web.
The future is intriguing: will it be possible to leapfrog old technologies and with the latest innovation combinations switch a trader to a smartphone when he’s planning a working strategy walking in the park, hiking or waiting for his beloved one to dine out with?
Do you think web-based trading solutions are the future or just gambling toys? Share your thoughts in the comment section below.