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RETAIL e-FX CLIENT
accounts via one single interface. Order execution is
allocated to sub-accounts by their pre-set percentage
weight.
6. Virtual Portfolio;
Delta Trading enables structuring and configuration
of virtual portfolios of customized groups of financial
instruments.
Any trading strategy can be back-tested in the Virtual
Portfolio Module, risk-free. Moreover any virtual
portfolio or part of it can be promptly converted into
a Live one by placing a basket order. The convenience
to monitor and analyze performance of any of the
Virtual or Live Portfolios is ensured by the ROI
(Return On Investment), P/L (Profit/Loss) and Index
Live Charts available in the Virtual Portfolio module
of Delta Trading.
The number of ECN/STP
Forex Brokers increased
tremendously in the last year or two. In that respect,
what makes you different from the others?
Well, I totally agree this particular segment of the
Retail e-FX sector has seen a vigorous growth recently.
Deltastock offers a pure ECN/STP environment.
Our Delta Trading L2 module integrates the price
feeds and liquidity of a number of Liquidity providers
– Banks, Market Makers, FX Brokerages.
In fact, Deltastock is one of the first Forex brokers to
offer a true ECN, where clients can not only see and
choose a certain liquidity provider for the execution of
their trades through STP (Straight Through Processing),
but they are also able to track with which Liquidity
Provider their order has been executed.
The Delta Trading L2 module enables Client-to-Client
order execution with no dealer intervention as well as
trader’s direct access to the Interbank FX market by
dealing with Deltastock Partners through STP.
140 | january 2010 e-FOREX
I should clarify that Deltastock is still a counterparty to
client trades, nonetheless the company acts as a broker.
This is the so-called Agency Execution Model – trade
orders are routed to the respective Liquidity Provider or
client on behalf of Deltastock. At the same time, for
the purposes of ensuring full transparency of the
ECN/STP trading, L2 module shows the names of the
Liquidity Providers next to their live price feeds, which
generate the liquidity pool and build market depth.
Clients can either choose with which Liquidity
provider to trade or place orders under the SMART
Routing Regime – dealing at the best BID/ASK price
of the market depth.
The Delta Trading L2 module ensures the competition
among the FX quote feeds of the Liquidity Providers
that translates into tight spreads for Deltastock Clients.
Another very important advantage of L2 (ECN/STP)
module is the ability for traders to open
positions with one Broker, Bank or Market
Maker and close them with another Liquidity
Provider:
• no need to open separate trading accounts
• no losses from paying the spread;
• no need to wire transfer funds for margin to
different bank accounts
• no different margin requirements
• no swap for holding opposite positions
Do you offer any additional services for
novice or inexperienced traders?
Clients less knowledgeable about FX Margin Trading
as well as investors who pursue it to supplement their
existing portfolio without having to learn a
completely new market, are offered our company’s
Managed Forex Account service. It follows the latest
trends on the FX market and clients are offered a
number of trading strategies to choose from. These
strategies are provided by the company or third party
experts and are automatically executed by Deltastock.
Unlike other Managed Forex Service providers,
Deltastock publishes only live performance data and
no back-test results on its website.
What are your company’s plans for future
development?
We plan to keep our business line of international
market expansion by opening more branches across
EU countries in the next couple of years. Our next
stop is very likely to be Frankfurt, Germany, as the
most probable home of the upcoming set-up of a
Single European Financial Services Regulator.