December 2, 2019 Tradefora PLC, an innovative software company with focus on Best Execution, is pleased to announce the addition of the “perfect dozen” of most popular stock indices to its benchmark reference price index for OTC markets.
Newly added instruments cover 12 major stock indices for Asia, EU and the US markets and now expanded the total list to 150+. Starting December 1st, 2019 all the retail users of Tradefora platform are able to check and verify the live and historic pricing, average spreads and run swaps comparison analysis for top 12 stock indices.
Figure 1. Major 12 stock indices supported by Tradefora Composite Index
“It’s not a secret to anyone that finding good liquidity for stock index CFDs can be a very challenging process and it’s a sore point for many brokers. Therefore, expanding the coverage of Tradefora Composite Index onto stock indices is a natural evolution of our Tradefora Composite Index. As the popularity of stock indices is steadily growing over the years, we saw a rising demand from our traders and broker clients for price and execution verification on stock indices. With this latest update we are happy that Tradefora is among the first vendors to offer such service for the retail OTC space”, stated Pavel Khizhnyak, Co-Founder/CEO of Tradefora PLC.
Pavel Khizhnyak further added, “Tradefora.com portal offers all its users an easy way to compare any of the supported 150+ instruments across multiple brokers for quotes, spreads and swaps in near real-time and on historic price charts completely free of charge. We are already being used by many clients, brokers and 3rd party dispute resolution organizations for execution price validation”.
Figure 2. Tradefora Composite Index is used as OTC market reference price
Tradefora PLC is an innovative independent software provider with focus on Best Execution and a mission to bring about more transparency to the OTC market space. Tradefora has developed a unique set of BestEX and TCA solutions for retail traders, brokers and regulators.
1) TradeGuard — reference price aggregation engine, which works for both historic and live trade BestEx verification for traders and brokers alike. The retail trader version is the industry’s 1st fully automated TCA and trade execution quality measurement engine, which is offered to all retail traders at no cost and without limits. It is based on aggregating 100+ retail brokers pricing across the most popular instruments (FX, metals, energy, crypto and indices) with powerful visual tools, millisecond precision and trader-specific analytics. TradeGuard for brokers comes with iframe and json API integration options
2) RTS 27/28 — MiFID II standard Best Execution Reporting Automation with a dedicated portal ( www.rts27report.com )
3) DataGuard — highly optimized secure solution for tick by tick market data collection, analysis and visualization with up to 25 market depth levels.
4) FeedGuard — real-time price feed monitoring, alerts and analytics system for latency, stale pricing and outlier detection.
For RTS 27/28 reporting solutions, please visit — https://RTS27report.com
For all other Best Execution solutions, please visit — https://Tradefora.com