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Screenshot of a breaking news alert e-mail from Q2 2017
Alpari, the company which is often credited with the invention of the PAMM account, with which FX portfolio managers can trade multiple accounts for their clients within one trading platform, has announced that it has released its new PAMM Portfolio Service.
The most significant new feature within this new service is that it allows traders to to create a public PAMM Portfolio, and so attract and manage funds from other investors.
This development builds further upon the move toward social media which has enveloped the entire retail FX industry as a method of effectively acquiring new clients whilst equally acting as a retention tool.
With Apari’s PAMM Portfolio Service, FX portfolio managers can create a PAMM Portfolio using the firm’s special portfolio builder on the website. Additionally, the structure of the portfolio can be tailored, for example, by adding or removing accounts, from myAlpari.
Alpari’s pioneering entry into catering for FX portfolio managers was spearheaded in 2007 by Moscow Institute of Electronics and Mathematics graduade Dmitry Orlov, who observed during his own time as a trader between 2004 and 2007 that there were no practical asset management systems for retail FX.
Mr. Orlov’s development rapidly took hold in the Russian market, after which time he began negotiating with MetaQuotes as to how to build a system which would create multiple orders in MetaTrader, however this was thwarted by MetaQuotes’ own endeavors to offer its own signal service, and therefore led to Mr. Orlov’s development team having developed a solution based on plugins for MetaTrader 4.
Soon afterwards, the global popularity of the PAMM account had taken hold, and Mr. Orlov last year went on to establish Strategy Store, a solution which combines the advantages of signal trading services and PAMM accounts into one platform.