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The vast array of technological solutions that support and power the FX industry are so abundant that many represent refinements on existing concepts, with a few new features.
There are many reasons for this, one of which is the risk associated with developing ground-up new ideas in terms of implementation considerations, timescale and sheer cost, however without totally new innovations, the FX industry would not be the leading edge, rapidly evolving business that it is today.
One of the most intrepid developers of systems which change the method by which electronic trading takes place is Dmitry Orlov, who is credited with having invented the PAMM system from which multiple accounts can be traded from one platform.
Six and a half years ago, during Mr. Orlov’s tenure at Alpari, the PAMM account came to fruition under his direction, which can be considered to be one of the mainstays of technological advancement in the retail FX industry, allowing companies to attract portfolio managers which execute one trade across multiple accounts, thus increasing the trading volume and deposit amounts exponentially for many companies once the mainstream firms realized the value of the service and adopted MetaQuotes’ adaptation which was launched subsequent to Alpari’s PAMM, under the MetaQuotes designation of Multi Account Manager.
In keeping with his innovative nature, Mr. Orlov has developed a further new technology, Strategy Store, a company which he founded, has partnered with Alpari to offer this platform, which provides traders with the facility to combine PAMM, social trading and copying of signals.
LeapRate spoke to Mr. Orlov today in order to detail the reasoning behind this, with Mr. Orlov explaining that “Signals Club has been suspended until we fix some technical problems.”
“Alpari has some specific requirements, therefore we have to continue development to refine the system to comply with them” he continued.
When asked as to a timescale with regard to resumption of service, Mr. Orlov concluded by stating that “I believe that it will be suspended for some time.”
Most certainly, development of such a technically advanced system which represents another industry first, is not an easy task, and requires consistent refinement, a matter which Strategy Store takes very seriously indeed as a not only a technology-led organization, but one that actually leads technology.