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Screenshot of a breaking news alert e-mail from Q2 2017
Software developer PFSOFT keeps enhancing the risk management capabilities of its flagship multi-asset trading platform Protrader.
Only a couple of weeks after PFSOFT introduced a Margin Analyzer panel on the platform to help asset managers and professional traders tackle various risks, the company now announces the addition of another risk management functionality, this time targeted at CFD brokers using b-book execution.
The new functionality is called Price Limits. These limits are specially developed to cut market risks during large price movements as well as to avoid panic buying and selling.
Brokers acting as a principal to their clients will benefit from this functionality that allows setting up max price change during the trading day. Brokers can either reflect limits directly from the exchange, or set up lower values based on their risk management, and, this way, reduce their losses.
Similar to the stock and futures markets, these limits enable brokers to decline all the new orders outside of these limits automatically. At the same time, there is no trading halt, and if the clients want to close their positions – it can be done.
To view the official announcement by PFSOFT, click here.