NEW YORK, September 7, 2010-Alpari (US), a leading provider of online foreign exchange (FOREX, FX) trading services, today announced the creation of a proprietary netting plug-in, which addresses trading with the previously imposed NFA rule, “First in First Out (FIFO).” This proprietary technology allows traders to buy, sell and place opposite-side pending orders and net positions as one aggregated position. Alpari (US) developed this technology in-house and is the first company to offer this as a brand-new, unique trading functionality in the U.S. The NFA has reviewed use of this plug-in, which remains compliant with the FIFO trading rule.
The plug-in enables MetaTrader 4 clients to have more control over their trading choices when trading using the FIFO logic. Traders can now trade in a more flexible environment, as an alternate trading style with more convenience. It is optional for retail clients and will work with Expert Advisors whose programming is compatible with the plug-in.
“This innovative technology is a continuation of Alpari’s commitment to providing our clients with some of the most advanced trading technologies in the market. We are proud to offer this plug-in as it has been specifically designed and tailored to accommodate U.S. traders with more control and ultimately less FIFO-related difficulties,” says Daniel Skowronski, CEO Alpari (US).
Alpari (US) offers a comprehensive video tutorial and FAQ’s on the use of this plug-in. It can also be tested in an Alpari (US) Demo account. Please contact cs@alpari-us.com to request a Demo account which includes this netting option. For more information about the company, please visit http://www.alpari.com.
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