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The Client Terminal API
The Client Terminal API allows traders to send a
trade to Metatrader 4 from any other platform
or system. This gives a company the benefit of
having multiple platforms with which to trade. It
allows customers to send trades via a network connection
to a Metatrader 4 client terminal to be executed in the
Metatrader 4 server. From the client terminal's
point of view, it appears as if the trade was placed by
an Expert Advisor!
This C++ API allows customers to send trades in ASCII
format via a network connection to the Metatrader Server
via a client terminal. To use this API a company
must:
- Purchase the socket library and the client
terminal script
- Write its own software to open a socket
connection with the client terminal on the port
3456.
- Send trades to the client terminal as strings on
the socket connection.
- Accept answers in the same format from the same
socket.
We can also develop your end of the system to connect
to the Client Terminal API if requested.
MetaTrader 4 (Mt4) Bridges
Mt4 Bridges are connections between broker trading
platforms and banks that allow the broker to unload all
the risk to the bank while keeping a large share of the
commission and the spreads. Our bridges allow a
broker to submit trade requests directly to the bank of
its choice rather than putting the trade against the
broker’s own funds.
How do
Mt4 Bridges work?
Status Quo
To understand the bridge, one must first understand
the current trading process. MetaTrader 4 is an
online trading platform designed for financial
institutions dealing with Forex, CFD, and Futures
markets. The platform includes all necessary
components for brokerage services via internet including
the back office and dealing desk. Currently over
300 brokerage companies and banks worldwide have chosen
the MetaTrader solution to meet and accommodate high
standard of business performance.
Brokers that utilize MetaTrader 4 for their trades
probably follow the flow that is illustrated to the
right. A client uses a client terminal to place a
trade. The Mt4 server routes the trade to the
proper dealer who is using the Mt4 manager software.
The dealer then has the option to accept, reject,
requote, or delay the trade, and the answer is sent
through the server back to the client.
Adding an
Element
Sometimes a client creates a trade that is too risky,
too large, or not acceptable to the broker. An Mt4
Bridge by Boston Technologies can help a broker avoid
the trades that he or she does not feel comfortable
accepting or rejecting. Here’s how it works
(follow the illustration below):
- The client makes a trade. (Inherent in the
trade is a commission charged by the brokerage.)
- The trade is sent to the Mt4 server for routing
(as usual).
- Rather than using the human dealer the Mt4
server routes the trade to the bridge, and the
bridge re-routes the trade directly to the
bank of the brokerage’s choice.
- Now the bank has the option of accepting or
rejecting the trade. The bank will also charge a
commission, but the bank assumes all the
risk.
- The bridge routes the trade result to the Mt4
server with the bank’s answer.
- The Mt4 server sends the “accept” or “reject”
message to the client.
Since the Mt4 Bridge will be installed on the same
server as the Mt4 Server, there is virtually no delay in
processing the trade requests (100ms). If the
bridge is installed on a different machine, the delay
could increase to 1500ms.
Features and Construction
Each bridge is specifically developed with the client
and bank’s personal needs in mind. Boston
Technologies will customize your bridge for a specific
currency, connection to a specific bank, or any other
necessary component as requested. The bridges are
built in Java and provide:
- Full logs of all transactions for security and
redundancy.
- Support of Instant Orders, Market Orders,
Pending Orders, Order Modification, Take Profit,
Stop Loss, and Delete Order.
- Encrypted communications with the bank via a
VPN, SSL, or certificate protected connection.
- Easy-to-navigate graphical user interface (GUI).
- Support for multiple bridges on a single Mt4
Server.
- Full reporting of the entire bridge trading
activity in a universal format.
- Scheduled tasks (connect/disconnect, reporting,
etc.)
Contact - request info about MT solutions
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