The development of cloud technology is allowing organizations to be more efficient and flexible with scalability options at affordable price points. By eliminating the cost associated with IT infrastructure, businesses large and small are able to concentrate on their core applications and improve the product and services they offer to their customers. The financial industry has been slow in adopting cloud technology, but new and improved security protocols are changing all that. Ariel Communications, provider of individual software components and entire trading platforms for financial institutions, is making its iTrade platform a cloud-based Software as a Service (SaaS (News - Alert)) solution.
With this new service, iTrade will provide startups and small margin FX (FOReign Exchange) and CFD (contract for difference) brokers a more affordable solution. This is made possible by lowering its hardware footprint and introducing hosting as part of it solution with Software as a Service (SaaS).
Small organizations and startups will now be able to leverage many of the features and functionality of iTrade and continue to use the platform as they grow because of the scalability it provides. The SaaS allows trade through chart packages, mobile capability, risk suite, regulatory compliance tools and liquidity provision with a competitive usage-based pricing model.
"This announcement is part of our strategy to broaden our client base whilst focusing on on-going innovation and new product development. It will enable entry level users to benefit from rapid, hassle free deployment of our platform at no additional IT infrastructure cost, minimal impact on a broker's internal IT resources and reduced total cost of ownership (TCO)," said Simon Cox (News - Alert), CEO of Ariel.
The platform has a customizable client front end for the web and mobile designed for each business with native mobile trading applications for Android, iPhone (News - Alert), and iPad. The interface includes an optional multiple language pack and a browser-based trading platform.
Organizations can place their brand on the business storefront, allowing companies to implement specific user requirements while integrating a corporate website with the web-based and browser-agnostic iTrade platform, providing more accessibility without compatibility issues.
Edited by Cassandra Tucker