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Forex Trading Solution

Foreign Exchange Trading Platform and Adapter for international realtime currency exchange in secure way. Sourceful ICT Generic Fix Adapter (GFA) is a highly optimized electronic trading engine.

Business industry
Trading
Timeframes
Ongoing since October 2019
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Product overview

Foreign Exchange Trading Platform and Adapter for international realtime currency exchange in secure way. Sourceful ICT Generic Fix Adapter (GFA) is a highly optimized electronic trading engine. Employing Financial Information eXchange (FIX) protocol for direct market access increases trading speed and lowering latency. Using FIX Electronic Trading (ET) enables orders placement, price feeds, and trade information.

Innovation

Sourceful ICT Generic Fix Adapter (GFA) is a highly optimized electronic trading engine. Employing Financial Information eXchange(FIX) protocol for direct market access increases trading speed andlowering latency. Using FIX Electronic Trading (ET) enables ordersplacement, price feeds, and trade information. The Generic Fix Adapter offers FIX connectivity for price taker institutions that have already implemented or plan to implement theirown graphical interface via GFA application programming interface.

Features
  • Direct market access
  • Optimized electronic trading
  • Modular API enabling message formating suited for clientsystem (JSON, FIX, XML)
  • Easy deployment on Windows and Linux servers
  • Security and authentication protocols
  • Application monitoring tools
Functionality summary
  • 01Market prices monitoring for spot and future deals
  • 02Securespot and forward trading
  • 03Deal availability timer
  • 04Deal availability timer
  • 05Deal availability timer
  • 06GFA supports trading on all currency pairs available to the Client
  • 07Include holiday schedule for all forex markets
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Easy to deploy

GFA is built based on the FIX protocol version 5.0SP1 with additional tags.

For purpose of cross platform deployment GFA is developed in MONO, an implementation of Microsoft’s .NET Framework based on the ECMAstandards for C# and the Common Language Runtime. The application enables creation of fles logs and database data storage both MSSQLand MySQL.

Trade security is provided with FIX protocol and SSL encryption.

Easy to deploy architecture and built in monitoring tool makes it a perfect trading engine.Optionally Sourceful ICT offers Support Desk and Monitoring features for Clients lacking IT support.

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Elastic software

The GFA enables access using application programming interface (API).Modular API architecture provides full flexibility of input/output formatting according to client system requirements. GFA is equipped with authentication protocols and application monitoring tools bringing full control of the application environment to the Client/client system.

Key aspects

Here are a few key aspects of our foreign exchange adapter:

  1. Data Retrieval: The adapter connects to external data sources, such as Forex service providers or financial institutions, to retrieve up-to-date currency exchange rates. These rates can be used for various purposes, including currency conversion, financial calculations, or reporting.
  2. Currency Conversion: Our adapter typically offer functionalities to convert amounts from one currency to another based on the retrieved exchange rates. It handles the necessary calculations and provide the converted values to the integrating system or application.
  3. Integration: Our adpater is designed to seamlessly integrate with different systems, platforms, or applications, including financial systems, e-commerce platforms, accounting software, or enterprise resource planning (ERP) systems. It provide APIs (Application Programming Interfaces) or other integration methods to enable easy communication and data exchange between the adapter and the integrated system.
  4. Rate Management: Our adapter allow users to manage and customize exchange rate data according to specific requirements. Users can configure preferred sources, set exchange rate refresh intervals, and apply currency conversion rules to meet their needs.
  5. Error Handling and Validation: Our adaptere includes error handling mechanisms to handle exceptions, network issues, or data inconsistencies. It can perform data validation to ensure the accuracy and integrity of the retrieved exchange rate data.
  6. Security and Compliance: FOur adaptere incorporate security measures to protect sensitive financial data during the integration process. It supports encryption, authentication, or other security protocols to ensure the secure transmission and handling of Forex-related information.

Our Forex adapter is particularly useful in applications that involve cross-border transactions, multi-currency support, or financial calculations that require real-time exchange rates. It provides a standardized interface and simplify the integration of Forex functionalities, eliminating the need for developers to build such capabilities from scratch.

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