EL SEGUNDO, Calif., — Jointly, Manhattan Beach Trading Financial Services, Inc. ("MBTFS") and Manhattan Beach Trading Futures, Inc ("MBTF"), collectively referred to as MB Trading, a technology-driven, low-commission brokerage specializing in order routing in FOREX, Equities, Futures, and Options through various global exchanges and electronic networks, announced today that they have publicly launched the popular MetaTrader 4 (MT4) platform fully integrated into their true ECN execution technology. The platform provides customers with a wide variety of trade entry options and reflects all customer limit orders in the public order book.
"This is a watershed moment for the company," said Ross Ditlove, CEO and Co-Founder of MB Trading. "A huge effort has gone into completely removing the deal desk functionality of MT4 while maintaining as much of the customer user experience as possible, including the automated trading components. We have a final product that is First-In, First-Out compliant, but still allows Expert Advisor scripts to work on a trade ID basis. This is the solution that MetaTrader customers around the world have been seeking."
MB Trading's ECN MetaTrader integration includes:
Immediate and anonymous posting of all limit orders directly into the quotes for anyone else to see and execute against;
No limitation on proximity of limit and stop orders;
Direct routing of market orders through proprietary algorithms to obtain best-price execution against banks, customers, and other dark pools of liquidity;
No requotes; and
No restrictions against scalping.
"The MT4 community reaches across the globe, and a lot has been made of recent regulatory changes here in the US," said David Lipsett, Executive Vice President of MBTFS. "Since our ECN execution technology is proprietary, we had a lot of flexibility in making a solution in-house that met both the needs of the global MetaTrader customer base and the new regulatory guidelines. Beta testers found the end product to be a solid solution for scalpers, manual traders, and EAs alike because it simply directs their orders straight into the marketplace."
The company is also launching MetaTrader webinars in MBT University covering a range of topics from basic charting to custom indicator trading. Other courses will explain the differences between deal desk and ECN MetaTrader systems. "One of our main objectives is to provide detailed and free education for customers about how the market and products work while providing an open and low-cost trading environment for them to take advantage of our execution technology," added Ditlove.
Securities products are offered through Manhattan Beach Trading Financial Services, Inc. ("MBTFS"), member FINRA, SIPC. MB Trading Futures, Inc. ("MBTF") is a CFTC registered FCM and member of NFA. MBTF offers execution and settlement services for futures based products, as well as offer off-exchange foreign currency (forex) products through MBTFS.
Disclosures
Based on Barron's 2006, 2007, and 2009, MB Trading was ranked 4.5 stars, the highest rank for the best Online Brokers.
Trading in Securities, Futures, Options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading Securities, Futures, Options and Forex because there is always the risk of substantial loss. The high degree of leverage that is often obtainable in Futures and Forex trading because of the small margin requirement can work against you as well as for you. Leverage can lead to large losses as well as gains. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors, including factors related to the use of automated systems.
All trademarks are the property of their respective owners. – MB Trading Holdings, LLC
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