Fair Trading Technology is a technology provider company for online foreign exchange

Foreign exchange

Foreign exchange may refer to:Finance* Foreign exchange markets, where money in one currency is exchanged for another* Exchange rate, the price for which one currency is exchanged for another...

(forex) trading and forex information. It is mainly known for its technology service provided for Dukascopy Bank for ECN forex trading through their T3 Integration Bridge, which connects between MetaTrader 4

MetaTrader 4

MetaTrader 4, better known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. ...

 and Dukascopy's Jforex trading platform. In June 2011, the service was referenced on Dukascopy's official website as a thrid party provider.

Background

Fair Trading Technology was registered in United Kingdom in 2010 and has offices operated in the United Kingdom and Sweden.

Trading Platforms

The company offers a trading technology called T3 Execution Bridge. It functions as an MT4 ECN Bridge

MT4 ECN Bridge

MT4 ECN Bridge is technology allowing user to access ECN marketplace through MetaTrader 4 trading platform.-Background:Retail Forex brokers in general are divided into two categories: Dealing Desk brokers and Non-Dealing Desk brokers.-Dealing Desk:In the Dealing Desk model almost none of the...

, that connects between MetaTrader 4 and Dukascopy's Jforex platform. The features of the bridge are:

• Multi-way connection, meaning a trader places a trade on a platform, it will be synchronized on other platforms at the same time.
• Cloud Computing
  Cloud computing
  Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility over a network ....
  
   technology hosting the bridge and MetaTrader 4 on the same server to avoid delays in placing trades.
• Transparency - traders can verify whether their trades are made to the Interbank market
  Interbank market
  The interbank market is the top-level foreign exchange market where banks exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services and Thomson Reuters Dealing 3000 Xtra are the two competitors in...
  
  .

Fair Trading Technology also offer mobile trading platform for Apple iOS.

Application Architecture

The application is a web application which is exposed to the end users in-browser. To keep latency low, the servers with which the users interact are kept on-site.

Dukascopy and MetaTrader 4

Dukascopy is known for its transparency in its swiss SWFX market place. They offer direct access

Direct access

Direct Access may refer to:*DirectAccess, a network technology in Windows 7 and Windows Server 2008 R2*Direct access, a concept in computer science*Direct Access Archive, a proprietary file format...

 to the interbank Forex market. However they do not provide MetaTrader to their clients, instead their clients use Jforex platform to access the market. Fair Trading Technology's T3 Execution Bridge provide a solution to connect MetaTrader 4 to ECN market. In June 2011, the product is officially referenced on Dukascopy Bank's official web site.

MetaQuotes and MetaTrader 5

As MetaTrader 4 has been a popular trading platform but traders are waiting for the MetaTrader 5 platform to be release by MetaQuotes. The MetaTrader 5 is also something that Fair Trading Technology has to incorporate into their business model. According to McLean Van Cleve "MetaTrader 5 brings in OOP (Object Oriented Programming) which offers up a vastly greater range of analysis and execution possibilities for algo traders."