October 10th, 2014 – Hong Kong & New York: The Financial Commission today – announces that it has certified the ActTrader platform offered by a wall-street technology provider ActTrader Inc. (formerly ActForex Inc.) located in New York City.
The Financial Commission has successfully completed the certification of ActTrader platform based on the rigorous process of evaluating comprehensive technical information requirements.
ActTrader is an established technology provider servicing significant number of large and small-to-medium size brokerages. It has served many firms over last fifteen years it’s been in business and has proven itself as a viable solution provider in the trading technology space, as evidenced by its past and present client list and broad product offerings.
In addition to offering a number of flexible solutions for Forex brokers, ActTrader also provides a fully integrated and stand-alone Binary Options offering called ActBinary, and most recently a crypto-currency solution ActCoin.
Financial Commission membership approval process for firms seeking to join the Financial Commission includes technology review aimed at checking key points throughout the platform execution process.
As part of the review process, the Commission has established a detailed list of checkpoints to validate:
- Platform Security
- Platform Capacity
- Instruments and orders types
- Pricing and Execution Policy
- Reporting and record keeping
- Business Continuity/Disaster Recovery Plan
This review helps to ensure that an equitable decision process can be applied when reviewing claims from traders using such platforms.
Any firm powered by ActTrader platform can expect a faster approval for Financial Commission membership since the technology is already certified.
About the Financial Commission:
The industry-driven independent organization provides an unparalleled dispute resolution process between online brokerages and their customers. It helps to avoid costly arbitration and/or regulatory complaints which typically destroy customer- broker relationship. The Commission now expands its membership to accept applications from the Binary Options industry.
Technology developers seeking membership status with the Financial Commission can learn more about the process and expected technology certification requirements prior to submitting an application.
For more information, please contact The Financial Commission: [email protected]