myForex Trading Platform Components

For printable version of myForex Trading Platform features and components, please download System Whitepaper document in Adobe PDF format.

 

Back Office Subsystem
myForex is a trading technology for retail Forex market makers and brokers. When financial services company choose a trading platform or new counterparty for their transactions, an efficient back office system for managing their activity is often just as important as price competitiveness and quality of service.

Administration Component

This component is an organizational hierarchy management console for mapping underlying business units of a financial company entire enterprise which can fully leverage the flexible company structure and well-organized online business structure must accurately reflect it. Administrator is a module that provides a graphical, web-based console that does not require training to use and enables authorized users within a company organization to quickly model partners, customers and departments. Administrator stores organizational data and structures in an extremely efficient format, enabling an unlimited number of levels as well as rapid response times for searching across the hierarchy. New information is dispatched in real time by the Administrator module to the Dealing Gateway where it can be used immediately.

System Settings Component

System Setting component is probably the most innovative aspect of myForex that allows financial institution to define rules and workflows for the Dealing Gateway functionality. Rules can be based on specific currency pair, affiliate, customer, account and any other attribute available to the workflow engine. It enables authorized users to assign appropriate trading and risk management rules at each level of the organizational hierarchy defined in Administration component.

Trading History and Accounting Component

Maintains and provides history of all trading information. Component is designed to ensure that all settlement transactions, charges and commissions are tracked and recorded and that books and records are kept in accordance with regulatory guidelines and accounting standards.

Rate History Component

Responsible for storing historical rates information used by Reporting Component and Chart Server component.

Reports Component

Used for trade history reporting functionality. System allows getting complete and detailed business and audit reports for any transaction had been processed over it.