Ironbeam caters to IBs who seek to introduce their customers to a Futures Commission Merchant (FCM), the organization that accepts orders to buy or sell futures contracts. Customers of these IBs are looking for technology expertise, such as low latency trading solutions, and are demanding trading mobility. “We address both of these demands by providing the technology ‘know how’ of managed co-location services so that customers can operate direct market access at the various exchange data centers,” says Farr. The firm offers Firetip, a trading platform that is designed to be intuitive, easy to learn and offers direct access markets and includes charting, news, account details and statements all at fingertips. Highlighting on the key aspect of Firetip, Farr explains that it is designed to interoperate with other trading platforms. “Any orders executed on any third-party system will instantly propagate to the Firetip platform for risk management and real-time account balance information,” says Farr.
Firetip is available for trading not only via desktop, but also mobile trading on tablet or mobile phone.
By moving to a cloud-based architecture, a trader can input their strategy on a desktop at the office, go to lunch and monitor their trading on their mobile device, and go home and view their orders and executions on a tablet
A new disruptive technology introduced in the latest version of Firetip is cloud-based trading. All trading logic and order strategies are inputted on the client but executed and stored on the server. “By moving to a cloud-based architecture, a trader can input their strategy on a desktop at the office, go to lunch and monitor their trading on their mobile device, and go home and view their orders and executions on a tablet,” adds Farr. Further features include notification services such that a customer can ask to be notified if there is a certain change in volume, liquidity, price, or execution of an order. For the future, the company aims at making further substantial investment in cloud based computing. “We believe it will revolutionize how trading platforms are used, particularly as they are used in the cloud based infrastructure,” concludes Farr.