ChoiceFX Metatrader Pricing and Trading Gateways Press Release

The concept behind running ChoiceFX and Metatrader platforms together is a simple but a beneficial one. Connecting the two systems allows retail customers, familiar with the Metatrader platform to continue using it, with all its features, including Expert Advisor. At the same time a link to ChoiceFX gives Metatrader more robust and reliable aggregate price feed and additional functionality of STP execution where trades requested by customers on Metatrader platform would be executed against bank feeds connected to the ChoiceFX platform, thus eliminating any possibility of customers taking advantage of a stale price. In addition shifting trade validation and execution to the ChoiceFX platform would greatly reduce manual work required to manage the Metatrader platform, increasing productivity and making running and managing the Metatrader platform more economical.

From the technical stand point connecting ChoiceFX and Metatrader platform would create one system.

1. ChoiceFX platform would connect to multiple bank feeds. There are many benefits in connecting multiple bank feeds to one platform. By definition a combined price feed would be virtually always better then any one single price feed. In addition running multiple feeds would give ChoiceFX platform price redundancy as any of these bank feeds could at times stop or disconnect but having multiple feeds would reduce system's dependency on one single feed.
2. These multiple feeds would give ChoiceFX platform an institutional grade prices, often with spreads below one pip and even inverted. This synthetic feed (ChoiceFX platform would automatically allow customers to trade on the best bid and the best offer most likely coming from two different banks) would create the basis for the profitable trading operation.
3. We already have about 20 API connections to various liquidity providers, big and small so setting up such system should be easy. Also since we have a lot of knowledge and experience in how to build such components, adding a connection to a new liquidity provider is a matter of a few days.
4. ChoiceFX platform would be connected to Metatrader platform to:
   • Provide the price feed for the Metatrader platform
   • Shift trade validation and execution to the ChoiceFX platform
5. There are a number of ways to generate revenues with such set up:
   • Spreads on Metatrader platform can be increased. These extra spreads will be collected at the time of the execution on the ChoiceFX platform
   • Some customers can be charged commissions
   • Rollovers
   • System can be set up to route trades to the liquidity providers directly or to route trades to the dealing desk and letting the dealing desk then hedge open positions as they see fit on a multiple feeds system
   • System can also be set up to only execute customer trades when a minimum additional spread is guarantied and in case such spread is not available system would send a re-quote to the customer
6. Since all trades are validated and executed on the ChoiceFX platform, trades are only executed when there is a tradable price from one of our liquidity providers confirming such trade, thus eliminating any trading risk.
7. From the Backoffice stand point, the MT Omnibus account on ChoiceFX platform would represent all Metatrader customers in ChoiceFX platform. So, for example, if a Metatrader customer buys 100,000 EURUSD, this order is sent through the API connection to the ChoiceFX platform and on there MT Omnibus account would attempt to confirm this trade with the best available price from one of our market markers. If there is the extra spread build into the price requested by the Metatrader customer, that spread would be captured and credited to a specially designated account. Once this trade is confirmed, ChoiceFX platform would communicate to Metatrader platform this information and the client on Metatrader would in turn receive the trade confirmation.
8. At the end of each day, ChoiceFX Backoffice will have all the information available to show how much was made as commissions, extra spread or rollover spread, how much customers profit and loss, and how much our liquidity providers made or lost, therefore giving system operators a detailed accounting record of the system operation.