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Australian Trading Platforms

By Dugald McCulloch

Republish: EasyPublish™ Published: 23Feb2012 Word count: 434 Viewed: 42 time(s) Get Free Content For Your Site

When it comes to trading the financial markets, there is a seemingly apparent lack of Australian trading platforms that offer traders a broad range of instruments to trade. By instruments, I mean Forex, CFDs, Stocks, Options, Futures, Indices, ETFs, e-Mini's, Commodities and the like.

Australian trading platforms haven't really yet hit the mainstream as most providers are white labels of either banking software or large multinational broking houses. Most trading platform available to the Australia were developed in either Europe or the United States. Trading platforms have come a long way since the invention of the internet. Most providers now offer traders the ability to download software to their PC's or offer a secure online version of that software. More recently however, with the popularity of handheld devices such as the smartphone or tablet PC, trading platform providers have had to innovate to provide applications that are user friendly to the mobile market.

Australian trading platforms are yet to make an impact and be competitive in the global trading platform space. In recent times, European software development houses have been able to provide those who are willing to invest, pre-built basic open source solutions they can then further develop to create unique trading platforms for their client base.

This form of development is advantageous because it allows the financial market more ability to innovate which benefits the trader. Presently there isn't a platform provider that exists that can offer a trader the ability to trade every single financial market on earth from the one platform.

This large gap in the market and with the advances being made in the technological world make this space a largely competitive environment. The first provider to be able to offer a trader a true one-stop-shop to trade whatever financial market with whatever financial instrument they want will surely receive wide acclaim and notoriety from both traders and brokers alike.

While Australian trading platforms are by no means nonexistent, banks and institutions remain the main players in this market. There are a number of platforms which have been developed by Australian owned broking firms that have launched in the Australian market that over time should provide some serious competition to the banks and institutions because of their ability to adapt rapidly to a trading market that is increasingly becoming savvier.

The problem the banks and institutional software has is their software is based on old technology and there is a limit to their flexibility.

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