Open source finds its way into CFD trading

The CFD price behaves exactly as the underlying stock price

As open source platforms become more popular, they find their way into less usual areas than before.

Czech-German company xITee has announced a recent delivery of a new version of the CFD--Trading-Platform to the German company Panthera Capital AG, which is the technical solution provider for CeFDex AG.

Version 2.1 is fully based on open-source software. It uses an EnterpriseDB/PostgreSQL database, and JBoss server as an application server.

The first weeks of trading has proved open source migration to be successful.

"This migration improves the overall speed and capacity of the entire trading system significantly and also brings a high potential of cost savings compared to the former version which was based on proprietary software. Using such a platform will save the customer up to half a million dollars per year and allows a cost-efficient expansion of B2B relationships," said Tomas Kucera, the xITee's CEO.

xITee has been solely responsible for all development of the CFD Trading system, i.e. functional specifications, development, functional and stress testing, and providing support for the production version. Likewise, xITee was also responsible for the development of the first version of the CFD-Trading-System based on BEA Weblogic and Oracle database.

The CFD-Trading-Platform of CeFDex is designed as a B2B solution enabling multiple brokers to provide OTC trading of Contracts-for-Difference to their customers.

A Contract for Difference (CFD) is a derivative product that enables trading on the price movement of securities. It is a contract defined as an agreement to exchange the difference between the opening and the closing price of an underlying asset. Stocks, indices, FX rates and also commodities or treasury notes can be used as underlying assets. The CFD price behaves exactly as the underlying stock price.

xITee is a Czech-German company specializing in the development of financial applications from specifications to delivery and support. Among its references are projects for such customers as Deutsche Börse Systems or Clearstream Banking Luxembourg.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags open sourcetradingpostgresqljbossstock markets

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jan Kovar

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?