Online trading platform

In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as , bonds, currencies, commodities and derivatives with a financial intermediary, such as brokers, market makers, Investment banks or . Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading.

Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial markets that could formerly only be accessed by specialist trading firms such as those allowing margin trading on forex and derivatives such as contract for difference. They may also be designed to automatically trade specific strategies based on technical analysis or to do high-frequency trading.

The term 'trading platform' is generally used to avoid confusion with ‘trading system’ which is more often associated with the trading method or strategy rather than the computer system used to execute orders within financial circles.

Transactions have traditionally been handled manually, between brokers or counterparties. However, starting in the 1970s, a greater portion of transactions have migrated to electronic trading platforms. These may include electronic communication networks, alternative trading systems, "dark pools" and others.

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Wikipedia