Successful internet trading system
Case study by Intel (ALOR-Trade)
About ALOR-Trade system
ALOR-Trade is the first internet trading system in the Russian stock market connected to trading in the MICEX Stock Market Section in November 1999.
The evolution of the national stock market in the late 1990s logically led to the use of web technologies in the brokerage business. However, full-featured internet trading can only be reported to have appeared in Russia when the Moscow Interbank Currency Exchange developed a hardware/software gate which allowed legal and secure connection of brokerage systems to the exchange. Work on the adaptation of such systems as part of a pilot programme had been under way since May 1999, and the first system to be officially approved by the exchange and connected to actual trading on MICEX in November 1999 was ALOR-Trade, a system developed by CJSC ALOR INVEST. By April 2000 there already were six systems connected to trading on MICEX. Today over 250 Russian brokerage companies accounting for 90% of all transactions on the exchange use internet trading in their work.
Leadership in the use of new technologies enabled ALOR INVEST to move within a year from 40th place to the position of one of the three leading companies in terms of exchange trading volume. The average monthly amount of transactions currently conducted by the company via the internet exceeds 30 billion roubles, and the total amount of transactions conducted over the entire period of the use of the ALOR-Trade system by ALOR Group clients has surpassed 1 trillion roubles.
All these years clients of the company have been not only users, but also co-authors of ALOR-Trade, day by day sharing their comments, considerations and ideas as to the improvement of our internet trading system. It is this assistance that to a great extent has made it possible to make ALOR-Trade a system deservedly referred to as one of the most convenient in the market, both in terms of its interface and user friendliness and in terms of its functionality.
Key functions
- Monitoring of the course of trading, overview of transactions being conducted.
- Monitoring of current quotations for selected instruments.
- Monitoring of your limits on cash and securities changing after each transaction.
- On-the-fly generation of an application to buy/sell securities.
- Checking of applications for compliance with your limits, as well as permitted deviations of the price of securities from its current value.
- Submission of applications to the trading system.
Terminals
- ALOR-Trade client terminal
It is a key instrument to conduct trading transactions in the stock market. Designed for investors willing to independently conduct transactions on the exchange and control the status of their account. Suitable for both novice and experienced investors.
- ALOR-Trade client terminal with COM-objects
This is an extended version of the terminal developed specially for programmers. The terminal enables not only independent trading transactions in the stock market, but also provides an opportunity to use API functions to develop your own trading robot to trade for you even without your direct involvement.
Demo version of ALOR-Trade
It is neccesary to download ALOR-Trade terminal and install it to get free demo access to trading. There is a range of connection variants, you can choose an appropriate one.
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Trading simulator
You get access to the exchange floor imitating real securities trading. RAO UES, Mosenergo and Lukoil securities have been taken as prototypes for securities traded in this virtual stock market. Trading is held on a twenty-four hour basis with the break from 6:45 a.m. (trading session opening) till 8:30 a.m. (trading session closing).
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Training regime
You get access to Moscow Interbank Currency Exchange training server. More than 170 financial instruments are available for trading. Trading is held from 10:30 a.m. till 6:45 p.m. on weekdays.
Contacts
Don't hesitate to contact us by e-mail support@alor.ru if you have any questions as well as you want to get access to ALOR-Trade internet trading system on a constant basis.
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