SCOTTSDALE, Ariz., June 14 /PRNewswire/ -- Modulus Financial Engineering, Inc. (ModulusFE), a leading provider of financial software and hardware technology for professional traders and financial institutions, today announced the Q3 2010 release of the award-winning M4 Trading Platform for stocks, futures and forex traders.
The anticipated new M4 trading platform features include an Automated High Frequency Trading (HFT) System, Artificial Intelligence Expert Advisors, a patent-pending "Scam Trade Radar" for HFT Systems, Technical Analysis Consensus Reports and a new "Trade off the Chart" mechanism integrated into the Modulus StockChartX charting component.
"The Modulus M4 Trading Platform is similar to other popular trading applications that professional traders have been using for years. Our software offers all of the same features and more, however the key difference is that we offer complete source code for the software so that professional traders and financial institutions can make the necessary changes required to meet their needs," says Richard Gardner, CEO of Modulus Financial Engineering, Inc.
Mr. Gardner adds, "Trading systems that have been developed to target closed-source platforms is extremely risky for professional traders and investment firms. A trading system could be crippled should one of the software suppliers go out of business or should their servers be shut down. Our commercially supported open source code enables trading firms to avoid this risk."
The M4 High Frequency Trading System allows traders to create completely automated, dynamic trading systems that execute in only a matter of milliseconds.
Mr. Gardner adds, "High Frequency Trading Systems are like vacuum cleaners. They suck nickels and dimes off the market floor all day long."
By some estimates, trading software algorithms now trigger 70 percent of all trades in U.S. equities.
The company also provides extensive technical support, product updates and outsourced customization services to professional traders and financial institutions worldwide.
SOURCE Modulus Financial Engineering, Inc.