If you are a
margin foreign exchange (FX) or Contracts for Difference (CFDs)
provider operating in Australia, you will be intimately
familiar with the Meta Trader 4 (MT4) trading platform.
If you do, do you know whether your MT4 platform has the plug-in
software known as the Virtual Dealer? You may not – and if
you do, you may not know the full extent of its capabilities.
Margin FX and CFD providers which operate the MT4 platform must
incorporate strict controls to limit, monitor and record access to
the MT4 software and, in particular, the Virtual Dealer.
Virtual Dealer is software which, amongst other things, can
introduce a delay in the execution of trades. That delay can be set
from 1 to 10 seconds. Potentially, an introduced delay could
disadvantage clients where the market moved against clients during
the period of delay - especially in periods of volatility.
