Real Time Exchange Rates
Bid and ask quotations are continually displayed via the Internet Currency Trading System on a 24-hour basis for each currency pair. The quotations are updated thousands of times per day to reflect in real time the price at which a client can buy or sell any given currency pair.
Executable Quotations
The prices displayed on the Internet Currency Trading System are not indications of where the market is trading, but actual prices at which eWeb-Forex is offering to buy or sell. With two clicks of the mouse, clients of eWeb-Forex can execute a trade at a displayed quotation. There are several systems on the market that make a distinction between indicative quotations and executable prices. Although such systems show prices, the client must request a quotation to find out at what exchange rate a trade can actually be executed. The system developed by eWeb-Forex is superior, because it takes the mystery out of what price the client can enter or exit a trade.
Real-Time P/L, Account Balance, Position Summary
The key information for every account is re-calculated and updated every time the exchange rates change. Upon logging into the account, clients have immediate access to key information. The Account Balance and floating P/L in dollars are` displayed in the Account Information window. In addition, detailed information about every open position, open order, and a summary of account holdings can be seen on the main page of the Internet Currency Trading System.
Margin Watcher
The margin level for each account is programmed into the system. Based on each client's margin requirement, the system calculates both the funds needed for current positions and the funds available for taking new positions. This information is displayed to clients in real-time. In the event funds in the account fall below margin requirements, the system automatically closes all open positions. This prevents clients' accounts from falling below the actual available equity particularly in a highly volatile, fast moving market.
Online Back Office
Clients do not receive outdated statements because they receive the statement several seconds after it is generated. Each client has the capability of requesting current, daily, weekly, monthly quarterly or annual statements at any time through the trading system. The statements are generated immediately online. In order to receive a hard copy record, the client simply clicks on the print function.
Money Manager Features
The eWeb-Forex trading system enables money managers, such as CTAs and hedge funds, to manage the funds of multiple clients as a pool, while maintaining each account as a separate entityin terms of profit/loss, margin ability, and reporting features. Profits and losses from all trades are proportionally divided among accounts in the pool by account size. The money manager can focus on trading, while eWeb-Forex's trading system serves as his back office.
