ScalX Technology

1. ScalX Server is support multi-asset platform

Sigma Primary built ScalX Technology with more than retail forex in mind. As a result, it is better prepared (and suitable) for other asset classes such as stocks, equities and exchange-traded commodities. ScalX Technology can only deal with over-the-counter (OTC) products (e.g. forex) and other asset classes come in the form of contract for differences (CFDs). Brokers create CFD trading instrument for which they are the counterparty acting as the market maker.

ScalX Server can trade these assets over an exchange with no broker as an intermediary. It can hence help remove the conflict of interest from the broker and could lead to, in many cases, a fairer execution.

2. Charts & Execution types

In Normal platform, clients can review previous price patterns from 9 different charts and use them in their algorithmic trading. However, the limitation on storage of price bars in MetaTrader 4 became a hurdle for algorithms for frequent traders. When aggregating the one-minute (M1) data quickly into an average M5 or M15 chart, trading algorithms cannot make precise technical analytics of patterns.

In ScalX Server however, the number of charts has grown from 9 to an impressive 21. Also, the amount of bars that can be stored on the  server has increased significantly. With these, the clients can now download high-quality and ready-to-use trading data on their first log-in.

Furthermore, ScalX Server has introduced two additional pending order types: buy stop limit and sell stop limit. Traders can now place an order as a classic stop limit order and when the price reaches the stop-level indicated, a buy or sell limit order is triggered.

3. Native support for market depth

One of the key features missing in Normal Server is the market depth function. By having access to market depth data in ScalX Server, clients can get a better idea on the market activity, hence better predict what their execution price will be based on the trade size for that symbol. Clients can also better evaluate the transparency on pricing from the broker. Of course, this requires that the broker has price stream with enabled market depth.