About the new dealing platform

MG Financial Group is proud to present a revolutionary dealing platform that not only represents the cutting edge of technology, but will transform traditional notions of Forex trading. In the new system, MG Financial Group will provide constant liquidity to the market enabling traders to freely enter or exit trades. The DealStation™ platform takes advantage of the new Java technology to provide traders with real-time prices and fast execution.

1. JAVA and Push Technology
2. New Types of Orders
3. FIFO (First In First Out)

JAVA and Push Technology – Only systems that use push technology can accurately claim to be real-time applications. Traders will now have the benefit of real-time updated prices and quicker execution. Previously, traders were forced to wait for browsers to update exchange rates or trade information. Advanced Push technology immediately “pushes” new information to your computer, automatically updating your screens. The implementation of Java technology enhances overall system performance, which will result in improved speed and extremely fast execution time.

New Types Of Orders – Those familiar with previous versions of our DealStation™ system remember stop, limit, limit-entry, and stop-entry orders. The functionality of these orders remains, yet implementation is now of a more practical nature. Orders are no longer linked with particular positions, allowing traders to more readily take advantage of market swings. There are now Stop, Limit, If Done and OCO orders, which replace stop-loss, limit, stop entry and limit entry orders. This change brings MG’s clients closer in line with inter-bank market procedures.

Note: Orders are not linked to any particular open position held with the Deal Desk. All open orders are GTC (Good Till Cancelled) and the Deal Desk will execute these orders once triggered. OCO orders (One Cancels Other) are an exception in that if one side of the order is filled, the other side will be cancelled.