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Limassol, Cyprus - November 22, 2016

Spotware Systems announce that the company has revised the Stop Out algorithm used by their cTrader platforms. This new functionality is being branded as Smart Stop Out.

This new Stop Out behavior adds significantly more protection to traders in contrast to what is typically used by other popular platforms. When a trader's margin level falls below Stop Out level, positions will need to be adjusted to free up margin. The vital part is the method used to do this. cTrader now partially closes positions as opposed to closing them entirely.

When Stop Out level is reached the platform will partially close positions in increments of 1,000 units in the case of Forex pairs or the lowest step according the asset, until the margin used reduces enough for margin level to become higher than Smart Stop Out level. The logic doesn’t necessarily target losing positions either. The algorithm begins by partially closing the largest position since this uses the most margin. For spot metals, commodities, indices, equities and other CFDs the lowest possible increment for the instrument will be used as a basis for closing the position.

“Our new Smart Stop Out algorithm is one of this year’s most exciting under-the-hood changes for every trader. The major differentiator from our previous Fair Stop Out algorithm is that positions are partially closed, this prevents traders from losing their entry points, which is very important in case market prices change direction, allowing the trader to later close the position with a smaller loss or even in profit. - James Glyde, Head of Business Development, Spotware Systems.

It was in December of 2014 when the company announced their Fair Stop Out algorithm which was also designed to work in the favor of traders, and to help protect their account. As part of the company's determination to inspire equality within the industry.

For more specifics on the behavior of the feature, visit http://help.spotware.com/trading/smart-stop-out.

Notes to media:

About Spotware:
Spotware Systems is a neutral financial technology provider offering comprehensive eFX STP solutions for brokers, banks and their clients. Spotware are best known for their flagship NDD and STP trading suite, cTrader, and its companion algorithmic trading platform, cAlgo. The company recently released its own mirror trading platform, cMirror. Spotware provides an easily integrated PaaS (Platform as a Service) solution to brokers, banks, and other financial services firms looking to implement and offer manual, algorithmic and mirror NDD eFX & CFD trading with a complete backend management system.

Contact Spotware: marketing@spotware.com