Spotware Launches Cloud-based Algo Trading in cTrader 5.0 Update

Trading technology provider Spotware has unveiled a significant upgrade to its cTrader platform, introducing cloud-based algorithmic trading capabilities and enhanced customisation options across its suite of applications.

The centrepiece of the release is cTrader Cloud, a new service that enables traders to synchronise and execute trading algorithms across multiple devices. The service allows algorithms to run continuously without requiring local computing resources, marking a shift from traditional desktop-based automated trading.

Notably, the platform maintains security measures for algorithm developers, with source code remaining local rather than being uploaded to the cloud infrastructure.

The Windows version introduces encrypted algorithm export functionality, where files can be restricted to specific users. This feature accompanies broader mobile integration, allowing traders to launch algorithms directly from smartphones without desktop software.

In a significant expansion of its development framework, Spotware has introduced a plugin system, enabling third-party developers to create custom interface elements and integrate external services. The company has included sample plugins with the Windows release to demonstrate potential applications.

The platform's introducing broker (IB) capabilities have also been expanded. A new Invite toolkit has been added to broker-branded applications, facilitating client acquisition and allowing IBs to share algorithms via trackable links. Complementing this, cTrader Web now includes a "Multiple Strategies" widget for embedding trading strategies on websites.

Mobile users have gained additional charting flexibility, with new options for indicator placement either within charts or in separate panels. The web version now allows stream viewers to observe position and order information from Chart Stream providers.

Denis Kiselev, Head of Product at Spotware, said: "With the game-changing cTrader 5.0 update, we are proud to drive an algo-trading revolution. Aligned with our 'Mobile First' strategy, cTrader Cloud is the industry's only solution enabling traders to manage and launch their bots directly from a mobile app. Cloud execution radically expands the mobility of algo trading, delivering device-independent, always-on, and groundbreaking experiences to all cTrader users."

The release comes as Spotware reports a network of over 250 brokers and proprietary trading firms using its technology, including IC Markets, Pepperstone, and FTMO. The company claims its user base now exceeds 4 million traders.