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Why proprietary software?

ACM's online dealing room is proprietary software. By proprietary we mean software that has been created in-house by ACM's information technology department. What does that imply for the ACM customer? In a few words, makers of online trading software applications typically rent out their software to foreign exchange dealers against a certain percentage per transaction executed on the trading platform. This in turn obliges the dealer to take into account that percentage they must pay the makers of the software in the form of a less competitive market spread available to the customer. The end result of this being that the customer ends up paying for the dealer having to rent out a trading platform as opposed to taking the considerable time and effort needed to construct an online dealing interface internally as is the case for Advanced currency markets.

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