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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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