‘Market Product’ Archive

Market Scanner launched

Thursday, January 15th, 2015

Six years ago we introduced the first composite forex market data, merging feeds from several brokers into a single price. We’ve never stopped believing in the value of composite data — it’s a truer representation of the market than any single feed — and over the years we’ve worked to include more brokers, reduce data lag to nearly zero, and make the interface easier and more powerful. These efforts have culminated in the development of the new Market Scanner:

The Scanner is new from the ground up. It’s powered by our new, blazing-fast data aggregation engine, MDA, which collects and calculates prices from scores of leading forex brokers with virtually no lag.

The interface features real-time charts, spread analysis, and even individual brokers rates — and everything updates automatically when ‘Live’ is checked:

The best thing about the Scanner is its flexibility. You can change the currencies displayed, the metrics tracked, the colors used, and even the name of the block:

The Scanner is part of the Market product, and as of today it was added as a default block on the Homepage. Remember, you can adjust the position of the block with the new page arrangement feature.

We hope the Scanner makes a positive impact on your trading! If you have any questions or suggestions, make sure to comment or contact us — we’re always interested in feedback from you guys!

Posted by David, Forex Factory General Manager

Impact icons added to Market chart

Tuesday, January 24th, 2012

Our newest feature interconnects three Forex Factory products — the Calendar, News, and Market — to bring you unprecedented insight into how fundamentals are affecting the market.

As shown above, news stories and calendar events are represented by the familiar factory-shaped impact icons at the bottom of the Market chart. Clicking the icons will bring you to the corresponding news story or calendar event for more detail. Impact icons can be turned on or off from the options below the chart, and only News impacts are turned on by default.

Give it a try and let us know what you think!

Posted by Michael, Forex Factory Product Developer

New features added

Thursday, October 20th, 2011

Since our last blog update we’ve been adding a lot of new features to the site. Here’s a few you might find useful:

Liquidity graph was added to the Market Sessions. About a year ago we launched the liquidity gauge, which is based on activity from multiple retail forex brokers (calculation here), and the graph now enables you to visualize liquidity changes over the various sessions.

15-minute interval was added to the Market chart.

‘Related Stories’ was added to the News. The feature pulls together stories based on a number of factors such as keywords, category, and user activity. We’re still refining the underlying algorithm to make it even better!

Market Sessions and Composite Quotes are now placed at the bottom of the homepage, further centralizing the information found throughout Forex Factory.

Flexbox technology was added to the homepage, allowing you to customize the Forum and News content to fit your trading style. Just click the block titles to change the settings. You can even filter posts based on vouchers or your buddy list.

If you encounter a bug or have feedback, please comment or contact us!

Posted by Scot, Forex Factory Senior Developer

Sessions redesign

Monday, August 9th, 2010

Almost four years ago we developed the Sessions product located in the top-left of the homepage. With the introduction of Market we decided to revamp Sessions with a new layout and a first-of-its-kind liquidity gauge. A red icon () indicates high liquidity, orange () indicates moderate liquidity, and yellow () means liquidity is low. Please read the user guide to learn more about Sessions.

The new layout increases pre-click information and shows the local time of each city, and the liquidity gauge is a unique indicator powered by our Market Data System (MDS). MDS was built from the ground up to supply data to the Market page, but it also collects valuable information about spreads and tick volume across seventeen brokers (and counting). Since spread size and tick volume can individually estimate liquidity, we built the liquidity gauge to combine both metrics. The calculations are listed in the user guide.

Fyi, the old version of Sessions will still run on the homepage until the new version is tested enough to replace it.

If you have any feedback or bug reports we’d love to here from you — contact us or leave a comment. :)

Posted by Scot, Forex Factory Senior Developer

Broker Quotes redesign

Thursday, June 10th, 2010

We recently launched a new interface for Broker Quotes, FF’s groundbreaking aggregator of quotes from forex brokers.

Broker Quotes was initially designed to fit in FF’s left column – now it’s in a half-page format on the Market page, under the Composite Quotes table. With more room we’re able to show more pre-click information, the most useful of which is the spread (in pips) from each broker. The new Broker Quotes also includes FF’s recently-developed ‘Live’ setting, which streams data without interaction. Just check the box in the top right corner and quotes will update automatically.

Like the original design, you can control the ‘Composite’ quote by choosing four brokers from a list of industry leaders, each whom supply FF with a direct connection to their standard retail rates. The Composite is very flexible, allowing for any number of broker combinations, including designating all slots to the same broker.

Broker Quotes is still in beta as we’re working on some issues at market open and market close, but overall it should be pretty solid. If you find a bug it would be most appreciated if you let us know!

Posted by Scot, Forex Factory Senior Developer

Market data goes live

Tuesday, February 23rd, 2010

You might have noticed we’ve been rolling out the live socket for the new Market tab.

The live socket allows us to push real-time data from our servers to Market’s chart and quotes table. If you appreciate the fact that Market’s quotes are a composite derived from multiple brokers, you’ll love seeing it happen live. :)

At this time the ‘Live’ box must be checked every time you visit — the setting is not remembered like the other features on the page. This is by design, to reduce page load times and server load. We plan to make the Live button “sticky” when we can do so reliably. Also, the Chart and Composite Quotes have independent Live settings. This gives you control over how much processing your computer must do. For example, you may only need to see a live chart, and don’t want to waste resources on live quotes.

We’re hard at work ensuring the reliability and accuracy of Market, and stay tuned for some cool data-aggregating features currently being developed. If you run into a bug or have ideas for improvement please comment or contact us!

Posted by Michael, Forex Factory Product Developer

New product: Market

Sunday, November 29th, 2009

Today we’re proud to introduce Market — a flexible, customizable, quick view of the forex market.

See Market in action or read the user guide to learn how it works.

Our goal was to develop an interface that allows forex traders to quickly and easily see what the market is doing. The quotes block displays ten currency pairs, the pip and percentage change for each, as well as the period high/low – all of which is customizable and remembered on your next visit. Beside every currency pair is a chart icon which sends the currency to the interactive chart. There you can get a proper visual by adjusting the interval, chart type, and cursor. And if you fret doing time zone conversions you’ll be happy to see that the chart adheres to your time settings.

While the interface was designed specifically for the modern forex trader, what makes Market really unique is that it’s powered by Forex Factory’s Market Data System (MDS) – a custom-built infrastructure which aggregates quotes from multiple forex brokers. All data you see on Market is collected and averaged by MDS, providing you the truest view of the forex market.

Market is one of our most complex products to date; most of our team has been working on it ever since we launched Broker Quotes (another MDS-powered product) in July. We have a lot of great ideas for improvement, but our first objective is to ensure the data is stable and highly reliable. Once that’s achieved, we’ll be focusing on the live socket version which will automatically push data to the page, so you won’t have to manually refresh anymore. :)

Market is still in beta form so you’ll likely see some errors and downtime. We need your help ironing out the bugs, so if you run into one, or just have general feedback, please drop us a line!

We hope you enjoy the new tab!

Posted by Michael, Forex Factory Product Developer

Broker Quotes beta launched

Tuesday, July 28th, 2009

After a substantial development period we’re proud to unveil Broker Quotes, the world’s first multi-source forex quotes!

Broker Quotes is small in size but big on functionality. It supports 27 currency pairs quoted in real-time by any combination of eleven brokers. The interface can be customized, and your settings are remembered.

Broker Quotes has an intricate back-end that is still being load tested, so there may be a few crashes and bugs during the beta period (disclaimer! ;) ). If you encounter a bug or have an idea for improvement make sure to comment or contact us!

Posted by Scot, Forex Factory Senior Developer