Financial trading software specialist, Ariel Communications today announced the launch of the Ariel Shared Wallet to provide end-users with a convenient, easy to use, central account to deposit funds to apportion to one or more trading platform as and when required. For brokers it provides seamless integration into payment providers allowing them to continue to utilise their existing relationships and systems.
The Ariel Shared Wallet is a standalone product with a single, web based, graphical user interface (GUI) to provide end-users with the ability to quickly view and manage all deposits, withdrawals and fund transfers across all accounts held with a broker. It is mobile compatible having been designed to work across the full range of GUIs including smartphones and tablets and could even be deployed as a separate app if appropriate.
Simon Cox, CEO of Ariel comments, “This product aims to enhance the trading experience for end users allowing them to easily move funds between accounts and provide a simple visual status overview. It should also improve broker customer insight by allowing brokers to see when first funders actually put money into accounts and trading commences. Brokers can see when funds are added or withdrawn from any account and can use this knowledge to have a better dialogue with customers based on actual activity levels and usage patterns and therefore improve the relevance of their customer communication and in turn increase loyalty.
“The Ariel Shared Wallet makes it simple for a new customer to open an account and upload funds. For the broker this on-boarding should encourage new customers to fund rather than just open an account, thus avoiding the issue of new customers opening an account but never actually trading.”
The product is platform agnostic and can be easily integrated with multiple trading platforms and providers including Ariel iTrade and MT4. It does not require the Ariel iTrade platform to run. It will run on a secure, independent database with its own website. The Ariel Shared Wallet interface is delivered as an HTML component that can be simply ‘plugged in’ and launched from any client front end application or broker website.
The Ariel Shared Wallet product will be integrated to MT4 using the Gold-I Link. For each platform / account the Ariel Shared Wallet requires access to accurate information on-demand (account balances, margin, available funds etc.), and the ability to execute deposit / withdrawal requests.
- At-a-glance view of deposits and utilisation of funds across multiple accounts
- Intuitive controls for managing all funds and account transfers
- Stand alone, separate database and website that can run without any other Ariel iTrade components
- Common interface to implement new platforms
- Support for credit/debit account
- Support for querying cash balance and available balance
- Support for transferring funds between multiple trading accounts
- Secure database with full audit log