What is the Mottai Platform?

The key features are split into two categories. The first is the foundational technology that the platform is built on. Mottai uses advanced multi-level caching technology to deliver a web-based solution that is smooth, responsive and offers low latency. The second category revolves around features that enable skilled traders to execute and manage orders efficiently and over multiple securities simultaneously.

Features also include the following:

• Tabbing logic—both between and within components.
• Keyboard-friendly trading through a range of default hotkeys plus customisable order ticket hotkeys.
• Floating and embedded order tickets.
• One-click order cancellation.
• Fast volume and price order amendments.
• Component linking
• Right-click option functionality.
• A smart order pad that allows multiple order highlighting.
• Live ASX News feeds and a full range of depth, price and news alerts.
• New parked order features in which you fill out a buy/sell ticket and have it sitting as a line of data in your order pad. You can then push it into the market with one click. Once the order is live, you can also pull it from the market back to a parked stage, or cancel the order.

Initially, the product offering will be Direct Market Access CFDs on the ASX and AXW. Shortly after the go-live data, we will look to introduce FX and Index price feeds. In time, based on client demand, we may look to add other international equity exchanges we offer in other platforms, such as the New York Stock Exchange (NYSE), Nasdaq and the London Stock Exchange (LSE).

Yes, all Stock CFDs offered in Mottai will be DMA CFDs. This means access to a genuine exchange price feed with full level-2 market depth; all client orders will be hedged in the underlying market instantly. This will provide price transparency for the client, as well as align the client and broker's interests as FP Markets does not profit from client losses on DMA CFD trades.

We are not discontinuing access to the Iress Platform, and Mottai will be offered as an alternative to clients who require increased performance in terms of platform speed and order latency, as well as extra features we have designed specifically with the sophisticated trader in mind.

The monthly platform cost is $200, and you must subscribe to an ASX price feed for $25/pm. For clients who generate at least $200 in trading commission in a calendar month, FP Markets will rebate $85 in platform costs. In this scenario, the client would pay the remaining $140.