Online Trading System

Online Trading System Overview

Online trading systems also known as electronic trading platforms are used by investors to trade securities, options, futures, EFTs, cryptocurrencies, Forex, commodities, or financial derivatives electronically. These trading platforms bring together buyers and sellers creating virtual marketplaces. The Internet connects brokers to financial exchanges. Brokerages in turn offer their investors the opportunity to trade online in real-time through their own platforms, apps, and software tools.


Exchange platforms have standard technology protocols that brokerage applications use to connect. NASDAQ has the Nasdaq Financial Framework (NFF), and the NYSE uses Pillar for its integrated trading technology. These systems support marketplace execution of all sizes, managing a full range of trading functions, price information, order entry, and order matching. The exchange frameworks seek to provide efficient processing, enhanced determinism, and lower latency for trades. These systems have for the most part replaced human floor trading in global securities.


Large online brokerages use two types of platforms. They provide one platform for commercial investors (day traders and retail investors). The other is referred to as a prop platform, which brokerages develop to use for their custom requirements and trading styles.


Some commercial brokerage platforms specialize in one financial instrument such as stocks, Forex, or Cryptocurrencies. Others offer a wide range of investment choices. The advent of online brokerages and trading has given individual traders and investors easy and convenient ways to trade.


The term trading systems also refers to a set of rules based upon technical indicators or fundamental analysis that manages investments and risk. Online trading platforms usually support this functionality.

Online Trading Products

(1-25 of 62) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.
Coinbase

Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and…

Binance

Binance

Customer Verified

Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.

E*TRADE

E*TRADE is a financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company focused on delivering complete and easy-to-use solutions for traders, investors and…

Active Trader Pro (Fidelity Investments)

Active Trader Pro is Fidelity's customizable trading platform for the desktop and optimized for online trading technology.

Questrade

Based in Toronto, Questrade offers solutions for investors with self-directed investing and Questwealth Portfolios, presented as intelligent, lower fee portfolios designed by experts to help the user achieve financial goals.

MetaTrader 5

Henyep Capital Markets (HYCM) & MetaTrade are FCA and CySEC-regulated market leader in providing online FX and CFD trading to retail and institutional investors. HYCM is part of the Henyep Group, an international conglomerate with business in financial services, property, education…

thinkorswim

Thinkorswim, with its Investools division, is an American company offering live and online investor education services. In addition, through its brokerage subsidiary, thinkorswim, Inc., Investools provides services to funded trading accounts for self-directed option traders and…

CME ClearPort

CME ClearPort, from CME Group headquartered in Chicago, is a comprehensive set of clearing services for the global OTC market.

DTCC Connect

The Depository Trust & Clearing Corporation (DTCC) offers the Connect trade flow management platform.

DTCC TradeSuite ID

The Depository Trust & Clearing Corporation (DTCC) headquartered in New York offers the TradeSuite ID, a post-trade settlement and process management platform.

DTCC OASYS

The Depository Trust & Clearing Corporation (DTCC) headquartered in New York offers OASYS, a technology solution which replaces manual processes, phone calls and e-mail by automating trade processing, improving efficiency, cutting costs and reducing the risk of trade failure.

DTCC Exception Manager

The Depository Trust & Clearing Corporation (DTCC) headquartered in New York offers the DTCC Exception Manager, a technology platform which allows market participants to publish, manage and communicate on exceptions throughout the trade lifecycle process.

CME Globex

CME Globex is an electronic trading system from CME Group headquartered in Chicago, an open access marketplace.

CME Direct

CME Group headquartered in Chicago offers CME Direct, a configurable online trading front-end providing market data and access to CME futures, options, and block markets.

Openlink Findur

Openlink Financial, an ION company, offers Findur, a financial risk management and analytics platform.

Openlink Agtech

Openlink Financial, an ION company, offers Agtech (formerly dbcSMARTsoft), a financial risk management and acommodities management and trading platform.

Allegro ETRM (Energy Trading and Risk Management) Software

Allegro ETRM (Energy Trading and Risk Management) Software provides a commodity trading solution.

Openlink Endur

Openlink Endur is an energy trading and risk management (ETRM) platform.

Elysian Systems LIQUID Trading Platform

CME Group, headquartered in Chicago, offers Elysian Systems' LIQUID Trading Platform, an online trading, matching, and auction platform.

Openlink Rightangle

Openlink Financial, an ION company, offers Rightangle, a financial risk management and commodities trading platform.

ICE Block

Intercontinental Exchange (ICE) headquartered in Atlanta offers ICE Block, an application for off-exchange trade submissions.

ICE Markets

Intercontinental Exchange (ICE) offers their Futures, Options & OTC Markets, summarily known as ICE Markets.

SwapClear

LCH offers SwapClear, an OTC Rates clearing service.

ICE Connect

Intercontinental Exchange (ICE) supports online trading with the ICE Connect trading analytics suite.

Learn More About Online Trading System

What are Online Trading Systems?

Online trading systems also known as electronic trading platforms are used by investors to trade securities, options, futures, EFTs, cryptocurrencies, Forex, commodities, or financial derivatives electronically. These trading platforms bring together buyers and sellers creating virtual marketplaces. The Internet connects brokers to financial exchanges. Brokerages in turn offer their investors the opportunity to trade online in real-time through their own platforms, apps, and software tools.


Exchange platforms have standard technology protocols that brokerage applications use to connect. NASDAQ has the Nasdaq Financial Framework (NFF), and the NYSE uses Pillar for its integrated trading technology. These systems support marketplace execution of all sizes, managing a full range of trading functions, price information, order entry, and order matching. The exchange frameworks seek to provide efficient processing, enhanced determinism, and lower latency for trades. These systems have for the most part replaced human floor trading in global securities.


Large online brokerages use two types of platforms. They provide one platform for commercial investors (day traders and retail investors). The other is referred to as a prop platform, which brokerages develop to use for their custom requirements and trading styles.


Some commercial brokerage platforms specialize in one financial instrument such as stocks, Forex, or Cryptocurrencies. Others offer a wide range of investment choices. The advent of online brokerages and trading has given individual traders and investors easy and convenient ways to trade.


The term trading systems also refers to a set of rules based upon technical indicators or fundamental analysis that manages investments and risk. Online trading platforms usually support this functionality.

Online Trading Systems Features

Online trading systems will have many of these features.


  • Real-time Online Trading / Order Entry

  • Live Price Quotes

  • Investment Monitoring and Tracking

  • Historical and Real-time Data

  • Analytics and Performance Analysis

  • Market and Investment Research and Ratings

  • Risk Management Tools

  • Graphics and Charting Tools

  • Trade Simulators

  • Professional Broker Guidance

  • Robo Advisors

  • Investor Education – articles, blogs, webinars

  • Automatic Trading – rule-based

  • Coding Scripts – for creating automated buying and selling strategies

  • Social Trading – providing information on the trading behavior of peers and expert traders, supporting collaboration, chat platforms

  • Notifications and Alerts

  • Demo accounts – to gain experience prior to investing

  • Funding - accepts funds from bank accounts, credit cards, wire transfers

  • Convenient Access – 7x24 using web browsers or mobile apps

Online Trading Systems Comparison

When choosing an online trading system consider the following:

  • Investment Type: Platforms may support only one type of investment such as foreign exchange, futures, or commodities. Others support a variety of investment options.

  • Type of Investor: Some platforms are geared toward professional investors; others work well for novices. New investors might consider a platform where they can have access to a professional financial advisor. Are you a day-trader or long-term investor? Certain systems are better suited for one or the other. If you plan to trade often, seek out a system with low or no commission fees.

  • Safety and Security: Seek out a brokerage trading system that is a member of SIPC (Security Investor Protection Corporation) and FINRA (Financial Industry Regulatory Authority).

Pricing Information

Many trading systems now offer no-commission trades for securities, often with no minimum balance requirement. Others require maintaining a funded account or transacting a minimum number of trades per month. Features and services such as options and futures trading and professional advising require additional fees or minimum investment balances. Margin trading always requires a minimum account balance and depending upon the size of the margin debt, the brokerage will charge a corresponding interest rate.

Frequently Asked Questions

What do Online Trading Systems do?

Online trading systems allow investors to trade securities, foreign exchange, options, futures, and other financial instruments in real-time over the Internet using online brokerage websites or apps. These platforms create a virtual marketplace bringing together buyers and sellers.

What are the benefits of using Online Trading Systems?

The main benefits of online trading systems include:

  • Convenience
  • Variety of trading and investment options
  • Complete control over trading avoids brokerage bias
  • Cost Savings

How much do Online Trading Systems cost?

Many trading systems now offer no-commission trades for securities, often with no minimum balance requirement. Features and services such as options and futures trading and professional advising require additional fees or minimum investment balances.