I am disappointed with this response from you as when I asked you a similar question last week you promised to look into it with your team and get back to me.
I would suggest that it doesn't, it is a standard term in the industry with a specific meaning. Trying to "interpret" or "redefine" a term is more reminiscent of politics or marketing rather than straight talking.
CMC Markets already provides a definition: "
One-Click dealing allows you to trade within a single click of seeing a price". This is taken directly from your One-Click Dealing Marketmaker ® User Guide at
http://www2.cmcmarkets.co.uk/legal_...ts/spreadbet/CMCM_SB_One-Click_User_Guide.pdf
If we define one click to mean only the final mouse click action before a deal is done, then every platform is one click. If we define it to mean deals are done without asking for a confirmation, then every platform which can disable the "are you sure you want to trade" box becomes one click also.
In addition to my posting, two other members here have posted screenshots of other platforms which provide what we consider true one click trading. I can tell you that the following providers do one click trading:
- CMC Markets Market Maker
spreadbet platform
- IG Index
spreadbet platform
- Oanda FX platform
- FXCM FX platform
- FXCM
spreadbet platform
- Interactive Brokers "FX Trader" platform
- CFH Markets Web Trader / Pro Trader
- Hotspot
- Currenex
- EBS
- Thomson Reuters
- Dukascopy
- London Capital Group
I find your position in misunderstanding what this feature is particularly difficult to understand given that your prior spreadbet platform included it. Of course it is your business and if for whatever reason you do not wish to provide one click dealing on your platform then that is your right. Traders who require one click dealing will simply go elsewhere. However I do not see the reason to confuse existing and potential clients by using a term which has an established meaning in a completely different way to suggest that your platform has an ability to deal within a single click of seeing a price, at the best bid or offer.
I now suspect that you have a business reason in not installing one click dealing, and for some reason you do not desire to tell us what this is. I can only speculate as to the reasons from choosing to remove a feature that was present in your prior offering. The possible reasons that come to mind are:
- reducing order entry errors by novice clients
- oversight in the software development process, and not financially viable to implement now
- discouraging very active trading / short term trading on your platform
- thwarting snipers / scalpers / toxic flow clients (as you now have no dealer referral)