The blockchain subsidiary tZero has recently made an announcement of a prototype launch for its planned trading software’s security token. According to the company’s statement, the software is projected to be ready for trade on security tokens by May.
Its new platform is noticeably designed to not only become eye catching but also improve maneuverability. In fact, the company released a demo video that enables new users of the platform to review an offer feedback based on their experiences.
According to the company, tZero’s Security Token Front-End has been designed to “trade security tokens in an easy, compliant, and user-friendly manner”.
The platform’s front end is integrated with an order management system, matching engine and a myriad of other proprietary management systems that help support the trading of security tokens by users.
With tZero’s front end, you have all the information regarding how to place orders and what happens when these have been executed. In fact, it also has useful information on risk management that helps users avoid buying things with money they do not have.
Right from when you log into the system, you can clearly see the user’s positions and balances. You can also access the cash balances, specifically in form of the security tokens they own. You can also clearly see the cost per token, value, order history, open orders and the market data.
Buying tZero Tokens
In a case where a user looks to buy a tZero token, all they have to do is to click on the symbol and it will automatically populate the order ticket. Otherwise, the users can simply type in the symbol they are looking to trade. As such, on the order ticket, you will clearly see indicated the bid and last sale.
Placing a Buy Order
In a situation where the user would like to place a buy order, they will be prompted to enter the quantity, the token price, then ‘place buy’. The order will then be received and this will be clearly reflected in the market data section. Right on the tZero platform, you can easily click on the order details and this is where you will see where the order was placed, accepted and filled. It will also indicate the fill price.
In addition to this form of viewing order detail on the platform, users also have the option to use the blockchain’s external explorer. With such simplicity and efficiency, you have a seamless platform to work with.
What do you think about tZero’s front end integration? Let us know your thoughts in the comments section below.