Multicharts: A Pioneering Force in Portfolio Trading

Multicharts: A Pioneering Force in Portfolio Trading

In reflecting on my entrepreneurial journey in trading and technical analysis, one of my most regrettable oversights was not embracing Multicharts from the outset. Over 20 years ago, a sharp-eyed colleague of mine connected with a group of Russian expatriates. Following the fall of the Berlin Wall, they had returned to Russia to exploit the low cost of labor in developing a trading platform. This platform aimed to address the unresolved gaps of the then-popular Tradestation.
A golden opportunity lay before us: exclusive rights not only in Italy but potentially across Europe. After extensive discussions and evaluations of the new platform, we decided against taking on the mandate, primarily because we were all satisfied Tradestation clients. We believed that Tradestation’s shortcomings, including its reliance on an external platform like Ryna Systems for portfolio analysis, would soon be rectified. However, Multicharts immediately filled these gaps, emerging as a low-cost product compatible with all brokers and utilizing the same Easy Language format (renamed Power Language) for systematic portfolio analysis.

Two decades later, history has proven us wrong. I, Tommasini, now have at least five versions of Multicharts in my office and am a firm advocate. Its significant advantage lies in enabling trading through the APIs of European brokers in markets that Tradestation doesn’t cover, such as the French and Italian stock exchanges.

Using Multicharts with InteractiveBroker, I am thoroughly satisfied, especially since I have access to at least four Italian brokers that allow trading through Multicharts on their platforms.
Nevertheless, a lingering regret remains: not having the foresight to ride the wave of this platform’s long-term potential earlier in my career.