How it started
In 1999, Dennis Globa and his friends became interested in forex trading. At that time, algorithmic trading was something new, and only a few trading platforms existed, each with limited capabilities. Globa’s primary concern was to combine third-party historical data with real-time data. Unfortunately, the competing technical analysis platforms tried to be original — attempting to gain market share by compelling consumers to accept one platform as the preferred standard. Regrettably, this prevented users from accomplishing many seemingly simple tasks. Instead, users had to search for workarounds. From this chaos, the idea was born to create utilities to improve the capabilities of existing trading platforms.
During this time, UniServer and OwnData were created, which made TradeStation a more open platform, but Globa and his friends, like many TradeStation users, were still asking for portfolio analysis. His first thought was to create an add-on for TradeStation. However, a closer look revealed that the principles of TradeStation’s build would not allow realistic simulation, since charts could not pass information to each other and receive feedback.
It became clear that there would always be limitations that could only be corrected with a new platform. At the same time, Globa’s team didn’t want to repeat the biggest mistake of the industry: creating another platform that required users to give up their accumulated knowledge and habits. The solution was simple. MultiCharts would improve the existing industry standard, TradeStation’s EasyLanguage, by removing the limitations that did not serve the best interests of the users.
The foremost concern behind MultiCharts’ platform is our desire to uphold the best practices of the industry while offering a freedom of choice. In 2005, we began to invest in the creation of our own platform — choosing the name MultiCharts to reflect the freedom to work the way you like. In only a few short years, MultiCharts has evolved from a simple charting package to a trading platform that has earned multiple industry awards and recognition in the press.