From the February 01, 2012 issue of Futures Magazine • Subscribe!

Software Review: Obsidian Trading Platform

Silexx Financial Systems — Obsidian Trading Platform

Web site:
Requirements: Microsoft Windows XP, Vista, 7, .NET Framework 3.5, 1GB RAM
Price: 14-day free trial. $200.00 per month for basic version, $400.00 per month for “Pro” version

Overall Rating: 3.75 out of 4

Silexx’s flagship product, "Obsidian," is a comprehensive trading system to interface with the market, including risk management systems, full execution systems for a variety of securities including options, stocks and futures. In addition, Obsidian also includes the ability to create quote boards and numerous charting features such as technical indicators and varying time periods.

The company has integrated the Obsidian trading platform into several trading platforms including Penson, Bank of America/Merrill Lynch, Goldman Sachs, Dash Financial and Interactive Brokers. The Silexx website notes that they can offer custom solutions with other firms to meet the client’s needs.

Installation, documentation and support: 3.5 out of 4

After creating an account at the Silexx website, the user is given a link to download the Obsidian platform. The installation proceeds very quickly with a minimum of user options. Upon completion of installation, an Obsidian icon will appear on the user’s desktop. Launching the program is as simple as clicking on the icon and entering a user name and password.

The Silexx website offers several video tutorials that cover many of the various modules of Obsidian. The tutorials are very well presented and serve as a step-by-step guide for new users. The website indicates that a new set of video tutorials will be available soon. In addition to the videos, Silexx also offers nearly 20 “manuals” covering various aspects of the trading platform. These are not written manuals to print off, but rather on-screen walk-throughs. For example, one of the manuals covers “Order Tickets.” In this section the user is shown, via screen prints of the actual program, how to place an order with the Obsidian system. Before launching into the program, it would be time well spent to browse through each of the manuals, as Obsidian has plenty of layers and complexities.

For those who are interested in such details, a complete set of “Release Notes” also is available on the Silexx website. As each version of Obsidian is updated, the changes are documented in the appropriate Release Note.

For more specific user support, the developers of Obsidian are available via telephone and email.

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