Trade Forex - Forex Market

Proprietary systems usually have many "bells and whistles" and are customized for a major liberalization banking institution with millions of dollars to budget for back office systems. They can often offer information tailored to the customers. The statements might provide a combination of different types of accounts offered by the institution such as futures, spot currencies, forwards, equities, and fixed income. These statements might eliminate some confusion by showing only the information needed by the institution's specific customers.
The flip side of the coin is that custom-made proprietary systems may have glitches that need to be worked out. Formulas or calculations might not have been reviewed by outside regulators for accuracy, and the system might not have enough fail-safe backups. In other words, any system that is created for only one institution does not have to go through the rigors of competition that a standardized system does.