The new trading platform, which is currently in beta testing with select broker-dealers, will offer enhanced capabilities for traders across a wide range of asset classes.
The platform works to give users more control over how the order flow and execution process work by utilizing prebuilt limit orders instead of market orders that are often used on traditional platforms.
This means less slippage and faster settlement times between investors and brokers who use this new tool.
The “trade processor” is a tool that will allow brokers to enhance their offerings with a new trading processor. The trade processor will make the trading process easier and faster for users.
Tools for Brokers (TFB), a supplier of Forex broker technology solutions, has released a new version of its Trade Processor liquidity bridge. According to the press release, the new product will have various technological advances and automation improvements. Synthetic instruments will be introduced to the platform as well.
When it comes to establishing new instruments, the business claims that the new transaction processor will provide liquidity to brokers and hedge funds. Traders will be able to trade novel currency pairings, while brokers will be able to enhance their current services. According to TFB, the new offering will help brokers stand out in the market by allowing them to provide more competitive goods. Only Trade Processor customers have access to the synthetic instrument functionality for now.
On the trade processor, extra functionalities have been included. New quotes statistics filters, Volume Transfer tools, A/B-book, and import and export of LP symbols are among them.
More liquidities, including as BlueOrange, DxFeed, MorningStar, Valutrades, DxFeed, Leverate, ActivFinancial, Bita, and XValley, will be added to the solution.
Tools For Brokers was founded in 2010 as a technology solutions provider for MT4/MT5, addressing the technical requirements of brokerage businesses. Money management and reporting solutions are available for both MT4 and MT5 platforms, as well as advanced bridging and simple plugins and apps.
Alexey Kutsenko, TFB’s Chief Executive Officer, remarked that synthetic instruments enable brokers to enhance their present offers by introducing novel trading pairings.
He claimed that adding additional capabilities to the Trade Processor would give customers with greater advantages. Kutsenko went on to say that the firm would continue to extend the platform’s capabilities in the future with new releases.
Ivan Egorov, the company’s Global Head of Sales, was recently recruited to the executive team at Tools For Brokers. It is part of the company’s overarching strategic strategy to increase Trade Processor liquidity in order to expand into other important markets.
Tools For Brokers is a forex trading platform that offers white label solutions for brokers. Tools For Brokers has recently enhanced its offerings with the addition of a new trading processor. Reference: whiteforex trading platform.
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