Tools for Brokers, a software developer for FX brokers, has revamped its Liquidity Bridge solution, with the release of the latest iteration of its Trade Processor system.
The ‘Trade Processor’ already combines a liquidity bridge and a market-making order pool for offering the features necessary to manage an entire brokerage business. It also allows integration with both MT4 and MT5 platforms.
Tools for Brokers says the new upgrade has “a more intuitive interface designed for easy access.” Specifically, it has integrated the so-called ‘symbol mapping’ function which allows to bind every symbol on Trade Processor to its equivalent on the liquidity provider’s side. Further, multiple symbols at the TP or the trading platform can be assigned to each TP symbol.
Brokers can use Trade Processor to improve liquidity management while trading forex and cryptocurrencies. It provides connectivity with multiple liquidity providers and options for several sessions with one provider, as well as three levels of access for users and managers of the system.
More new features
What’s more, the upgraded version enables volume consolidation to help users reduce swap charges and minimize required equity/free margin on LP accounts.
Other features include improved Execution and Feeding tools to enable brokers manage the entire procedure of trading execution depending on their unique needs. The original Trade Processor also allows automatic switching to available liquidity if a provider’s connection is broken as well as the ability to change gateway settings through the web interface.
The platform facilitates executing huge volume orders, distributing them between different liquidity providers to obtain better dealing rates and spreads. In doing so, brokers can offer their customers the best price obtainable from multiple liquidity providers.
The new system includes a set of rules that allow brokers to transfer orders and symbols between А-book and B-book as needed for particular traders. Further, they reduce or stop their volumes sent to certain liquidity providers and mutually close their opposite positions.
“With Trade processor by TFB brokers can bridge trading to multiple industry providers, collect and analyse data from multiple servers via a simple web UI, and better manage risks,” Tools for Brokers further explains.