Brokeree Solutions releases a new Synthetic Feed plugin
Brokeree Solutions has released a new plugin for brokers who operate with MetaTrader 4 and 5 and plan to extend their symbol offering.
Synthetic Feed allows brokers to create new trading instruments using quotes of original symbols from the liquidity or market data providers. This functionality lets them conveniently display high-value symbols on the trading platform, create micro and mini symbols, and expand their trading offers with unique instruments.
The operation of the Synthetic Feed is straightforward and based on the prices of original instruments. The plugin processes data and calculates new quotes according to the specified rules: formulas or indices. While formulas allow brokers to customize quotes using math operations like addition, subtraction, and multiplication, indices transform ticks with coefficients. After all the calculations are done, the solution sends a new quote to the custom symbol and makes it available for traders.