TFB adds synthetic instrument feature so brokers can find their edge

Rick Steves

The synthetic instrument feature is available to Trade Processor customers only.

Tools for Brokers has launched a new version of the Trade Processor liquidity bridge, featuring synthetic instruments, as well as improvements in automation and several technical enhancements.

By adding support of synthetic instruments, Tools for Brokers broadens the scope of its offering as it is this kind of liquidity that helps brokers and hedge funds create new instruments based on two or more existing ones.

Brokers can thus expand their existing offerings and provide traders with unique currency pairs, making them more competitive and helping them stand out.

A great addition to the Trade Processor bridge

Alexey Kutsenko, Chief Executive Officer at TFB, said: “Synthetic instruments are a great addition to the Trade Processor bridge that allows brokers to offer more to their traders within their existing environment. We believe that adding more functionality to Trade Processor and making it more powerful is ultimately beneficial for all our clients, and we will continue to expand its capabilities with future releases.”

The new version of Trade Processor also features support for simultaneous multiple symbols processing by A/B-book and Volume Transfer tools, new quote statistics filters, and the export and import of LP symbols.

In addition, the solution expanded the liquidity offering by including several new LPs such as ActivFinancial, XValley, Bita, Leverate, DxFeed, Valutrades, BlueOrange, and MorningStar.

Ivan Egorov to lead sales of liquidity bridge

Ivan Egorov was recently promoted to Global Head of Sales as part of the company’s new focus on growing the Trade Processor liquidity bridge and acquiring new market niches.

The long-serving member of the brokers technology provider has joined the firm in 2016 and has spent the last two years as the Head of Sales at the Cyprus office, where his primary focuses were on growing and training the team, acquiring new clients, and reaching the quarterly and annual sales targets.

Trade Processor (TP) is a central component of the TFB ecosystem that enables brokers to bridge their trading to multiple liquidity providers, manage risks, and collect data via a simple and useful web UI with the possibility to:

Collect and analyse statistics from multiple servers and segment them into A-book, B-book (optional), and C-Book (hedged).

Switch the orders/positions on the fly between liquidity providers and brokerage models.

Set up a backup liquidity provider to secure the trading process.

Support connections to a wide range of liquidity providers with powerful performance capability and secure data delivery.

Work within a White Label (WL) environment and be customised to a specific broker’s needs.

Platforms: MetaTrader 4, MetaTrader 5

The firm has recently released a new edition of the Trade Processor liquidity bridge which features several client-facing upgrades and backend enhancements, as well as new Liquidity Providers – cTrader and Binance – added to the ecosystem.

Brokers can now offer Spot and Futures crypto trading, expanding their trading list, making their offerings more competitive, and targeting new client groups.

Risk management is also enhanced with the introduction of Internal hedging. Internal hedging adds automation and better management of exposure by instrument. If volumes exceed brokers’ thresholds, they can hedge them on the Liquidity side.

Read this next

Retail FX

Stephen Kalayjian launches educational and community platform TradeEZ

TradeEZ has partnered with online broker TradeZero to provide chart overlays that can be accessed on the TradeZero platform. In the future, the firm will be looking to partner with some of the largest firms around the world.

Retail FX

LiteFinance launches new mobile app on Google Play

The mobile app allows users to trade and copy professional traders’ positions and gain access to trading chat rooms.

Technology

ECXX taps OneTick for data management and analytics

OneTick is asset class-agnostic and currently has customers across FX, equities, futures, CFDs, FI, and options.

Industry News

$1.5 million: SEC fines BNY Mellon Investment Advisor for misstatements and omissions about ESG

Investors are increasingly focused on ESG considerations when making investment decisions.

Digital Assets

Mercuryo reaches 3 million users amid crypto payments’ US and Asia expansion

“The opportunities for linking crypto and fiat currencies are abundant. From crypto projects that require fiat solutions (like fiat on and off ramps and IBANs), through to crypto for traditional fiat systems, and solutions for fintech companies that enable clients to buy or sell crypto within their own infrastructure.”

Retail FX

Maltese watchdog warns of bogus broker Perfect Choice Trade

The Malta Financial Services Authority (MFSA), the regulator responsible for the oversight of the forex  sector in the Mediterranean island, today issued a warning against a forex broker that offers its services without having the authorization to do so.

Digital Assets

Dukascopy warns of fake website impersonating its cryptocurrency

Switzerland’s forex bank and broker, Dukascopy, today warned against a fraudulent website that have been falsely claiming affiliation with its ‎authorized brand.‎

Uncategorized

Freetrade raises £30 million to fund business expansion

Freetrade, which calls itself a challenger stockbroker, has raised £30 million in debt financing led by a clutch of existing investors.

Digital Assets

Crypto assets under management at lowest point since July 2021

Crypto investment products registered outflows for a second consecutive week, the bulk of which came from bitcoin funds, according to data from digital asset manager CoinShares.

<