Tools for Brokers opens office in Singapore

Rick Steves

“We are excited about the new office in Singapore. It is a very important financial center, and we want to ensure we’re available for face-to-face meetings with clients and partners.”

Tools for Brokers has announced the opening of an office in Singapore to support the fintech firm’s already strong presence in Asia Pacific and further expansion in the region.

The technology vendor of MT4/MT5 liquidity bridge solutions found Singapore as the logical choice for the company’s new office location, being one of APAC’s largest business hubs.

Sergei Gruzin leads APAC operation

As part of the planned physical presence in Singapore, Tools for Brokers promoted Sergei Gruzin as Head of Business Development Asia in late July 2022.

Sergei originally joined the firm in 2017. In his new role, he will be responsible for identifying and developing new business opportunities, as well as expanding the company’s presence in the APAC region.

The expansion accommodates current client requirements and underpins TFB’s strategy to grow its infrastructure and expands the availability of its product suite in line with local regulations.

Sergei Gruzin, Head of Business Development Asia, commented: “We are excited about the new office in Singapore. It is a very important financial center, and we want to ensure we’re available for face-to-face meetings with clients and partners. We believe the new office will support us in providing top-quality service to our local clients and will help us grow and achieve our goals. We are very excited about this new chapter for TFB, and we hope to see all our partners soon”.

Tools for Brokers best known for its MT4/MT5 liquidity bridge

The Singapore office will be catering to existing clients and prospective ones, who will be offered the firm’s flagship product ‘Trade Processor’, among other solutions.

Trade Processor combines a liquidity bridge and a market-making order pool for offering the features necessary to manage an entire brokerage business. Brokers can use the product to improve liquidly 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.

The 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.

Read this next

Institutional FX

CLS FX volume continues downward trend in August

Total daily traded volume submitted to CLS for settlement took yet another step back in August.

Digital Assets

Huobi taps AstroPay to facilitate fiat-to-crypto payment in Latin America

Huobi, the world’s sixth-largest crypto exchange by trading volume, has recently partnered with payment solution provider AstroPay to launch local currency account deposits and withdrawals in Latin America.

Digital Assets

Crypto exchange FTX to raise $1 billion at flat valuation of $32 billion

FTX is reportedly in discussions with a clutch of heavyweights from traditional finance to raise up to $1 billion in fresh funding to fuel more deal-making.

Digital Assets

Revolut US launches trading on Avalanche, Solana, and Dogecoin

British fintech and banking firm Revolut has further expanded its cryptocurrency offering in the US with the addition of 29 new tokens.

Digital Assets

Bahrain greenlights eazyPay to launch Binance Pay

The Central Bank of Bahrain has blessed a new partnership inked by Binance with Eazy Financial Services ‘eazyPay’, a local POS and online payment service provider. The greenlight enables EazyPayto to launch Bitcoin and cryptocurrency payments in the region.

Digital Assets

Coinbase approved to offer crypto for Dutch users

Nasdaq-listed crypto exchange operator Coinbase has been handed regulatory approval to operate as a crypto service provider in the Netherlands.

Metaverse Gaming NFT

AC Milan partners with Solana-based NFT football game MonkeyLeague

“Partnering with champions like AC Milan, an absolute iconic Club throughout footballs history, is another testament to what we are building and where we are headed as a game and game studio. It also represents a key step in our plans to bridge the Web2 and Web3 worlds.”

Digital Assets

Shariah-compliant Islamic Coin to support SDG-compliant ventures, green projects, and philanthropy

Shariah-compliant Islamic Coin has recently launched a collaboration with the World Green Growth Organization and the International Youth Conference 6, taking place on September 22-25th and September 30th-October 1st, 2022, in New York. 

Market News

Week ahead: US core PCE and eurozone CPI 

We heard from a range of central banks last week and the update sparked big moves in the markets, and the bulk of the volatility was in currencies.

<