Tools for Brokers opens office in Singapore
“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.
