ToolsforBrokers announces crypto spot and futures trading

Karthik Subramanian

ToolsforBrokers, the company that specializes in building a variety of tools for FX brokers, has announced the launch of spot and futures trading via its trade processor platform through a partnership with the crypto exchange Binance.

Crypto trading has grown several-fold over the last year or so and it is now one of the most trading instruments set and posing a serious challenge to established markets like the stock and forex markets. T4B has realized this change in the attitude of users and has been trying to bring out several products from the crypto industry so that they can be streamed on to the FX brokers as well and they would be able to continue to grow their business by offering crypto products along with the FX products as well.

The latest offering from them is the ability to trade spots and futures in the crypto field which would give the ability for brokers to add such functionality in their platforms as well through the trade processor. The fact that the feed and clearing come from Binance should enhance the trust behind the product to a great deal and help the brokers in marketing these crypto products to their customers. This would also help the brokers to enhance their crypto offering as Binance has 1000s of tokens listen on its platform and so the brokers are also potentially able to tap on any of these tokens and offer a wide variety of tokens for trading to their clients.

The company had also recently added internal hedging to their trade processor bridge which helped the brokers to throw trades onto their LP if the trade volumes in their brokerage or on specific instruments exceeded certain preset limits. This helps a great deal with risk management and with most of this process being preset and automated, it makes it, even more, easier for the brokers to manage their risk.

T4B has always kept itself abreast of the changes in the market and in the demand from the brokers and the addition of the crypto trading from Binance seems to be one more attempt to offer a product that is in demand right now. The company would expect this new product offering to do well and help to compensate for the lack of trading volume in the FX markets that has been seen of late.

 

Read this next

Inside View

Libertex founder’s family denies any links to Russian government

Vyacheslav Taran, 53, founder of Forex Club and CEO of Libertex Group, was the sole passenger of a helicopter that crashed in Villefranche-sur-Mer this weekend. The helicopter crash is still under investigation, and authorities have not indicated any possibility of foul play.

Digital Assets

Despite FTX chaos, Italy welcomes crypto lender Nexo

Crypto lender Nexo has won regulatory approval from Italy’s financial regulators, allowing the exchange to continue serving Italian customers.

Institutional FX, Interviews

ION Markets for execution and clearing: Francesco Margini at FIA EXPO 2022

The CPO of Cleared Derivatives at ION Markets spoke about the need for automated execution and clearing in times of surging volumes and increased volatility.

Institutional FX

FIA EXPO 2022: Baton Systems President on building post trade rails for capital markets

As the world’s largest trade show for the listed derivatives dealers, the FIA Futures and Options Expo is a high point for the global cleared swaps community, with dozens of panels, educational sessions, networking opportunities and more.

Industry News

Brokeree Solutions Wins the “Best Emerging Fintech” Award

2022 has become, for Brokeree Solutions, a time of new inventions and developments. We are pleased that the industry has appreciated this emergence of new technologies

Metaverse Gaming NFT

Glip raises $2.5 million to develop class-A Web3 games ecosystem

Web3 game discovery & wallet app, Glip has raised an additional $2.5 million in new funding from a range of investors, bringing the total investments it received to $6 million thus far. 

Inside View

Black Friday and trading: OctaFX presents the results of its client survey

What are the attitudes of traders toward the Black Friday period? What are their trading patterns during the shopping season? OctaFX asked its clients all the most important questions.

Retail FX

Dukascopy warns of clone website dukascopyd.swisbank

Switzerland’s forex bank and broker, Dukascopy has alerted the market and consumers to a clone of its authorised brand. The website, which remains active, is impersonating the genuine investment firm in an attempt to deceive people into handing over their hard-earned money.

Crypto Insider

A Step-by-Step Guide on How to Get a Crypto Wallet

The crypto ecosystem is very much based on the existence of a crypto wallet, as it is the gateway that allows users to securely store their assets with full transparency and protection.

<