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

Metaverse Gaming NFT

Dubai Museum taps Binance to jump onto NFT bandwagon

Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, is joining forces with Binance NFT to roll out a range of digital products on blockchain.

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets enables Shopify merchants to accept crypto payments has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance