In a move to provide a comprehensive turnkey solution for proprietary trading firms, Tools for Brokers (TFB) and Red Acre Group, both financial technology providers, have announced a strategic partnership. With the latest cooperation, companies want to streamline business operations and reduce setup complexities that prop-trading firms encounter.

TFB and Red Acre Group Create Collaborative Ecosystem for Prop Trading

TFB brings its Trade Processor to the partnership, a vital component offering services and products a prop trading firm might need. This includes bridge connections to liquidity providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term, aggregated price feeds, simulated real-market execution for demo accounts, and risk management features like trailing stop-out levels.

Red Acre Group will enhance the ecosystem with its technologies, including an advanced CRM system, Trader's Room interface, various front-end components, and 24/7 customer support. This means that prop trading firms can focus solely on client and network growth, leaving the tech and support dimensions to TFB and Red Acre Group.

The new TFB's offer for Prop Trading firms

TFB has partnered with Red Acre to create a powerful, all-encompassing offer for Prop Trading companies looking to stand out from the competition and provide an excellent experience to traders.

👉 https://t.co/n2XCQ1Evbv#PropTrading pic.twitter.com/zyT72fUC80

— Tools for Brokers (@Tools4brokers) September 14, 2023

Gary Mullen, the Chief Commercial Officer of Red Acre Group, emphasized the significance of the new alliance.

"This partnership promises exceptional service and high profitability for all," Mullen commented. He added that the partnership aims to enhance B2B financial market access and has been carefully designed to benefit the participating firms and their end clients.

According to the press release, brokers looking to diversify their offerings with prop trading capabilities can plug into this ready-to-go system. Similarly, entrepreneurs new to the financial market can quickly and affordably launch their proprietary trading firms.

Ivan Egorov, the Global Head of Sales at TFB, pointed out the current surge in the prop trading sector. He thinks that collaboration between Red Acre Group and TFB addresses the growing demand for reliable technology that can support rapid growth and performance in the prop trading industry.

"Red Acre and TFB have created a turnkey solution for Prop Trading businesses to help them keep the momentum going and guarantee a top experience for all traders," Egorov concluded.

Proprietary trading involves a financial institution trading financial instruments with its own capital to generate direct profits. Unlike traditional trading firms that earn commissions by trading for clients, prop trading firms use their own resources to engage in high-risk high-reward trades. This allows them to exploit market inefficiencies and volatility using various strategies like market-making and arbitrage.

TFB's New Partnerships and Hires

Finance Magnates reported last week that FXCM Pro, the institutional arm of FXCM, has entered into a partnership with Tools for Brokers. The collaboration will feature trading platforms MetaTrader 4 (MT4 MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) and MetaTrader 5 (MT5), and aims to provide TFB's clients with FXCM Pro's institutional-level liquidity.

In related news, TFB has upgraded its regtech offerings by integrating MAP FinTech's reporting solution into its Trade Processor liquidity bridge. This move is anticipated to boost the capabilities of both companies' services.

Also, the company has been active in talent acquisition and promotions. Han Ong was recently named the Head of the Singapore office, a step up from his previous role as Asia-Pacific Sales Manager. Additionally, Michael Levine has been elevated to Head of the UK office, having formerly served as the Vice President of Sales for the UK.