Tools for Brokers (TFB), an international technology company, has introduced an upgraded FIX API FIX API The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol Read this Term emulator technology, making the transition to a Trade Processor liquidity bridge more accessible and less risky. This new technology helps clients avoid the usual hassle of excessive coding and re-configuring during the process.

Tools for Brokers Allows Easier Migration to Trade Processor

Typically, during the migration process, prime brokers' clients must rebuild their connections to continue trading, creating extra management overhead and unwanted risks. Tools for Brokers recognized this issue and has developed a migration technology that enables brokers to move to Trade Processor quicker and more efficiently. The emulator allows brokers to avoid additional coding, making the transition smoother.

Ivan Egorov, the Global Head of Sales at TFB, commented on the new functionality, stating that moving to a new liquidity bridge was challenging, especially for prime brokers who distribute liquidity to other market participants.

"And we didn't want our clients to miss out on all the functionality that Trade Processor has to offer. From now on, the transition from third-party liquidity bridges to Trade Processor is simpler than ever before," he added.

Trade Processor is a bridging solution that supports Match-Trader, cTrader and MetaQuotes' suite of trading platforms. It has the ability to link brokers with numerous 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 and provides a wide range of features to help traders obtain optimal pricing. The latest upgrade enables brokers to transition to Trade Processor by merely activating the emulator and providing their clients with new session credentials.

TFB Offers Complex Solutions for Retail Brokers

Recently, the provider of technologies in the trading industry has partnered with Options Technology, an IT infrastructure provider to capital market companies, to offer retail brokers seamless streaming of the market data.

Options offers trading firms a broad selection of assets and hardware for transmitting real-time and delayed data. The technology suite supplied by the company receives, interprets, and transmits standardized tick data to traders and clients, granting access to listed options, futures, stocks, and indices.

Also, Tools for Brokers prioritizes market expansion and the growth of its white-label solutions. In November, the firm unveiled its addition of Match-Trader (MTR), a white-label platform developed by Match-Trade Technologies. TFB provides MTR along with its in-house solutions, enabling brokers to diversify their trading platforms and access a more extensive range of products.

In September 2022, the provider of the trading industry's technologies announced the opening of a new Singapore office to strengthen its presence in the Asian Pacific region. With this recent addition, Tools for Brokers now operates from five offices worldwide, including the United Kingdom, Cyprus, Scotland, and Russia.