Visual Edge, a jointly developed broker analytics product by technology provider Gold-i and Corellasoft, has expanded its suite of services with several risk management components, according to a Gold-i statement.
The Visual Edge utility was designed to help foreign exchange (FX) brokers improve profits whilst reducing risk through the analysis of MT4 trades. In terms of its new features, Visual Edge will feature B-Book exposure across a cascade of attributes such as distinguishable currencies, asset classes or country. Consideration to clients A-Book will also be addressed in the new features.
The new features are important as they will offer brokers more versatility in their risk management focus, as well as MT4 trades. Furthermore, the software will help enable brokers to tag specific clients, which will help allay endemic concerns garnered from perceived ‘risky’ clients.
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According to Tom Higgins, Chief Executive Officer (CEO), Gold-i, in a recent statement on the partnership, “Clients really see the value in Gold-i Visual Edge as the product’s visualization capabilities make it very easy for them to analyse P&L and trading volumes and to work out which clients should be A-Booked and who should be B-Booked.”
“The latest enhancements have been driven by client demand to give them a clearer understanding of their exposure to risk. We are delighted to have worked in partnership with Corellasoft to create these additional features. Risk management is high on the agenda for the majority of brokers and this product maps on to current market needs,” he added.
“Our ultimate aim with Visual Edge is to provide MT4 brokers with impressive, easy to use trade analytics software to help them to reduce their risk and increase their profits. Gold-i Visual Edge is a unique product which enables brokers to gain a greater understanding of the key metrics that drive their business and to use this insight to enhance their operations,” noted Misha Kipnis, CEO of Corellasoft, in an accompanying statement.
Gold-i made waves back in Q3 when it expanded its physical presence in China with the opening of a new office. The impetus behind the expansion to China focused on the group’s deliverance of customer support in the region.