PFSOFT Expands Protrader’s Risk Management Tools to Proprietary Trading Firms

Protrader has gained several risk control functions, helping it cater to prop trading firms.

PFSOFT, a fintech developer of sophisticated brokerage solutions, has expanded its pool of risk rules for Protrader’s solution suite, part of its multi-asset trading platform, in an ongoing bid to streamline the group’s risk management for partners and clients, according to a PFSOFT statement.

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Protrader deals with a variety of asset classes, including foreign exchange (FX), equities, futures, contracts-for-difference (CFDs), and spread betting. The new update to the platform is the latest iteration of a continuous cooperation between PFSOFT and a number of investment firms.

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More specifically, the new update will yield a variety of different functions and rules. These include a fortification of risk management devices such as daily and weekly loss limits, maximum value of all positions, and maximum trailing drawdown. The deployment of these enhancements also helps Protrader’s solution fit the needs of different market participants, many of whom are looking for stronger risk management capabilities.

The group caters to a wide range of market participants, including multi-market brokerages, white label and technology providers, local marketplaces, and also funds and proprietary trading shops.

Moreover, the advent of a professional front-end suite will also enable the targeting of professional traders, money managers, and algorithmic traders, as well as high net worth investors who are receptive to an extensive set of analytical and trading functionalities.

PFSOFT made headlines last month after it connected its Protrader Multi-Connect (PTMC) platform with Interactive Brokers. Recently, PFSOFT became one of the fastest growing developers of trading technology, and from the beginning of this year it has made similar connections to three forex brokers: FXCM, LMAX and OANDA, as well as to new data feeds, such as Quandl, IQFeed.

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