Tools for Brokers, a software developer for FX brokers, has expanded its portfolio for the MetaTrader 5 (MT5) trading platform, launching a new Broker Business Intelligence solution, which enhances the brokers’ spreading migration to the MetaQuotes’ flagship terminal through additional BI services.
The latest product is a powerful risk management and business intelligence tool that provides fast insights by visually exploring all relevant data. Broker Business Intelligence made it possible to monitor server events, create and reshape regulatory reports that are easily accessible to any watchdog.
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The module allows brokers to grasp a complete overview of the business at any given time using individual reports and diagrams based on unique metrics and MT5 parameters. These reports secure a comprehensive picture of their exposure risk, client trading profiles and liquidity-based processing of their operations. Brokers can also monitor and remove toxic clients and spot unwanted trading patterns before they have a detrimental impact on the brokerage’s business.
In addition, the solution enables its users to quickly and effectively work out potential threats and plan automatic actions to deal with right on time.
Tools for Brokers has recently offered a pipeline of MetaTrader 5 solutions, ultimately making most of its key products available to MT5 brokers. The latest development follows on the heels of several years’ experience in which the company engineered MetaTrader 4 plugins for a wide range of financial service venues.
According to Aleksey Kutsenko, founder and CEO of Tools for Brokers: “With our business analytics module for MetaTrader 5, brokers have access to up-to-date information about all events that occur on the server. One of the most important components of the module is the reporting tool based on broker-specific benchmarks. Reports allow brokers to manage and eliminate risks before they cause irreparable damage to their business.”