International forex technology company, Tools For Brokers, announced on Monday that it has integrated capital adequacy and end of day reports into its Brokers Business Intelligence (BBI) product.
According to the statement, the new reports aim to make the workflow for brokers easier and more efficient. They are now available for brokers who are already using BBI and will be included in the basic version of the product to all users.
The capital adequacy report focuses on the current risks to ensure the broker holds enough capital to continue with its operations and can withstand possible future complications. The assessment of these risks of market makers is required by any broker that is regulated by a European Authority.
The end of day report is typically a time-consuming process. However, BBI can now automate these processes and generate the report, saving a lot of time and energy for brokers.
HotForex extends partnership with Paris Saint-GermainGo to article >>
Commenting on the new features, Albina Zhdanova, the COO of Tools For Brokers said: “Brokers Business Intelligence is one of the flagship products of Tools For Brokers.”
“We constantly think about how we can make brokers’ workflows easier and more efficient, how to automate long and difficult tasks. Integrating capital adequacy and end of day reports into BBI is a great leap forward in achieving these goals.”
According to the statement from the technology provider, the reports are produced on the ‘standard reporting’ page. Clients can sort through the reports using the standard filters and convert them to Excel documents. In addition, customers can also have the reports sent to email automatically.
The BBI platform
BBI is a web-based platform that was released at the start of this year. It is offered to brokers as a cross-functional risk management and business analytics service. BBI is integrated with both MT4 and MT5. The product was developed specifically for brokers to allow them to analyze trades and make informed decisions.