Tools for Brokers has enhanced its offerings in the financial services industry by integrating the proxy server solutions offered by MT Proxy, Finance Magnates learned exclusively.
Under the strategic partnership inked between the two, Tools for Brokers will integrate the proxy server solutions with liquidity bridge software, thus ensuring a faster and more efficient trading experience for its clients. MT Proxy claims that its solutions reduce excess latency by up to 40 percent.
“This new partnership is a great fit,” MT Proxy’s Managing Director, Kent Riboe, said in a statement. “Tools for Brokers is an industry-leading provider of the trading infrastructure. Their cutting-edge technology already significantly reduces market-side latency for brokers.”
“By partnering with MT Proxy, they can now offer brokers a new, robust solution for reducing client-side latency as well. Our combined services will enable brokers to speed up trading and offer better connectivity to clients worldwide.”
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Building an Ecosystem for Brokers
The need for latency reduction on the part of Tools for Brokers came as the company recently announced its focus on offering the entire ecosystem of solutions to brokers. Finance Magnates earlier reported that the platform extended its support for weekend forex trading as well, to meet the rising demand of the market.
Meanwhile, the company has been expanding its global reach over the past few years and opened an office in Bangkok to further Asian reach.
“We believe that the jump in the market that we saw last year is here to stay. As more brokers and clients are joining, the stakes are becoming higher,” said, Albina Zhdanova, Chief Operating Officer at Tools for Brokers.
“Today, there is less tolerance for delays and errors. Brokers are under a lot of pressure to provide top-level services, so we are excited to partner with MT Proxy, which will help us significantly lower the brokers’ latency.”