Tools for Brokers, a software developer for foreign exchange (FX) brokers, has developed a solutions suite for the MetaTrader 5 (MT5) trading platform, helping facilitate brokers’ transition to the utility with additional services for venues.
The latest development follows on the heels of a seven-year development period, which saw Tools for Brokers engineering MetaTrader 4 plugins for a wide range of financial service venues – this has also included myriad institutional solutions for MT5 brokers.
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More specifically, Tools for Brokers has developed risk management utilities such as a bonus manager that cancels credit bonuses in case of unfavorable conditions. Additionally the group has also designed a multi-level agent commission for creating a hierarchical partnership system, a PAMM for supporting asset management, and a bridge aggregator, helping connect multiple platforms to liquidity providers.
According to Aleksey Kutsenko, founder and CEO of Tools for Brokers: “Our company has an exceptionally positive experience of working with MetaTrader 5. MetaQuotes Software has developed a brand new product featuring significant advantages in terms of convenience and functionality. I believe, MetaTrader 5 is a must for all brokers really planning for the future.”
“This year, the further development of MetaTrader 5 additions and plug-ins will be one of our key areas. Tools for Brokers is ready to provide any services related to the platform support and development of necessary solutions,” he added.