Unlocking the Future of Prop Trading: TFB and Red Acre Announce Partnership

Thursday, 14/09/2023 | 08:42 GMT by Damian Chmiel
  • TFB and Red Acre launched an end-to-end solution for prop trading firms.
  • They want to simplify business processes for both newcomers and existing players.
Alexey Kutsenko, the CEO of Tools for Brokers
Alexey Kutsenko, the CEO of Tools for Brokers

In a move to provide a comprehensive turnkey solution for proprietary trading firms, Tools for Brokers (TFB) and Red Acre Group, both financial technology providers, have announced a strategic partnership. With the latest cooperation, companies want to streamline business operations and reduce setup complexities that prop-trading firms encounter.

TFB and Red Acre Group Create Collaborative Ecosystem for Prop Trading

TFB brings its Trade Processor to the partnership, a vital component offering services and products a prop trading firm might need. This includes bridge connections to liquidity providers , aggregated price feeds, simulated real-market execution for demo accounts, and risk management features like trailing stop-out levels.

Red Acre Group will enhance the ecosystem with its technologies, including an advanced CRM system, Trader's Room interface, various front-end components, and 24/7 customer support. This means that prop trading firms can focus solely on client and network growth, leaving the tech and support dimensions to TFB and Red Acre Group.

Gary Mullen, the Chief Commercial Officer of Red Acre Group, emphasized the significance of the new alliance.

"This partnership promises exceptional service and high profitability for all," Mullen commented. He added that the partnership aims to enhance B2B financial market access and has been carefully designed to benefit the participating firms and their end clients.

According to the press release, brokers looking to diversify their offerings with prop trading capabilities can plug into this ready-to-go system. Similarly, entrepreneurs new to the financial market can quickly and affordably launch their proprietary trading firms.

Ivan Egorov, the Global Head of Sales at TFB, pointed out the current surge in the prop trading sector. He thinks that collaboration between Red Acre Group and TFB addresses the growing demand for reliable technology that can support rapid growth and performance in the prop trading industry.

"Red Acre and TFB have created a turnkey solution for Prop Trading businesses to help them keep the momentum going and guarantee a top experience for all traders," Egorov concluded.

Proprietary trading involves a financial institution trading financial instruments with its own capital to generate direct profits. Unlike traditional trading firms that earn commissions by trading for clients, prop trading firms use their own resources to engage in high-risk high-reward trades. This allows them to exploit market inefficiencies and volatility using various strategies like market-making and arbitrage.

TFB's New Partnerships and Hires

Finance Magnates reported last week that FXCM Pro, the institutional arm of FXCM, has entered into a partnership with Tools for Brokers. The collaboration will feature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aims to provide TFB's clients with FXCM Pro's institutional-level liquidity.

In related news, TFB has upgraded its regtech offerings by integrating MAP FinTech's reporting solution into its Trade Processor liquidity bridge. This move is anticipated to boost the capabilities of both companies' services.

Also, the company has been active in talent acquisition and promotions. Han Ong was recently named the Head of the Singapore office, a step up from his previous role as Asia-Pacific Sales Manager. Additionally, Michael Levine has been elevated to Head of the UK office, having formerly served as the Vice President of Sales for the UK.

In a move to provide a comprehensive turnkey solution for proprietary trading firms, Tools for Brokers (TFB) and Red Acre Group, both financial technology providers, have announced a strategic partnership. With the latest cooperation, companies want to streamline business operations and reduce setup complexities that prop-trading firms encounter.

TFB and Red Acre Group Create Collaborative Ecosystem for Prop Trading

TFB brings its Trade Processor to the partnership, a vital component offering services and products a prop trading firm might need. This includes bridge connections to liquidity providers , aggregated price feeds, simulated real-market execution for demo accounts, and risk management features like trailing stop-out levels.

Red Acre Group will enhance the ecosystem with its technologies, including an advanced CRM system, Trader's Room interface, various front-end components, and 24/7 customer support. This means that prop trading firms can focus solely on client and network growth, leaving the tech and support dimensions to TFB and Red Acre Group.

Gary Mullen, the Chief Commercial Officer of Red Acre Group, emphasized the significance of the new alliance.

"This partnership promises exceptional service and high profitability for all," Mullen commented. He added that the partnership aims to enhance B2B financial market access and has been carefully designed to benefit the participating firms and their end clients.

According to the press release, brokers looking to diversify their offerings with prop trading capabilities can plug into this ready-to-go system. Similarly, entrepreneurs new to the financial market can quickly and affordably launch their proprietary trading firms.

Ivan Egorov, the Global Head of Sales at TFB, pointed out the current surge in the prop trading sector. He thinks that collaboration between Red Acre Group and TFB addresses the growing demand for reliable technology that can support rapid growth and performance in the prop trading industry.

"Red Acre and TFB have created a turnkey solution for Prop Trading businesses to help them keep the momentum going and guarantee a top experience for all traders," Egorov concluded.

Proprietary trading involves a financial institution trading financial instruments with its own capital to generate direct profits. Unlike traditional trading firms that earn commissions by trading for clients, prop trading firms use their own resources to engage in high-risk high-reward trades. This allows them to exploit market inefficiencies and volatility using various strategies like market-making and arbitrage.

TFB's New Partnerships and Hires

Finance Magnates reported last week that FXCM Pro, the institutional arm of FXCM, has entered into a partnership with Tools for Brokers. The collaboration will feature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aims to provide TFB's clients with FXCM Pro's institutional-level liquidity.

In related news, TFB has upgraded its regtech offerings by integrating MAP FinTech's reporting solution into its Trade Processor liquidity bridge. This move is anticipated to boost the capabilities of both companies' services.

Also, the company has been active in talent acquisition and promotions. Han Ong was recently named the Head of the Singapore office, a step up from his previous role as Asia-Pacific Sales Manager. Additionally, Michael Levine has been elevated to Head of the UK office, having formerly served as the Vice President of Sales for the UK.

About the Author: Damian Chmiel
Damian Chmiel
  • 1912 Articles
  • 43 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 1912 Articles
  • 43 Followers

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