BBI: 3 reports you should start using today

Author: Baiana Kashaeva

Reports in brokerage business are usually associated with regulators or top management. So, when you work on a report, the traditional mindset is that those reports are used for control and verification. We believe that it does not have to be that way. Internal reporting, in our opinion, is one the best tools to understand your organization better, to see where the performance is strongest, and where there is room for improvement.

That is why our Brokerage Business Intelligence (BBI) software includes a segment called Custom Reports. So, in addition to having regulatory reports, BBI offers multiple filters that can be used to run reports on any trading-related event for company’s internal use.

While there are countless directions you can take with custom reports, below are a few common targets that our clients set for themselves.

Suspicious trading

Brokers are constantly monitoring the activities of their clients and require a reliable and automated way to track traders with suspicious behaviours. With BBI, you can configure a report that would not only find the scalpers, but also give you an analytical insight with the ‘reason’ parameter. Using it, you will be able to see such information as whether it is a robot or an actual human being trading, and which device is used to do it. This helps not just track the individual unwanted behaviours, but see the overall pattern.

Outstanding events

Just like you need to be aware of any potentially suspicious behaviour, you should also stay on top of all events that stand out. Whether positive or not, all non-standard events can potentially affect your business. That is why they should be monitored to either prevent you from loss, or to maximize the profits in the given circumstances. Many of TFB clients are using BBI to track significant volumes, orders closed by SL/TP, and significant wins.

Deals profitability

Running a brokerage business is not easy. Brokers must always look for ways to increase their volumes and number of active traders, while at the same time make sure that the trades are successful. One of the ways to use internal reporting with BBI would be to check the deals profitability. Brokers typically run reports to see profitability to balance, traders with loss/profit of more than a certain percentage of the balance (e.g. 50% of total balance), or loss/profit of a set percentage (e.g. 10%).

On top of the scenarios we talked about today, many clients like to run reports by comment, showing specific lead campaigns, lists of Money Managers or agents with commissions and much more.

BBI has a lot to offer, so we encourage you to get a demo version, run a test and see how it can help your business. Not sure where to start? Leave us a request at sales@t4b.com, and a member of TFB team will get back to you to assist with the evaluation.

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