Enhanced Money Management: meet the new version of TFB PAMM
Author: Ivan Egorov
Perfection knows no limits, and we are proud to introduce a new version of TFB PAMM with some of the most requested features and additions.
The new Request System helps deal with an extensive volume of requests and navigate the day-to-day activities by automating some of the Admin's essential tasks.
Now Admins have a single place where they can process all the requests, such as:
- New accounts registration;
- Connection or disconnection of Investors;
- Money Manager fee amendments.
Among the various requests’ statuses, you will notice the ‘planned’ status, which is introduced to offload the server by moving non-time-sensitive tasks outside of the trading hours.
Another important addition is that Money Managers (MMs), Investors, and Admins will all have different access levels to the Request System to ensure data security. MMs and Investors will have limited access and will be able to:
- send requests and cancel them if they were not yet processed
- check request status and history
The Request System is a significant improvement to the Admin processes, especially for brokerages with large numbers of Investors and Money Managers. It automates daily routine and saves a lot of time for a broker.
Compliance with regulation is extremely important, so we are introducing a new report that generates data necessary for regulatory reports.
TFB PAMM will generate snapshot statements on equity, open orders, and balance of all Investors and MMs and automatically email them to the Broker regularly (daily, weekly, monthly, quarterly).
We are introducing Annual Management and Per Lot/Per Deal commissions for Investors
New Per Lot/Per Deal is a commission from Investor’s orders. It works the same way as commissions on Money Manager trades in MetaTrader, but now you can set commissions for particular investors right in the TFB PAMM.
Annual Management commission is set as a yearly commission but is charged monthly from Investors’ current balance or last charged balance. For example, if Investor’s balance of is 500 USD, and the Annual Management fee is 12%, then the monthly charge will be just 1% or 5 USD (500 * 12% / 12).
PERSONAL INVESTOR COMMISSIONS
With the latest update, Brokers can specify individual commissions for each Investor they are working with. The custom commissions include Performance fee, Management fee, Annual Management fee, Per Lot/Per Deal commission.
This functionality adds to the flexibility of the TFB PAMM system, enabling Brokers to have an even more personalized approach to each Investor.
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