Monitoring service with Tools for Brokers: All you need to know

Author: Ivan Egorov

At TFB, we are huge fans of monitoring data. That’s why we have built-in data monitoring and reporting that all clients have access to through our multiplatform liquidity bridge – Trade Processor. In addition, we also have a separate monitoring service for less visible but still critical aspects of the infrastructure that should also be tracked and kept under control.

In today’s article, we’ll discuss all the monitoring options available to TFB clients. Let’s get started!

#1 Back to basics

With our basic monitoring service, you’ll be able to cover all the essentials:

• Track the general condition of all your trading infrastructure’s components.
• Get notified about major events, such as losing connection with a liquidity provider or issues with the overall connection or hosting.

This is the minimum of what needs to be monitored to have peace of mind.

#2 Liquidity bridge to the rescue for your data monitoring

If you’ve covered all the basics already and feel like you’re ready to expand on what’s being monitored, you can use the Trade Processor liquidity bridge. In the bridge, you’ll have the freedom to choose what events to track and the ways you can be notified about them:

• via SMS
• via email
• via messenger

With the liquidity bridge, you can be notified when:

• There is an issue with order execution.
• The primary liquidity is down, and execution switches to the backup liquidity.
• There are no quotes on one or several instruments.
• The price feed switches to a backup source.
• The quotes filtration module filters out a spike in the quote stream.

Monitoring through the liquidity bridge provides a better glimpse into your environment. It helps you stay on top of all critical operations and prevent major disasters, while providing an uninterrupted, flawless trading experience.

#3 Advanced moves for pros

When you’ve implemented steps one and 2, it’s time to move on to advanced monitoring.

At Tools for Brokers, we offer it as an extra service to clients, where we track things like:

• CPU overload
• Server performance parameters
• How much space is left

With this service, you cover everything environment-related. This means that you can prevent and mitigate the majority of risks that brokers, hedge funds, and prop trading firms face regarding software and hardware.

If you’d like to learn more about any of the monitoring options or our solutions in general, please email us at sales@t4b.com.