Questions about your brokerage solutions that you were embarrassed to ask

Today we prepared a little Q&A based on some of the typical topics that come up in conversations with our current and prospective clients. Often, the questions come from someone who has been working with us for a while, so we thought it would be a good idea to put them all in one blog post.

1. What is the best way to execute orders?

Trade Processor offers six different types of aggregation that cover various scenarios and help brokers be flexible with their clients. There is no single right or wrong answer, as whatever is considered as the ‘best way’ for order execution will depend on each individual case. So, what we recommend is to use a combination of aggregation techniques. You can read more about aggregation with Trade Processor here.

2. I need to add a new Liquidity Provider (LP) to the Trade Processor (TP). How do I do that?

New LPs can be added in the system settings of TP. You select the ‘Liquidities’ tab and click ‘Create new’. As a next step, you will be able to select an LP type, give your LP a name, and configure it. If you are an existing client, you can click here for a more detailed guide.

3. Is there an alert system, and how can I use it in my brokerage?

We provide a wide range of alerts for brokers in our Brokerage Business Intelligence (BBI) solution that is a part of the TP Ecosystem. Alerts are fully customisable, and they can be created for anything that has a pattern, e.g. a deal volume or profit result. Brokerage alerts are an essential part of any risk management strategy, as they enable brokers to be proactive and also react quickly should anything unexpected happen.

4. I heard you support over-the-weekend trading with Weekend FX. Is weekend trading worth my while?

Every brokerage is different and offers a unique selection of services. It is up to the management to decide if it makes sense to offer Saturday and Sunday trading to their clients. There is currently significant demand for weekend trading on the market, so it is an excellent way to promote yourself and get new leads. In one of our recent blog posts, we talked about weekend trading, its benefits and potential threats. Click here to read more about it.

5. How can I automate A-book and B-book risk management?

Moving clients from A-book to B-book and vice versa is a common risk management strategy that helps brokers lower their risks and financial losses. However, it is easy to make errors and waste a lot of time if brokers do it manually.

We suggest our clients use an Auto Switch tool to mitigate the risks. It can be configured to run as soon as certain events occur. It only requires the broker to set up the rules initially, and the rest will be automated.

Did you know that last year we launched a customer support portal? It is a one-stop-shop with all sorts of information about TFB products, lifehacks, guides, and tips. You will find many articles on the portal already, and we are constantly updating it with new materials. You can leave your suggestion for new guides or tips there, as well as submit and track your support tickets.