Stress-free migration to Trade Processor with the FIX API emulator
Author: Ivan Egorov
As we continuously work on improving and enhancing the Trade Processor (TP) liquidity bridge, we focus on introducing functionality that helps make the lives of our clients a little bit easier.
One of the challenges we hear about a lot from different brokers is that they would like to move to TP, but their environment is deeply integrated with another liquidity bridge, making the switch complicated and risky.
That’s why we’ve introduced the FIX API emulator feature, enabling brokers to migrate to Trade Processor from alternative liquidity bridges seamlessly.
One of the biggest hurdles for prime brokers who provide liquidity to other market participants connected via FIX API is that their clients have to rebuild their connectors to continue trading after prime brokers switch to the new system. With the new FIX API protocols that are built into the emulator, there is no need to develop new connectors. It’s as simple as turning on the emulator on the new system and providing new session credentials to clients.
We designed the emulator to provide a more affordable and less risky way to migrate, helping brokers regain their flexibility and freedom to choose who they want to work with.
Additional new features released
Besides the FIX API emulator, the latest release of Trade Processor includes:
- The trading history page has been improved to be more intuitive and easy to understand.
- Quotes sent from the FIX API platform can be saved in a database to enable tracking and investigation should any quotes require additional attention.
- FIX API statements are enhanced to match MT5 daily statements, helping brokers to stay compliant by providing reports to FIX API clients in a more familiar format.
For a complete list of improvements and updates, please email us at firstname.lastname@example.org or reach out to the support team.
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