New features and enhancements: meet the latest edition of Trade Processor

Author: Alexey Kutsenko

Over the last 12 months, the TFB bridge developers have been working behind the scenes, updating the Trade Processor liquidity bridge and making it more robust, powerful, and user-friendly.

Many of these enhancements are invisible and somewhat more technical, so we did not announce them in our blog posts. Despite the importance of profound performance improvements and the internal reconstruction we’ve done, it’s difficult to explain the pure technical details. The fact is technology and coding continue to improve, and as soon as there's a better way to achieve something that allows scalability for our clients, we are prioritising these tasks.Of course, we have the luxury of time for that as technically, our functionality is already at a high level for even the most detail-oriented user.

Today, we’d like to highlight the technical updates, so please let us know what you think about the new format and whether it is helpful for you to read about non-business changes to the solution.

New feature: synthetic instruments

Let’s start with the main feature release - the synthetic instruments or synthetic liquidity.

Synthetic liquidity is a kind of liquidity that allows the creation of new instruments based on several other instruments by multiplying their quotes. It is possible to create a synthetic instrument from two or more instruments.

The new functionality is great for brokers who want to provide their traders with new symbols that they haven’t had before. For example, a broker has a standard EURUSD pair. Now they can create a synthetic USDEUR pair and offer it to traders.

This helps brokers stay flexible, stand out, keep their existing clients, and attract new ones. From a technical perspective, once the new synthetic instrument is created, it can be added to a synthetic LP in the new aggregation feed. After that step, everything else works as usual.

Currently, the synthetic instrument feature is not supported within the MT4 and MT5 platforms natively, so to utilise it, the broker needs to be a Trade Processor customer.

Technical updates

Now, let’s look at the more minor technical updates and enhancements that make our clients’ lives easier and better:

1. We added the ability to stream all quotes from MT5 without the limitation of the quote origin. We removed all limitations without making changes to the interface.

2. Multiple instruments can now be simultaneously switched in the A/B-book risk tool. The new capability is reflected in the interface and helps brokers save time by enabling position switching for multiple accounts or groups in one click.

3. Volume transfer now also allows users to select and work with multiple symbols simultaneously, eliminating the need to manually perform the same operation one by one.

4. New filters are added to the quotes’ statistics, for example, an average value for the top of books, to provide even better insight and a base for a detailed analysis.

5. LP symbols can now be imported or exported for convenience. Our clients actively requested this enhancement, so we are happy to roll it out in this version.

6. Several liquidities are added to the LP type field: ActivFinancial, XValley, Bita, Leverate, DxFeed, Valutrades, BlueOrange, and MorningStar.