What’s new in Trade Processor? April 2023 update

Author: Alexey Kutsenko

We recently released a new edition of the Trade Processor (TP) liquidity bridge. As always, the update includes backend improvements that make the solution even more powerful and robust, as well as updates to the features that help our clients enjoy the day-to-day management of the solution even more.

Without further ado, here is what’s new in the Trade Processor liquidity bridge.

Migration to Trade Processor is easier than ever

In response to popular demand, we’ve enhanced the FIX API emulator feature, enabling brokers to migrate from third-party bridges to Trade Processor.

Typically, migration to the new bridge is associated with risks, delays, and complex actions. With TFB’s emulator feature, switching to TP is nothing like that. There is no excessive coding or re-configuring, thanks to the built-in FIX API protocols. There is also no need to rebuild connections to continue trading as a prime broker. Instead, brokers only need to turn on the emulator and share new credentials with their clients.

The Trading History page gets a new look

We have completely reworked the Trading History tab in Trade Processor to make it easier to understand and analyse. The interface has been simplified and updated to be more intuitive, so brokers will spend less time looking for the information they need. Also, the new LP Execution page has an added option to view deal details for a more thorough data analysis.

New liquidity providers added

At TFB, we value quality over quantity, so even though we provide a versatile pool of liquidity providers (LPs), each is thoroughly checked and verified before they become a part of the TP ecosystem.

With the new edition, brokers will be able to work with two new LPs:

• Euronext
• Currenex

The TP REST API for trading/quotes is enabled

Integration of third-party apps with Trade Processor is significantly easier now with the REST API enabled.

Now brokers can choose between the FIX API and REST API to connect their trading platforms and clients, having more flexibility and expanding their opportunities with the solutions.

FIX API statements are improved to help stay compliant

The existing FIX API statements were improved to almost fully match MT5 statements. Regulators require brokers to provide statements in a specific format, so aligning the FIX API statements with the standard format simplifies brokers’ operations and helps them stay compliant with minimal effort on their end.

Final thoughts

These are the highlights of the latest product update. Trade Processor is a feature-rich solution that includes many little tricks and tweaks that make a broker’s life easier. If you’re interested in specific functionality or experience a particular issue, email us at sales@t4b.com, and one of our team will get back to you with possible solutions shortly.