What’s changed in Trade Processor? New features and improvements digest
Author: Alexey Kutsenko
Continuous innovation is one of the fundamental values at Tools for Brokers. That’s why all of our solutions are constantly undergoing improvements and enhancements, and Trade Processor, naturally, is no different.
The latest release features several significant changes that we believe will benefit every broker, hedge fund manager, or prop trading specialist. To get a complete list of technical and business updates, please contact sales@t4b.com, and here we’ll focus on the key changes.
The FIX API web cabinet gets an upgrade
The interface in the FIX API web cabinet has been improved to be more comprehensive and cohesive, providing more data and showcasing it more intuitively. While the previous cabinet design was accessible and easy to understand, the new version takes it to the next level with elevated navigation and highlighting the key settings.
Quote filtration 2.0
Quote filtration options were introduced in the previous releases, but we have now made them better thanks to all the helpful feedback from our clients. The new function helps filter out incorrect quotes to avoid spikes that might trigger SL/TP orders and client complaints.
Better transparency with market-depth snapshots
Sometimes, brokers have to investigate a certain order’s execution if there is a suspicion that something went wrong along the way. Now, with market depth snapshots, brokers can save the real price picture at the moment when an order is executed through the Trade Processor liquidity bridge. So, if there are any disputes regarding the order execution, brokers can get to the bottom of the issue quickly and confirm whether or not there was any wrongdoing.
Timestamps for execution are introduced
With the latest Trade Processor editions, brokers get six new execution timestamps for every order executed by Trade Processor to make the whole execution sequence more transparent than ever before. The feature is available for all supported platforms and helps increase execution transparency. The timestamps are also listed in chronological order, making it easy to review and analyse the data.
Tags for platform symbols
Another highly requested feature is tags for platform symbols. The tags will simplify the configuration of execution routings in the bridge with the opportunity to set up custom processing rules for every tag.
A new liquidity provider added
The new liquidity provider OKX has been added to the pool of trusted LPs that brokers can choose from. We pay special attention to every new LP being added to the pool, and we work hard to keep a diversified portfolio so our clients can find the right match for them.
If you have any questions regarding the new release or to test the bridge, please email us at sales@t4b.com. If you're a current client, please let us know what you think of the improvements and if there is anything else you'd like us to add to the solution.
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