FIX API emulator for an easy migration to Trade Processor

The international technology company Tools for Brokers has announced the release of the new edition of the Trade Processor liquidity bridge. Among the key new features released is the FIX API emulator that enables brokers to migrate to Trade Processor from alternative bridge providers even faster and easier than before. The new FIX API protocols are introduced to allow a straightforward migration that does not require additional setup or coding. Brokers can easily switch to Trade Processor from other market players and ensure that business continuity remains unaffected.

The SyntheticIndex LP is a new type of LP that has been added to the bridge. The new LP will help brokers create custom indexes by combining symbols in Trade Processor. To get the needed indexes, clients can now use source-symbol quotes multiplication or addition, set coefficients, and tick size steps. The index summary and quotes preview can be reviewed anytime via a user-friendly interface.

With the latest edition, brokers will not have to restart the server and lose priceless seconds and minutes to apply changes to their aggregation feeds or platforms in the feeding configuration. Instead, changes will be applied instantly. Actions applied on the fly include subscribing to LP symbol quotes and supplying them to a platform, creating new aggregated feed and feeding platforms, changing primary/backup aggregated feeds for a feeding platform, and changing feeding markups.

The TP alerts delivery system has also been upgraded to provide more flexibility to brokers and expand their options with the Trade Processor liquidity bridge. Telegram - the new notification medium was added to the already existing email and SMS options. In addition to LP login and log out, Failed CE are added to the events that the broker is notified about.