New quote filtration and symbol tags in Trade Processor
The international technology company Tools for Brokers has announced the release of the latest edition of its flagship Trade Processor liquidity bridge.
As part of the ongoing strategy to enhance bridge performance and expand the functionality range, the solution has undergone performance and functionality upgrades.
The quote filtration feature was optimised based on client feedback, and it now includes the option to filter out incorrect quotes to avoid triggering SL/TP orders with spikes. Also, based on client requests, tags for platform symbols were introduced to streamline the configuration of execution routings in the bridge. Brokers are also now able to set up customised processing rules for every tag.
In line with a focus on increasing the transparency of operations for brokers and traders, Tools for Brokers introduced market-depth snapshots and execution timestamps. Market-depth snapshots simplify order investigation and dispute resolution by saving the real price picture at the moment of order execution in the liquidity bridge. With six new types of execution stamps, the whole execution sequence is transparent, and timestamps are listed in chronological order for more convenience.
The FIX API web cabinet has gone through a transformation that has made it more cohesive and intuitive for brokers to use.
The latest edition of Trade Procesor also features the addition to the pool of trusted liquidity providers. The OKX liquidity provider has been added to the bridge and is available to brokers now.
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