Protection against incorrect markups and new change logging in Trade Processor
The international technology company Tools for Brokers has announced the release of the latest edition of the multiplatform Trade Processor liquidity bridge.
As always, the newest edition features a number of major functionality releases along with smaller improvements and enhancements.
The MahiMarkets liquidity provider (LP) was added to the list of 100+ LPs available to clients through the liquidity bridge. Tools for Brokers is constantly expanding the network of reliable LP partners to help brokers, hedge funds, and prop trading firms find the best pricing for all their orders.
A new markup checkbox has been introduced to protect clients from incorrect markup applications, such as when the markup is too high, which results in a negative execution price.
In addition, the latest version of Trade Processor tracks and logs all manual changes to the configuration in the bridge's web interface. This helps streamline troubleshooting and get to the root cause of potential issues faster. A new column in the Trading History tab of Trade Processor displays the ID of the order sent from the bridge to a liquidity provider to help match orders between the bridge and the LP.
Prime brokers who provide liquidity to other brokers through the FIX API can now track and provide data on which symbols are available for which sessions. This is achieved with the new “Symbols and tags allowed for feeding” field in FIX feeding, which adds flexibility to the configuration settings. Moreover, custom processing rules are now easier to configure, too, with improved logic for importing and exporting these rules.
Lastly, clients can now change the time at which their reports are generated to fit their local time zones with the Time Offset parameter in the bridge.
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