In a move to
provide a comprehensive turnkey solution for proprietary trading firms, Tools
for Brokers (TFB) and Red Acre Group, both financial technology providers, have
announced a strategic partnership. With the latest cooperation, companies want
to streamline business operations and reduce setup complexities that
prop-trading firms encounter.
TFB brings
its Trade Processor to the partnership, a vital component offering services and
products a prop trading firm might need. This includes bridge connections to
liquidity providers , aggregated price feeds, simulated real-market execution
for demo accounts, and risk management features like trailing stop-out levels.
Red Acre
Group will enhance the ecosystem with its technologies, including an advanced CRM
system, Trader’s Room interface, various front-end components, and 24/7
customer support. This means that prop trading firms can focus solely on client
and network growth, leaving the tech and support dimensions to TFB and Red Acre
Group.
The new TFB’s offer for Prop Trading firms
TFB has partnered with Red Acre to create a powerful, all-encompassing offer for Prop Trading companies looking to stand out from the competition and provide an excellent experience to traders.
👉 https://t.co/n2XCQ1Evbv#PropTrading pic.twitter.com/zyT72fUC80
— Tools for Brokers (@Tools4brokers) September 14, 2023
Gary
Mullen, the Chief Commercial Officer of Red Acre Group, emphasized the
significance of the new alliance.
“This
partnership promises exceptional service and high profitability for all,”
Mullen commented. He added that the partnership aims to enhance B2B financial
market access and has been carefully designed to benefit the participating
firms and their end clients.
According
to the press release, brokers looking to diversify their offerings with prop
trading capabilities can plug into this ready-to-go system. Similarly,
entrepreneurs new to the financial market can quickly and affordably launch
their proprietary trading firms.
Ivan
Egorov, the Global Head of Sales at TFB, pointed out the current surge in the
prop trading sector. He thinks that collaboration between Red Acre Group and
TFB addresses the growing demand for reliable technology that can support rapid
growth and performance in the prop trading industry.
“Red
Acre and TFB have created a turnkey solution for Prop Trading businesses to
help them keep the momentum going and guarantee a top experience for all
traders,” Egorov concluded.
Proprietary trading involves a financial institution trading financial instruments with its own capital to generate direct profits. Unlike traditional trading firms that earn commissions by trading for clients, prop trading firms use their own resources to engage in high-risk high-reward trades. This allows them to exploit market inefficiencies and volatility using various strategies like market-making and arbitrage.
TFB’s New Partnerships and
Hires
Finance
Magnates reported last week that FXCM Pro, the institutional arm of FXCM, has
entered into a partnership with Tools for Brokers. The collaboration will
feature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aims
to provide TFB’s clients with FXCM Pro’s institutional-level liquidity.
In related
news, TFB has upgraded its regtech offerings by integrating MAP FinTech’s
reporting solution into its Trade Processor liquidity bridge. This move is
anticipated to boost the capabilities of both companies’ services.
Also, the
company has been active in talent acquisition and promotions. Han Ong was
recently named the Head of the Singapore office, a step up from his previous
role as Asia-Pacific Sales Manager. Additionally, Michael Levine has been
elevated to Head of the UK office, having formerly served as the Vice President of
Sales for the UK.
In a move to
provide a comprehensive turnkey solution for proprietary trading firms, Tools
for Brokers (TFB) and Red Acre Group, both financial technology providers, have
announced a strategic partnership. With the latest cooperation, companies want
to streamline business operations and reduce setup complexities that
prop-trading firms encounter.
TFB brings
its Trade Processor to the partnership, a vital component offering services and
products a prop trading firm might need. This includes bridge connections to
liquidity providers , aggregated price feeds, simulated real-market execution
for demo accounts, and risk management features like trailing stop-out levels.
Red Acre
Group will enhance the ecosystem with its technologies, including an advanced CRM
system, Trader’s Room interface, various front-end components, and 24/7
customer support. This means that prop trading firms can focus solely on client
and network growth, leaving the tech and support dimensions to TFB and Red Acre
Group.
The new TFB’s offer for Prop Trading firms
TFB has partnered with Red Acre to create a powerful, all-encompassing offer for Prop Trading companies looking to stand out from the competition and provide an excellent experience to traders.
👉 https://t.co/n2XCQ1Evbv#PropTrading pic.twitter.com/zyT72fUC80
— Tools for Brokers (@Tools4brokers) September 14, 2023
Gary
Mullen, the Chief Commercial Officer of Red Acre Group, emphasized the
significance of the new alliance.
“This
partnership promises exceptional service and high profitability for all,”
Mullen commented. He added that the partnership aims to enhance B2B financial
market access and has been carefully designed to benefit the participating
firms and their end clients.
According
to the press release, brokers looking to diversify their offerings with prop
trading capabilities can plug into this ready-to-go system. Similarly,
entrepreneurs new to the financial market can quickly and affordably launch
their proprietary trading firms.
Ivan
Egorov, the Global Head of Sales at TFB, pointed out the current surge in the
prop trading sector. He thinks that collaboration between Red Acre Group and
TFB addresses the growing demand for reliable technology that can support rapid
growth and performance in the prop trading industry.
“Red
Acre and TFB have created a turnkey solution for Prop Trading businesses to
help them keep the momentum going and guarantee a top experience for all
traders,” Egorov concluded.
Proprietary trading involves a financial institution trading financial instruments with its own capital to generate direct profits. Unlike traditional trading firms that earn commissions by trading for clients, prop trading firms use their own resources to engage in high-risk high-reward trades. This allows them to exploit market inefficiencies and volatility using various strategies like market-making and arbitrage.
TFB’s New Partnerships and
Hires
Finance
Magnates reported last week that FXCM Pro, the institutional arm of FXCM, has
entered into a partnership with Tools for Brokers. The collaboration will
feature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aims
to provide TFB’s clients with FXCM Pro’s institutional-level liquidity.
In related
news, TFB has upgraded its regtech offerings by integrating MAP FinTech’s
reporting solution into its Trade Processor liquidity bridge. This move is
anticipated to boost the capabilities of both companies’ services.
Also, the
company has been active in talent acquisition and promotions. Han Ong was
recently named the Head of the Singapore office, a step up from his previous
role as Asia-Pacific Sales Manager. Additionally, Michael Levine has been
elevated to Head of the UK office, having formerly served as the Vice President of
Sales for the UK.
