In a move toprovide a comprehensive turnkey solution for proprietary trading firms, Toolsfor Brokers (TFB) and Red Acre Group, both financial technology providers, haveannounced a strategic partnership. With the latest cooperation, companies wantto streamline business operations and reduce setup complexities thatprop-trading firms encounter.
TFB bringsits Trade Processor to the partnership, a vital component offering services andproducts a prop trading firm might need. This includes bridge connections toliquidity providers , aggregated price feeds, simulated real-market executionfor demo accounts, and risk management features like trailing stop-out levels.
Red AcreGroup will enhance the ecosystem with its technologies, including an advanced CRMsystem, Trader's Room interface, various front-end components, and 24/7customer support. This means that prop trading firms can focus solely on clientand network growth, leaving the tech and support dimensions to TFB and Red AcreGroup.
— Tools for Brokers (@Tools4brokers) September 14, 2023The 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
GaryMullen, the Chief Commercial Officer of Red Acre Group, emphasized thesignificance of the new alliance.
"Thispartnership promises exceptional service and high profitability for all,"Mullen commented. He added that the partnership aims to enhance B2B financialmarket access and has been carefully designed to benefit the participatingfirms and their end clients.
Accordingto the press release, brokers looking to diversify their offerings with proptrading capabilities can plug into this ready-to-go system. Similarly,entrepreneurs new to the financial market can quickly and affordably launchtheir proprietary trading firms.
IvanEgorov, the Global Head of Sales at TFB, pointed out the current surge in theprop trading sector. He thinks that collaboration between Red Acre Group andTFB addresses the growing demand for reliable technology that can support rapidgrowth and performance in the prop trading industry.
"RedAcre and TFB have created a turnkey solution for Prop Trading businesses tohelp them keep the momentum going and guarantee a top experience for alltraders," 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 andHires
FinanceMagnates reported last week that FXCM Pro, the institutional arm of FXCM, hasentered into a partnership with Tools for Brokers. The collaboration willfeature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aimsto provide TFB's clients with FXCM Pro's institutional-level liquidity.
In relatednews, TFB has upgraded its regtech offerings by integrating MAP FinTech'sreporting solution into its Trade Processor liquidity bridge. This move isanticipated to boost the capabilities of both companies' services.
Also, thecompany has been active in talent acquisition and promotions. Han Ong wasrecently named the Head of the Singapore office, a step up from his previousrole as Asia-Pacific Sales Manager. Additionally, Michael Levine has beenelevated to Head of the UK office, having formerly served as the Vice President ofSales for the UK.
In a move toprovide a comprehensive turnkey solution for proprietary trading firms, Toolsfor Brokers (TFB) and Red Acre Group, both financial technology providers, haveannounced a strategic partnership. With the latest cooperation, companies wantto streamline business operations and reduce setup complexities thatprop-trading firms encounter.
TFB bringsits Trade Processor to the partnership, a vital component offering services andproducts a prop trading firm might need. This includes bridge connections toliquidity providers , aggregated price feeds, simulated real-market executionfor demo accounts, and risk management features like trailing stop-out levels.
Red AcreGroup will enhance the ecosystem with its technologies, including an advanced CRMsystem, Trader's Room interface, various front-end components, and 24/7customer support. This means that prop trading firms can focus solely on clientand network growth, leaving the tech and support dimensions to TFB and Red AcreGroup.
— Tools for Brokers (@Tools4brokers) September 14, 2023The 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
GaryMullen, the Chief Commercial Officer of Red Acre Group, emphasized thesignificance of the new alliance.
"Thispartnership promises exceptional service and high profitability for all,"Mullen commented. He added that the partnership aims to enhance B2B financialmarket access and has been carefully designed to benefit the participatingfirms and their end clients.
Accordingto the press release, brokers looking to diversify their offerings with proptrading capabilities can plug into this ready-to-go system. Similarly,entrepreneurs new to the financial market can quickly and affordably launchtheir proprietary trading firms.
IvanEgorov, the Global Head of Sales at TFB, pointed out the current surge in theprop trading sector. He thinks that collaboration between Red Acre Group andTFB addresses the growing demand for reliable technology that can support rapidgrowth and performance in the prop trading industry.
"RedAcre and TFB have created a turnkey solution for Prop Trading businesses tohelp them keep the momentum going and guarantee a top experience for alltraders," 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.
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TFB's New Partnerships andHires
FinanceMagnates reported last week that FXCM Pro, the institutional arm of FXCM, hasentered into a partnership with Tools for Brokers. The collaboration willfeature trading platforms MetaTrader 4 (MT4 ) and MetaTrader 5 (MT5), and aimsto provide TFB's clients with FXCM Pro's institutional-level liquidity.
In relatednews, TFB has upgraded its regtech offerings by integrating MAP FinTech'sreporting solution into its Trade Processor liquidity bridge. This move isanticipated to boost the capabilities of both companies' services.
Also, thecompany has been active in talent acquisition and promotions. Han Ong wasrecently named the Head of the Singapore office, a step up from his previousrole as Asia-Pacific Sales Manager. Additionally, Michael Levine has beenelevated to Head of the UK office, having formerly served as the Vice President ofSales for the UK.
