Tools for Brokers, a technology provider in the financial services industry, announced today (Wednesday) its partnership with Broctagon, which provides multi-asset liquidity and full-suite FX solutions. Under the partnership, Broctagon will integrate Tools for Brokers’ Trade Processor into its ecosystem.
A Strategic Partnership
The aim of the strategic partnership is to enhance Broctagon's clients' experience by streamlining access to liquidity through Tools for Brokers’ Trade Processor liquidity bridge. According to the official press release shared with Finance Magnates, the integration will reduce the steps required for Broctagon's clients to access liquidity.
“We are confident that their liquidity combined with our technology will provide the most effective product for our clients,” said Alexey Kutsenko, the CEO at Tools for Brokers.
Enhancing Technology Offering
Tools for Brokers is a trading industry technology provider offering turnkey solutions to brokers. Its clients include hedge funds and prop trading firms. Last September, Tools for Brokers partnered with Red Acre to launch an end-to-end solution for prop trading firms, targeting both existing players and newcomers.
Trade Processor is the flagship liquidity bridging and gateway solution of Tools for Brokers. The company detailed that the solution offers advanced order aggregation and execution, flexible configuration, and built-in risk management and reporting for compliance and internal use. Furthermore, a PAMM money management solution is integrated within the Trade Processor.
“Our collaboration with Tools for Brokers not only improves our routing and delivery of over 1800 financial instruments but also resonates with our core objective of providing innovative solutions tailored to our clients' evolving needs,” Don Guo, the CEO at Broctagon, said.
“This partnership solidifies both firms’ dedication to driving client success.”
Meanwhile, Tools for Brokers shuffled its top management last November with internal promotions. It named Albina Zhdanova as the new Chief Commercial Officer and Vladimir Viuchejskiy as the Chief Operating Officer.
