KJ Glovice FX, a foreign exchange and commodity broker, has deployed a product suite made by Takeprofit Tech, a fintech software provider, to bolster against trading risks.
Takeprofit Tech in a press statement shared with Finance Magnates said on Thursday that it had executed the solutions on KJ Glovice FX’s MetaTrader 4 trading platform.
According to the statement, the product suite includes Event Logger, Quote Monitoring, Quote Watcher and Swap Manager.
Takeprofit Tech explained that while the Event Logger captures events within a specific account’s balance, the Quote Monitoring tool tracks pricing and trading server performance and reports any developing issue to the broker.
The Swap Manager, on the other hand, allows for the easy configuration of daily swap data to a broker’s server.
In addition, the Quote Monitoring and Quote Watcher help to improve the resistance of market risks.
‘Good Risk Management’
KJ Glovice FX in the statement explained that it opted for Takeprofit Tech because its plugin package is very flexible.
“We can freely combine the list of plugins,” it added.
“Takeprofit offers us good risk management solutions for monitoring the market. Having the partnership is helping us to manage our plugin and increase our MT4 client service,” the forex broker further explained.
Moreover, KJ Glovice FX noted that Takeprofit Tech’s Swap Manager is very suitable for its need to configure its daily swap data to its server.
Diana Peip, the Head of Sales of Takeprofit Tech, noted that the fintech software company is happy to onboard KJ Glovice FX.
“Since forex trading entails taking considerable financial risks, securing one's own business makes the broker more reliable and reputable,” Peip explained.
The recently-appointed sales director added that Takeprofit Tech was looking forward to “mutually beneficial cooperation” with KJ Glovice FX.
Takeprofit Tech in the Industry
Over several months, Takeprofit entered various partnerships with different financial companies.
The software developer, which integrated its liquidity hub’s order management system with Binance’s in September last year, recently expanded its partnership with the cryptocurrency exchange giant.
The fintech industry software provider in a statement issued in April explained that forex brokers who connect to Binance through its hub will receive some additional functionalities.
Similarly, Takeprofit Tech recently partnered with Arab Capital Markets, a Turkish forex broker.
Arab Capital Markets described the collaboration as an important step towards the development of quality services for its clients.
