MT Proxy launched solutions to reduce broker latency by up to 40%. This will be achieved through integrating with Tool for Brokers.
Tool for Brokers is taking steps to improve its products and services in the financial sector. A partnership between MT Proxy and Tools for Brokers will bring proxy server solutions through a liquidity bridge software. This will enhance the trading experience by improving speed and efficiency. The solutions provided by MT Proxy allegedly reduce broker latency by up to 40%.
A perfect fit
The new partnership between the two firms will be a perfect fit, according to the statement given by Kent Riboe, the Managing Director of MT Proxy. The director also stated that Tools for Brokers was a leader in the industry and would be a perfect fit for creating a scalable trading infrastructure. Tool for Brokers uses cutting-edge technology to reduce latency in the market for brokers.
Collaborating with MT Proxy will also ensure that brokers will have an innovative and robust solution that will also reduce latency to clients. The combined services will increase the speed at which brokers process transactions and connect with their clients.
Enhancing the ecosystem for Brokers
Tools for Brokers comes with ready solutions that will reduce latency for brokers. The platform had earlier announced the launch of a complete ecosystem that would be built purposefully for brokers. In addition, the company had also extended the support offered to brokers by providing forex trading over the weekend. This offering would increase trading hours for brokers and help them meet the increasing market demand.
Besides, Tools for Brokers has also been looking for a way of increasing a worldwide reach. This has been working for a few years, and one remarkable stride the firm has taken is opening an office in Bangkok to expand its reach in the Asian region.
Albina Zhdanova, the Chief Operating Officer, stated that the increased market activity reported in 2021 would progress, given that more brokers and clients were joining the market.
The COO also commented on how the market had considerably changed, causing a high intolerance for transaction delays and errors. Brokers are constantly being pressured to offer top-notch services that will maintain a competitive edge. To achieve this, Tool for Brokers was looking into collaborating with MT Proxy to provide viable and credible solutions by significantly reducing broker latency.