Tools for Brokers Launches TCA Tool ‘Terminal Cost Overview’

Tools for Brokers, a software developer for FX brokers, has launched analytics for trading costs on its B2B solution of foreign exchange trading platform MetaTrader 4.

Known as Terminal Cost Overview, the service acts similar to transaction cost analysis (TCA) providing traders with the ability to assess trading data, including comparisons of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers. The new tool provides traders with a full picture of their costs for spread, commissions, and swaps before they make a trade, Tools for Brokers said.

The company explains that as new regulation heightened conduct standards, investors are now paying closer attention to their execution performance. The TCA tool uses MetaTrader 4 Manager API to connect to the MT4 server.

Developed to offer greater transparency and to improve traders’ abilities to meet best execution requirements, the solution pulls in current trade and account data for up to 25,000 separate accounts, and displays it in a dedicated dashboard on the client-server, refreshing the data every 60 seconds.

A growing focus on FX best execution

The latest development follows on the heels of several years’ experience in which the company engineered MT4 plugins for a wide range of financial service venues.

Established in 2009, Tools For Brokers provides software solutions to brokerage firms in the foreign exchange and cryptocurrency trading. The company is also a provider of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term utilities such as a Broker Business Intelligence (BBI), which gives additional instruments for analysis and reporting across MT4/MT5 platforms.

Earlier last week, US electronic market maker Virtu Financial Inc also launched a similar TCA tool to help traders better monitor their transaction costs when trading foreign exchange and fixed income markets.

Commenting on this, Albina Zhdanova, COO at Tools For Brokers, said: “The foreign exchange industry is highly regulated. While regulations differ from country to country, having full visibility of costs allows traders to make transactions safe in the knowledge that they’re fully compliant, wherever they’re located.”

She added: “The level of transparency that Terminal Cost Overview offers will always be attractive to traders. It means there can never be any surprises - with commission, for example - that could affect the return on their transactions.”