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LP 1
LP 2
LP 3
Aggregator Bridge
MT4
MT5
Currenex
Others
Picture 1. Overall Structure
FIX Connector
Roadmap for Forex brokers
We put together this document as a roadmap for Forex brokers who wants to advance in Forex business.
Who we are? We are specializing in custom solutions for brokers, traders, signal providers and money managers.
Regardless of the platform that you use we can build a solution for you. 80% of the success in Forex is technology. If you
underestimate the role of the technology, you are on the wrong side of Forex.
We can divide all technology in two groups: Operational software and Client retention. Where operational helps you to
make money in more sufficient way and Client Relation software helps you to bring new clients.
Here is how Operational part looks like:
As you can see on the picture it all starts with Liquidity Provider.
Liquidity Provider.
Why is it so important to have good Liquidity Provider or a Prime Broker? Liquidity Provider (LP) will give you executable
data feed that you can feed your platform with and in case if you do not (or cannot) hold the risk of open position, you
can “clear your risk” by opening similar position at your LP. If your brokerage is well capitalized and you have enough
clients to create enough trading flow, the best place to go would be one of the big banks that is also providing
institutional feed. Sometimes big banks are pulling together feed from other banks and brokers (acting as a Prime
Broker) which will allow you to see negative spread 0.2 on EURUSD. If you low on funds, you can go to one of the
reputable forex brokers. You will lose on spread but it is better than nothing.
Fix Connectors.
Every LP or Prime Broker that works with institutional clients uses FIX protocol to allow connection to their data feed.
Even though FIX is standardized protocol it still needs to be tuned to work properly and basically this is what FIX
connectors will do.
Aggregator
If you have more than one LP or you plan to get more than one LP, it would be a good idea to make one of them your
Prime Broker. Aggregator will find best Bid and best Offer and create a feed flow where Bid can come from one LP and
Offer will come from another, while Prime Broker will take care of trade reconciliation.
Bridge
This is a module where trading platforms and your LP are connected. Thus it is the best place to integrate other modules
such as Dealing (Risk Manager), Feed manager, Trade DB, Tick DB and Virtual Dealer. The names of the modules can be
different from brokerage to brokerage but they all have the same purpose, plus or minus.
Trade DB
This Database is used to collect all trades in certain, consistent format. Since different trading platforms can use
different “trade logic” (MT logic vs Currenex logic) the DB has a script that captures all trades and transforms it into
certain format. Consistent format is useful in connecting other services to the trading data. The good example is Multi-
level IB platform that will work.
MT4 Bridge with dealing functionality
The Bridge allows you to clear risk from trading accounts that you cannot hold in-house. Exciting features,
easy installation.
• Easy install. Just a DLL that goes to your MT4 server.
• No MT4 server restart when changing A-B books.
• View Positions, Orders, Exposure.
• You can keep your existing MT4 groups.
• Clear to any MT4 account of your choice.
• Highlight trading accounts to watch.
How bridge works
If you have a client on B-Book and you identified that this account needs to be cleared (copied 100%). Simply
“Switch Groups” to A-Book and Submit. Next position will go to your clearing account. Additionally you can
choose the option to “Clear OP to Clearing account Now” and all existing positions of this client will be sent to
clearing account. This option is good when a client has negative floating P/L and you think that market can
make come back. Just lock that profit in.
If you have an A-Book client that you think you can handle the risk in-house. Choose “Switch Groups” to B-
book and next position will be kept in-house. Additionally, if you want all his existing position to be switch to
in-house mode choose “Close OP for this account on Clearing
NOW” and all positions that are open on clearing account for this account will be closed at market price. This
option is good when you think that your client proved to have loosing strategy and you want to keep all those
loses.
Below are some views that are available for managers to help them to manage the risk.
List of Accounts
List of Orders
Log
Groups
MT4 Bridge F.A.Q.
Q. How bridge can help my brokerage to get more profit?
A. By switching between A and B books without server restart and using other proprietary functionality a Broke can reach new level
of the profit without affecting clients’ execution.
Q. Many bridges are offering connect to Liquidity Provider via FIX, but our Liquidity Provider is on MT4, can we still use your bridge?
A. Yes, our bridge can be connected via FIX or simple MT4 account.
Q. Our Brokerage has only MT4 server, do we need anything else to use this bridge?
A. No, our bridge is done in the way of the plugin to your MT4 server.
Q. Do you charge fee per trade?
A. No, we charge one time fee.
Q. What information I will get in the bridge?
A. Our bridge has multiple Tabs with different information to make life of Risk manager much easier.
Q. Can I connect multiple Liquidity Providers.
A. Yes, you can connect multiple liquidity Providers either MT4 or FIX.
Professional PAMM solution
PAMM (Percent Allocation Money Management) is the solution that allows money managers to manage
clients’ funds in simple and transparent way. By offering this solution to clients, the broker would be able to
boost a flow of new clients in natural way. The solution contains PAMM Trader, PAMM Investor and PAMM
Agent functionality. PAMM Trader
Any MT4 trader can become a PAMM Trader. After simple sign up, all trades (EA and Manual) will be shown in
Monitoring page allowing all clients to search the list of Traders based on different criteria. Clients can even
drill it down to the detailed performance of each PAMM Trader. After registering the Trader can access
Traders Portal to set up different strategies, see the list of investors and agents. Also, in the Portal, the trader
can accept new investments. PAMM Investor
When search is finished and client made the decision to invest into particular trader, the client needs to fill out
a simple form and become a PAMM Investor. The registered Investor is equipped with the Portal where
he/she is able to see more details of trader’s performance, invest and withdraw money, watch the
performance in real-time. The list of all current and past investments is also available in Portal. The investment
is processed as a transfer between investor MT4 account and trader MT4 account. The investment starts
working right after it hits Trader’s account and Trader open a new trade. The investment and profit
withdrawal can be done at any given time via request in Portal. PAMM Agent
The Agent introduces Investors to Traders and gets paid as a part of the profit on all introduced clients. First,
the Trader sets up a payout to all agents based on the individual strategy. Once payouts are set, the system
creates personal links for agents, so when a client invests into Trader, the system can identify the agent so
later the system can initiate the payment.
Social Trading Network
Social Trading Network the only Social network that allow its users to make money or to learn how to make
money by simply following profitable Traders. The platform that we offer can be used by brokers to build
network within one broker or by people who is interested in building Global Social Trading Network. As any
network the Social trading network starts with robust monitoring tool where users or just visitors can see the
performance of all registered Providers (Traders). By drilling down the performance of each Provider the user
can find performance statistics and details. This information is useful when a user makes a decision which
Provider to pick to follow.
The Network is open to any client who wants to become a Provider. Simple sign up with MT4 credentials will
put a trader in the position of being exposed to thousand or even millions Network visitors and users. The
Social Trading Network is mutually beneficial for both parties, the Provider and Follower. The Provider gets
extra income for the job he is doing anyway and Follower gets Providers trades for a small cost. Our platform
allows both parties to be connected by simple MT 4 credentials to enjoy the true value of Social
Network. Once connected, the Follower can adjust the size of the lot and other settings that will suite his/her
risk and reward appetite. Our Social Trading Network platform is easy and intuitive to use by the
administrators and users that assures pleasable experience in running it and using it.
Multi Level IB Platform
Whether you are a successful broker or just a start up, you are always chasing new clients. You set up
marketing campaigns, you are giving away bonuses and free stuff but there is one thing that you may be
missing – your IBs. One of the most powerful instruments when you are trying to attract new clients is to make
your IB comfortable bringing their business to you. And besides a good rebate payout you need to have a
robust, transparent Multi-level IB platform that will allow you to set up different levels of IB rebates and profit
sharing.
The IB platform offered by BJF Trading Group Inc has a few distinctive advantages.
• Multi-trading platform
• Unlimited IB levels
• Unlimited WL levels
• IB rebates, Commissions or Profit sharing based payouts
• PHP Admin or integration with your existing CMS or CRM
• No monthly or per trade fees
• Once we built it you own it
MT4 MAM
The MAM plugin is especially useful for money managers if they manage clients account utilising EAs.
Furthermore all processing is centralised and server based – a really great advantage over other possible
solutions. it’s really great benefit that can offer the broker to money manager.
The MT4 MAM software has a user friendly interface and includes the following features:
• Supports an unlimited number of MetaTrader 4 trading accounts
• Provides an overview of open trades, balances and margin levels on numerous accounts
• Bulk order execution for instant allocation to sub accounts
• Partial close of orders by Master account execution
• Full SL, TP & Pending order functionality
• Allows MT4 Expert Advisor
• Live order management from within MAM
Allocation methods:
• Lot Allocation
• Percent Allocation
• Proportional by Balance Allocation
• Proportional by Equity Allocation
• Equity Percent Allocation
• Allocation by Equal Risk
Contact information:
Web: http://programmingmt4.com/for-forex-brokers/
Email: support@programmingmt4.com
The live presentations are available by request.

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Roadmap for forex brokers

  • 1. LP 1 LP 2 LP 3 Aggregator Bridge MT4 MT5 Currenex Others Picture 1. Overall Structure FIX Connector Roadmap for Forex brokers We put together this document as a roadmap for Forex brokers who wants to advance in Forex business. Who we are? We are specializing in custom solutions for brokers, traders, signal providers and money managers. Regardless of the platform that you use we can build a solution for you. 80% of the success in Forex is technology. If you underestimate the role of the technology, you are on the wrong side of Forex. We can divide all technology in two groups: Operational software and Client retention. Where operational helps you to make money in more sufficient way and Client Relation software helps you to bring new clients. Here is how Operational part looks like: As you can see on the picture it all starts with Liquidity Provider. Liquidity Provider. Why is it so important to have good Liquidity Provider or a Prime Broker? Liquidity Provider (LP) will give you executable data feed that you can feed your platform with and in case if you do not (or cannot) hold the risk of open position, you can “clear your risk” by opening similar position at your LP. If your brokerage is well capitalized and you have enough clients to create enough trading flow, the best place to go would be one of the big banks that is also providing institutional feed. Sometimes big banks are pulling together feed from other banks and brokers (acting as a Prime Broker) which will allow you to see negative spread 0.2 on EURUSD. If you low on funds, you can go to one of the reputable forex brokers. You will lose on spread but it is better than nothing. Fix Connectors. Every LP or Prime Broker that works with institutional clients uses FIX protocol to allow connection to their data feed. Even though FIX is standardized protocol it still needs to be tuned to work properly and basically this is what FIX connectors will do. Aggregator If you have more than one LP or you plan to get more than one LP, it would be a good idea to make one of them your Prime Broker. Aggregator will find best Bid and best Offer and create a feed flow where Bid can come from one LP and Offer will come from another, while Prime Broker will take care of trade reconciliation. Bridge This is a module where trading platforms and your LP are connected. Thus it is the best place to integrate other modules such as Dealing (Risk Manager), Feed manager, Trade DB, Tick DB and Virtual Dealer. The names of the modules can be different from brokerage to brokerage but they all have the same purpose, plus or minus.
  • 2. Trade DB This Database is used to collect all trades in certain, consistent format. Since different trading platforms can use different “trade logic” (MT logic vs Currenex logic) the DB has a script that captures all trades and transforms it into certain format. Consistent format is useful in connecting other services to the trading data. The good example is Multi- level IB platform that will work. MT4 Bridge with dealing functionality The Bridge allows you to clear risk from trading accounts that you cannot hold in-house. Exciting features, easy installation. • Easy install. Just a DLL that goes to your MT4 server. • No MT4 server restart when changing A-B books. • View Positions, Orders, Exposure. • You can keep your existing MT4 groups. • Clear to any MT4 account of your choice. • Highlight trading accounts to watch. How bridge works If you have a client on B-Book and you identified that this account needs to be cleared (copied 100%). Simply “Switch Groups” to A-Book and Submit. Next position will go to your clearing account. Additionally you can choose the option to “Clear OP to Clearing account Now” and all existing positions of this client will be sent to clearing account. This option is good when a client has negative floating P/L and you think that market can make come back. Just lock that profit in. If you have an A-Book client that you think you can handle the risk in-house. Choose “Switch Groups” to B- book and next position will be kept in-house. Additionally, if you want all his existing position to be switch to in-house mode choose “Close OP for this account on Clearing NOW” and all positions that are open on clearing account for this account will be closed at market price. This option is good when you think that your client proved to have loosing strategy and you want to keep all those loses.
  • 3. Below are some views that are available for managers to help them to manage the risk. List of Accounts List of Orders
  • 4. Log Groups MT4 Bridge F.A.Q. Q. How bridge can help my brokerage to get more profit? A. By switching between A and B books without server restart and using other proprietary functionality a Broke can reach new level of the profit without affecting clients’ execution.
  • 5. Q. Many bridges are offering connect to Liquidity Provider via FIX, but our Liquidity Provider is on MT4, can we still use your bridge? A. Yes, our bridge can be connected via FIX or simple MT4 account. Q. Our Brokerage has only MT4 server, do we need anything else to use this bridge? A. No, our bridge is done in the way of the plugin to your MT4 server. Q. Do you charge fee per trade? A. No, we charge one time fee. Q. What information I will get in the bridge? A. Our bridge has multiple Tabs with different information to make life of Risk manager much easier. Q. Can I connect multiple Liquidity Providers. A. Yes, you can connect multiple liquidity Providers either MT4 or FIX. Professional PAMM solution PAMM (Percent Allocation Money Management) is the solution that allows money managers to manage clients’ funds in simple and transparent way. By offering this solution to clients, the broker would be able to boost a flow of new clients in natural way. The solution contains PAMM Trader, PAMM Investor and PAMM Agent functionality. PAMM Trader
  • 6. Any MT4 trader can become a PAMM Trader. After simple sign up, all trades (EA and Manual) will be shown in Monitoring page allowing all clients to search the list of Traders based on different criteria. Clients can even drill it down to the detailed performance of each PAMM Trader. After registering the Trader can access Traders Portal to set up different strategies, see the list of investors and agents. Also, in the Portal, the trader can accept new investments. PAMM Investor When search is finished and client made the decision to invest into particular trader, the client needs to fill out a simple form and become a PAMM Investor. The registered Investor is equipped with the Portal where he/she is able to see more details of trader’s performance, invest and withdraw money, watch the performance in real-time. The list of all current and past investments is also available in Portal. The investment is processed as a transfer between investor MT4 account and trader MT4 account. The investment starts working right after it hits Trader’s account and Trader open a new trade. The investment and profit withdrawal can be done at any given time via request in Portal. PAMM Agent
  • 7. The Agent introduces Investors to Traders and gets paid as a part of the profit on all introduced clients. First, the Trader sets up a payout to all agents based on the individual strategy. Once payouts are set, the system creates personal links for agents, so when a client invests into Trader, the system can identify the agent so later the system can initiate the payment. Social Trading Network Social Trading Network the only Social network that allow its users to make money or to learn how to make money by simply following profitable Traders. The platform that we offer can be used by brokers to build network within one broker or by people who is interested in building Global Social Trading Network. As any network the Social trading network starts with robust monitoring tool where users or just visitors can see the performance of all registered Providers (Traders). By drilling down the performance of each Provider the user can find performance statistics and details. This information is useful when a user makes a decision which
  • 8. Provider to pick to follow. The Network is open to any client who wants to become a Provider. Simple sign up with MT4 credentials will put a trader in the position of being exposed to thousand or even millions Network visitors and users. The Social Trading Network is mutually beneficial for both parties, the Provider and Follower. The Provider gets extra income for the job he is doing anyway and Follower gets Providers trades for a small cost. Our platform allows both parties to be connected by simple MT 4 credentials to enjoy the true value of Social Network. Once connected, the Follower can adjust the size of the lot and other settings that will suite his/her risk and reward appetite. Our Social Trading Network platform is easy and intuitive to use by the administrators and users that assures pleasable experience in running it and using it.
  • 9. Multi Level IB Platform Whether you are a successful broker or just a start up, you are always chasing new clients. You set up marketing campaigns, you are giving away bonuses and free stuff but there is one thing that you may be missing – your IBs. One of the most powerful instruments when you are trying to attract new clients is to make your IB comfortable bringing their business to you. And besides a good rebate payout you need to have a robust, transparent Multi-level IB platform that will allow you to set up different levels of IB rebates and profit sharing.
  • 10. The IB platform offered by BJF Trading Group Inc has a few distinctive advantages. • Multi-trading platform • Unlimited IB levels • Unlimited WL levels • IB rebates, Commissions or Profit sharing based payouts • PHP Admin or integration with your existing CMS or CRM • No monthly or per trade fees • Once we built it you own it MT4 MAM The MAM plugin is especially useful for money managers if they manage clients account utilising EAs. Furthermore all processing is centralised and server based – a really great advantage over other possible solutions. it’s really great benefit that can offer the broker to money manager. The MT4 MAM software has a user friendly interface and includes the following features: • Supports an unlimited number of MetaTrader 4 trading accounts • Provides an overview of open trades, balances and margin levels on numerous accounts • Bulk order execution for instant allocation to sub accounts • Partial close of orders by Master account execution • Full SL, TP & Pending order functionality • Allows MT4 Expert Advisor • Live order management from within MAM Allocation methods: • Lot Allocation • Percent Allocation • Proportional by Balance Allocation • Proportional by Equity Allocation • Equity Percent Allocation • Allocation by Equal Risk
  • 11.
  • 12. Contact information: Web: http://programmingmt4.com/for-forex-brokers/ Email: support@programmingmt4.com The live presentations are available by request.