- Slippage Configuration: Brokers can now set independent rules for positive and negative slippage absorption during A-book execution
- Market Depth Snapshots: Order processing now captures market depth data to support execution quality investigation and informed operational decisions
- Randomised Markup Option: New feature automatically varies bid and ask markups within configured ranges and intervals, with independent control per side
Tools for Brokers (TFB), a liquidity bridge and brokerage technology provider, has released enhancements to its Trade Processor platform designed to give brokers greater control over execution costs, pricing delivery, and fill analysis. The updates address operational pain points around slippage management, market transparency, and dynamic pricing.
The slippage management functionality allows brokers to configure how costs are handled in both directions, enabling more precise execution policies and control over how much positive slippage passes through to traders. This granularity helps firms optimise their cost absorption strategies and improve profitability on individual trades.
Market depth snapshots captured during order processing provide brokers with additional context when investigating individual fills. This transparency supports more detailed assessments of execution quality and enables data-driven operational improvements based on real market conditions at the time of trade.
The randomised markup feature reduces the need for manual price adjustments while maintaining control over price delivery. Brokers can apply the same markup to both bid and ask sides or adjust each independently, adapting pricing to their specific operational and risk management requirements.
