Tools for Brokers, , announced this Friday that it has introduced automation for its Brokerage Business Intelligence (BBI) platform which allows clients to automatically generate reports for the (CySEC).
The BBI platform is available for both MetaTrader 5 and MetaTrader 5. The solution is a web-based reporting and risk management tool and it is designed to provide brokers with accurate and detailed information about their clients’ trading activity.
The platform aims to give brokers data in an easy to consume format, by creating clear and easy-to-interpret diagrams and charts, the statement released today said. Because of this, the platform allows brokers to analyse its traders’ activity more effectively. Therefore they can make faster decisions and minimise risks.
Tools for Brokers expands BBI solution
Previously, the BBI solution allows users to generate customer and regulatory reports as needed. However, the automation update now allows brokers to create reports regarding the statement of eligible funds, monthly prevention statement and quarterly statistics, sections D(1), D(2), E, F.
Commenting on the new features, Alexey Kutsenko, CEO of Tools for Brokers, said: “Whether it’s for regulatory compliance, to inform marketing efforts, or for better risk management, reporting is an essential part of any broker’s job. But producing these reports can be time-consuming.”
The BBI platform is available for brokers on a subscription basis. The technology company recommends that BBI be used in conjunction with its Trade Processor, so that each report contains a full analysis of the maximum data available.
“With the introduction of automation, the latest version of BBI enables brokers to quickly and efficiently run a range of reports,” Kutsenko added. “This frees up their time and allows them to focus more on their day-to-day work, secure in the knowledge that each report is accurate, detailed, and fully compliant with the appropriate regulations.”
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