3 Forex Back Office Trading Software Provider 2022: Top Back Office for Brokers ️

By: Flaka Ismaili    October 7, 2022

MX.3 streamlines the full hedge accounting process end-to-end, be it micro-hedge or macro-hedge, with a broad coverage of hedge types (e.g., fair value hedge, cash flow hedge, net investment in foreign currency hedge). First, it saves costs by maximizing automated STP processes and reducing manual intervention to where it adds value. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. • A resilient, scalable architecture provides support and ensures predictable response time, whatever the trading activity, avoiding down time in volatile markets. The analytics and payoffs catalog can be enriched with the MX.3 software development kit . Clients are empowered to respond rapidly to market opportunities and run exotic books.

Allowing partners to directly access your software will make it easier for them to do their jobs, and using the software to ensure they’re paid the correct amount will help you retain good IBs. Back office forex software should make it easy to store and maintain clients’ information and personal data. You should be able to create a new client profile quickly and make updates to it without much hassle. Forex software providers will all tell you that they have everything you need. Before you sign-up for their services, you need to make sure they’re really offering comprehensive back-office functionality.

Get Control Over Your Hedge Program

There are several reasons why brokerages need a Forex CRM. They perform many functions including simplifying compliance, removing manual workload and ensuring a brokerage is operating effectively at all times. Implementing a good Forex CRM means that your team can instead focus their efforts on increasing business profit rather than manually processing leads, documents or checking over reports by hand. With B2Core, your teams are able to automate time consuming tasks thereby speeding up the sales process, so you can process and deal with clients more quickly and efficiently.

The same applies to the user’s activation and sales because the custom trading terminal can have widgets for depositing funds and make the process of topping up an account smoother. In order to upgrade to a higher package you just need to inform the account manager about your decision and it will be taken care of from there. However, in order to downgrade from one package to another, you need to inform our team 2 month prior. B2Core updates are first deployed to the staging environment for client testing and proceed to production deployment only after approval. This is done to minimize the risk of bugs on production and is a scheme that will make your product the most stable on the market. Allow your clients to protect their account and all the data there by simply connecting to Google Authenticator.

More Interesting Integrations

Secondly, having our Forex Back Office Software, you can easily increase the efficiency of your brokerage business by simplifying the complex functionalities of the business. Once connected, you get a fully controlled system that allows you to securely receive end-user funds, as well as provide you detailed reports and analytics, and much more. Partnership programs are one of the best ways to attract new clients to your platform, as well as to increase the traded volumes. However, the functionality of the administrative module must be properly configured to implement these programs and withstand the possible influx of activity. You need to consider your goals and objectives before deciding which one is right for you. Purchasing the right back office platform helps future proof your brokerage.

  • Strive to provide your clients access to authorization not only through email, but also via social media integrations, including the most popular like LinkedIn, Twitter, Facebook, and other common for your region options.
  • Articles and financial market analysis on this website are prepared or accomplished by an author in his personal capacity.
  • It recognizes that collateral management has become very intertwined with many business functions within financial institutions.
  • Capterra directories list all vendors—not just those that pay us—so that you can make the best-informed purchase decision possible.
  • If you do not find the payment system you need in the list, we can connect it upon request.
  • Back office forex software must include the ability to manage which actions different users can perform.
  • Perhaps most importantly, when you outsource to us, we’ll take away the burden of remaining compliant and we’ll cut out complexity.

That satisfy the most sophisticated demands of financial institutions in Latin America, integrating front, middle and back-office operations. These solutions, built on a profound understanding of Emerging Markets characteristics, can be easily customized following specific client needs. We create and deliver market-leading solutions to help you optimize investment, unlock value and drive growth. Our targeted solutions and services are powered by exceptional people driving innovation at scale.

The affiliate module is the best marketing tool in FOREX and cryptocurrency space. Regulate the funds that are being used by the clients in your banking system. A trading account nominated in any type of cryptocurrency, fast crypto deposits and withdrawals through B2BinPay.

Is There Back Office Software Free of Charge?

Strive to offer bonuses for different types of activities, including registration, passing verification levels, account depositing, and trading performance. You can combine user actions into different sequences, and your clients can receive bonuses based on their actions. There are many back-office solution providers on the market with products that can provide the technical foundation for affiliate activity.

forex back-office software solutions

A good Forex CRM also incorporates a range of useful tools to assist in this process including trading analytic and reporting tools. Make sure that back-office software solutions you employ deliver integrations with the most popular trading platforms on the market if you target the mainstream category of traders. Trader’s room, or, as it is often called, back-office software, is a service indispensable for the activity of any brokerage business. Delivered with a complete library of models, scenarios include collusion, benchmark manipulation, front running, excessive markup alerts and last look in alignment with the FX Global Code. New models can be added and easily incorporated into the comprehensive alert, workflow and case management infrastructure with full contextualized investigation tools.

S, we offer a complete package including the best possible liquidity services through our extensive selection of Tier 1 banks, ECNs and non-bank liquidity pools. We deliver cutting-edge trading and liquidity solutions to the financial industry. Our approach is centred on the continual development of leading technology, custom liquidity solutions and long-term relationships with our partners. With Lumina software, financial institutions can access cutting-edge technology that is fully adapted to market needs at unrivaled costs.

Client financial account management

Before purchasing any back-office tool, ask about permissions and settings around user roles. We process over 20.6 billion account payments transactions each year thanks to our expertise in local markets and international payment methods. With a strong focus on harmonisation and straight-through processing, Swift plays an active role in market practices initiatives and provides expertise, products and services to support best practice.

The solution captures all market, order and trade data from internal and external disparate sources, and 3rd party platforms. At Numerix, we believe that clients’ needs are best served when the systems and services they use work well together. Through the Numerix partner network, clients have access to comprehensive front-to-back solutions built on Numerix’s industry-leading pricing and risk analytics. Cymonz integrates with PEP databases for automatic database name scanning. As PEP matches are made, compliance is alerted and matches can be processed within the application.

The software should also record all the activities of partners and other administrative users so that you can track their work. Currency Exchange software helps businesses in the foreign exchange market manage transactions across multiple currencies in compliance with regulatory standards. The software can maintain updated buy and sell prices, provide information for trade decisions, and manage lending and money transfers.

forex back-office software solutions

Company administrators can also activate second level approval for both currency payments, beneficiary additions or modification and user additions or modifications. Your customers can transfer currency at live market rates or set limit orders to be automatically monitored and executed. You set the currencies available, the margins charged and the hours clients can trade. Your customers are buying and selling currency, specifying payment details in a secure, efficient and competitive environment. A full-service currency and payments platform to grow your FX business cost effectively.

B2Core – Forex CRM for Brokerages and Exchanges.

Increasing competition in the industry means that there is a requirement for a purpose-built platform that is especially designed to meet the precise demands of the Forex industry. There are many CRMs on the market but when running a Forex business, it is important to choose one that is able to specifically handle this kind of work. A good Forex CRM is the heart of a retail brokerage and is a vital tool for the optimal functioning of any business.

P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Powerful KPI reporting for operational risk control and regulatory indicators is provided, as well as statistics on time-to-match, time-to-clear. Regulations have had a dramatic impact across all business processes within capital markets. Growing a FX business requires customized solutions that boost performance and reduce latency.

Outstanding client service

As well as add and manage beneficiaries, view the history of their accounts and manage their account information and users. Integrated with multiple liquidity providers and different FX networks, allowing you to process transactions back to back, removing manual processes and knowing what margin you will make each time a customer trades. Flexible international payment and currency exchange software solutions for feature-rich operation in the international payments industry.

You may not have partners now, but if you want your firm to grow then the back office tools you choose should include features for managing IBs or money managers. Similarly, you may not plan to seek regulatory licensing immediately, but doing so in the future could help you expand your business into new regions. Discover Worldline Payment and Liquidity forex back-office software Management, a software package built for financial institutions that want to modernise their payment infrastructure. Our products integrate into your existing payment platforms and hardware. Macro-level changes are affecting the financial markets on every level, and Financial Market Infrastructures need to respond to the community’s emerging needs.

Our clients

Although KYC requirements may be the most common regulatory rule, there are many others that your firm must fulfill if you are licensed with a regulatory authority like FCA, ESMA, and CySEC. Forex back office software is an excellent solution to the challenges or regulatory requirements. The reports and records the software can produce make it much easier to show regulators how your firm operates https://xcritical.com/ and to obtain the data you’ll need for licensing. We offer both full-service, end-to-end solutions or a more tailored approach. Discover how a rapidly changing financial environment is urging banks to rethink their business strategies and back-end operations. See how the European leader in the payments industry can help you cut costs, boost efficiency and simplify the complex world of payments.