How to expand a brokerage business

with Protrader's IB functionality

„Retail Brokers On-Boarding Process”

Alex Makhnitskyi, PFSOFT

PRESENTER

6 years experience in software development

managing platform implementation

managing on-boarding process

Alex MakhnitskyiHead of Technical Support

India

Ukraine

China

Poland

Trading software developer

Protrader multi-asset solution

For banks and brokers

In business since 2003

80 employees in 4 offices

PFSOFT

Type of brokers

On-Boarding Process

1. Discuss deployment architecture

2. Server side deployment

3. System Configuration

4. Testing of failover & disaster recovery

5. Integrating with 3rd party systems

6. Front-End configuration, publishing (iOS/Android/Web/Win/Mac)

7. Testing application

8. Performance testing

9. Live Testing

10. Additional development

1. Deployment architecture

How many environments do we need?

Live

Demo

UAT (Beta Testing)

UAT (Production Acceptance Testing)

Do we really need 2 UAT environments?

Software Provider does not have access to Production Environment

Complicated structure of Production Environment

Client does not «like» frequent updates

2. Server deployment

3. System configuration

1. Connection with Liquidity/Market Data/News providers

2. Trading Rules (Order Types, TIFs)

3. Instruments, Assets, Cross rates, Trading Sessions

4. Default User Group settings, Permissions

5. Commissions, Spreads, Swaps, Markups, Interest on Balance, Margin, Market Data Charging,...

6. Monitoring (hardware, app. services)

7. Emails, SMS

and more..

4. Failover & Disaster Recovery Testing

5. Third Party Integration

6. Front-End configuration, publishing

7. Application testing

8. Performance Testing

Commission Settings

1 commission 5 commissions

Orders Execution Time

9. Live Testing

SUM UP

Brokers do not have technical skills (usually)

Consider proper number of environments

Initial proper configuration is important

Configuration affects performance

Use technology for process automation

Control on-boarding process

Questions?

Thank you! I would be happy to answer your questions.