June 27th, 2024 at 9:10 pm UTC · 6 mins read
/B2Broker/ – B2Broker, a leading technology and liquidity provider for brokerage firms, has announced a new update to its crypto spot brokerage solution, B2Trader Brokerage Platform (BBP). The new v1.1 release introduces BBP Prime, an enhanced reporting system and flexible layout template customisation.
Additionally, the new B2Trader update saw the birth of a dedicated BBP iOS application as a new addition to the company’s turnkey solutions. The BBP app offers seamless integration with the B2Core back-office CRM system and provides an outstanding trading experience for iPhone users.
B2Trader v1.1 update introduces several new features and revamped functionalities that benefit brokers and enhance user experience.
The new BBP release offers a new feature that allows the platform to work as a prime broker for other B2Trader brokerage platforms. Linked platforms can hold and top up their balances using BBP Prime, which helps oversee balances on associated liquidity providers’ accounts.
This way, BBP Prime allows brokers to monitor balances on brokers’ accounts, process incoming orders, forward them to LPs/B2Connect, and settle trade. The data exchange in this operation is facilitated through advanced FIX connectivity.
The new BBP update introduces convenient workspace customisation for admins. This feature equips brokers with the ability to personalise templates for workplace layouts, including the default layout that launches when a new trader accesses the trading room for the first time.
Administrators can import saved layouts, export individual templates, and save up to 10 custom layout settings. Admins can access this feature in the “Settings” section on the left menu.
The v1.1 update improves the BBP reporting system to assist brokers in getting an overview of the platform’s performance. This enhancement introduces a new report type that allows admins to have a list of active accounts for a specified period. This report helps administrators assess the growth of their exchange or brokerage.
All reports are conveniently stored in the “Report” button, which simplifies report creation and accessibility.
In the new B2Trader iteration, account selection is available from the “Trading” terminal on the top bar. Once traders switch between profiles, all the widgets will automatically adjust to fit the selected account’s relevant information. This feature is valuable for those managing more than one account, enabling them to track their performance in a simplified manner.
The B2Trader terminal update introduces tabs with customisable workplaces. This functionality enables traders to open up to 10 tabs and manage trades from multiple environments simultaneously. Traders can use pre-saved layouts created by their brokers or develop their custom setups. This way, users can enjoy new ways to organise their trading flow, streamlining it for more efficiency.
Mobile trading is becoming increasingly popular, with 58% of revenue share in global trading markets coming from mobile platforms in 2022, according to the Stock Trading and Investing Applications Market report. This report also expects this trend to continue as the sector is set to reach $150 billion by 2032 from $39.8 in 2023.
With around 7 billion smartphone users around the world, these devices are inevitable for trading activities. Therefore, most of today’s brokers are better off with a dedicated mobile version of their web platform to remain competitive in the industry.
According to this rising trend, B2Broker is expanding its BBP turnkey offerings by introducing a dedicated iOS app, BBP v1.1, that offers all desktop trading functionalities for optimal mobile experience. A comprehensive ecosystem of web trading platforms and a mobile trading app is a must for brokers to offer a complete trading package.
Let’s revise some key highlights of the BBP iOS app:
The BBP app is seamlessly integrated with the B2Core CRM mobile app, offering a single sign-on functionality. This way, users can log in to the B2Core mobile app and directly access the BBP mobile app without having to re-enter their login details.
B2Trader offers multi-account functionality as a key platform feature. The BBP iOS app allows traders to switch between accounts and trade from any of them immediately. The mobile app enables users to view their available and on-hold funds for each account in the “Account Details” screen, offering instant balance monitoring for traders.
The BBP app features an interactive “Market” screen with an intuitive trading interface. Users can access this feature from the “Markets” button on the account details screen. Traders can track customisable real-time charts, change between candle and line charts and find historical price data. There are three tabs for quick access to trading and account information: Order Book, Open Orders, and Balances.
Regarding managing order types, the mobile app supports similar options to those found in the web version: IOC and FOK for market orders and IOC, FOK, GTC, GTD, and Day for limit orders. This comprehensive screen contains crucial information on order types, prices, quantities, and execution times. Moreover, advanced filters help traders find particular orders and streamline their order management more efficiently.
The new iOS mobile app is an integral part of the turnkey solution, which empowers brokers to customise the platform’s colours and themes according to their web design and branding. This approach offers a consistent user experience through the web and mobile platforms.
Moreover, users can switch between the light and dark themes to choose their favourite mode of viewing and trading.
This BBP v1.1 update solidifies B2Broker’s leading role in providing bespoke solutions that meet and exceed users’ expectations. The latest release, including revamped website features and functions and a new iOS mobile application, makes the B2Trader Brokerage Platform an indispensable crypto spot brokerage tool.
The B2Trader platform update and new mobile app offer brokers and their users an unparalleled experience and convenience, allowing them to expand their business offerings or launch a brokerage platform that sets them apart.
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