Tools For Brokers has enhanced its Percentage Allocation Management Module (PAMM) service, which enables money managers to trade for investors and receive a commission for management and/or for execution.
The multi-component system attracts experienced traders and investors to trade for other clients, in a process that increases trading volumes. Investors have the opportunity to create a personal account in which they can choose a money manager; supporting multiple accounts, PAMM provides statistics for individual accounts or for all accounts at once, both in real-time and for past performance.
Tools for Brokers provides managers with tools to track statistics, ratings, and reviews from investors in real-time in order to both stimulate activity and increase efficiency.
The PAMM service works with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and offers the functions and features of a traditional percentage allocation management tool. Its performance, however, may be significantly faster and efficient as data is processed and calculated in a database separate from the MetaTrader platform. Information can be imported from multiple MetaTrader servers into a single PAMM database, making the system highly customizable, and easily integrated
with existing CRM and back-office operations.
Alexey Kutsenko, CEO of Tools For Brokers, said: “Money managers can access all of MT4’s functionalities through the system. But, by offering access to real-time analytics in simple
graphical displays and statistical breakdowns, PAMM significantly increases the efficiency of their work. Investor accounts and the accompanying calculations – of equity or profit, for example – are
stored and processed in an external database, separate to a MetaTrader trading platform. This enables PAMM to operate far beyond that platform’s technical capability, processing several times more trading operations than MetaTrader 4 could over the same time period. By allowing investors to connect to and disconnect from accounts based on performance, PAMM will ultimately improve the overall efficiency of the management they receive.” Tools for Brokers offers the opportunity
to upgrade and transition from its Ultimate Multi-Account Manager (UMAM) plugin to the PAMM system.
Tools For Brokers has recently included the basic version of Brokers’ Business Intelligence in the company’s Gold package. The data provided by the tool are designed to make it easier for brokers to determine types for clients and display business analytics in user-friendly charts. The product can display 8 core benchmarks and trading results across 16 different graphs. Its analysis can cover any period past or present, with options to export statistics to Excel and display charts as PDFs. Sharing reports with colleagues and using data in other formats is seamless, giving brokers more flexibility.