Software developer Tools for Brokers has announced the launch of a new plugin for brokers using the MetaTrader 5 suite by MetaQuotes. The Swap Changer application enables the automation of the process of changing the swap rates that brokers charge their clients.
Tools for Brokers is gradually expanding its products list for MetaTrader 5
Typically when a central bank adjusts interest rates, every brokerage has to update the swap rates it charges on the select currency corresponding to the rate change.
That results in changes across the platform that can be time consuming for dealer room employees. More importantly, ... (read more)