Roll with the Market using Dynamic Profiles: Your Bourse’s Latest Feature

Introduction

If you are a forex broker, you know that precision and agility are key to your management as well as your earnings. What if we told you that Your Bourse has just released the latest and most sophisticated feature that will not only help you overcome your typical operational hurdles, but will help you use certain market conditions to your advantage? In this article we will explain what the feature does as well as provide some of the use cases our team thought of when crafting the tool. 

What does the Dynamic Profiles feature do?

Dynamic Profiles is a smart feature that allows brokers to create, configure, and schedule various profiles for markup, routing and risk management settings. With this powerful tool, you can adjust your trading infrastructure to better respond to market conditions and client needs. Dynamic Profiles offers, in essence, the chance to apply dynamic configuration settings to your platform, according to certain behaviours of your traders as well as market volatility. All this translates into efficiently optimised operations - at all times. 

Dynamic Profiles Key Features

Current State and Custom Profiles: The current state reflects your real-time markup and routing configuration, providing a snapshot of your existing settings. Custom profiles, on the other hand, allow you to adjust these settings, apply new ones and even schedule them for specific time frames, offering granular customisation and control over your brokerage operation.

Easy Access: We made it very straightforward - you only have to navigate to the “Trading Infrastructure” section in your Your Bourse dashboard. From there, select “MT4 bridges and MT5 gateways,” click “Manage” on the desired bridge or gateway, and proceed to “Configuration.” More detailed steps are available under the ‘Setting up’ section.

Comprehensive Configuration Options: Dynamic Profiles offers a wide range of configurable parameters, including Bid Markup, Ask Markup, Minimum/Maximum Spread, Target Spread, Volume-Based Markup, Primary Liquidity Pool, Negative Spread Rejection, Negative Spread Markup, and Spread Betting and more. This minutious level of control enables you to fine-tune your trading environment, creating optimal conditions for both you and your traders. 

Use Cases

Here is how you can make your platform better respond to market shifts and client needs, with the help of Dynamic Profiles.

Battling Market Volatility

Challenge: Market volatility can surge during major economic announcements, leading to excessive slippage and unstable trading conditions.

Solution: With Dynamic Profiles, you can proactively widen spreads during these volatile periods, safeguarding your clients from market turbulence. For example, schedule a profile with adjusted markups for a period following a significant news release. This provides a smoother trading experience for your clients, even in the most challenging market conditions.

Optimising Liquidity Management

Challenge: Different liquidity providers offer superior pricing during specific trading sessions, but manually switching between them is inefficient and time-consuming. 

Solution: Dynamic Profiles automates this process, allowing you to switch between liquidity pools based on the time of day. For instance, you may set up custom profiles to connect to a European liquidity provider during the London session and switch to an Asian provider during the Tokyo session. This ensures that your clients always have access to the best available pricing, which improves their trading experience and your brokerage's competitiveness.

Managing Toxic Flow with Subtlety:

Challenge: A subset of clients may engage in toxic behaviour such as scalping during high-volatility periods, disrupting market stability and impacting overall trading conditions.

Solution: Implement delay settings using Dynamic Profiles to introduce a slight execution delay for these clients during volatile hours. This subtle adjustment helps maintain fair trading conditions without penalising other clients. For example, apply a delay to accounts identified as scalpers, ensuring a balanced and stable trading environment for all.

Setting up your Dynamic Profiles

Go to the “Trading Infrastructure” section in your Your Bourse dashboard.

Select “MT4 bridges and MT5 gateways” and click “Manage” on the desired bridge or gateway.

Click on “Configuration” to start creating and scheduling your custom profiles. Here, you can adjust a wide range of parameters to tailor your trading environment to your specific needs and market conditions.

See the short clip below

The Your Bourse Advantage

The Dynamic Profiles feature is for brokers who want a competitive edge. This sophisticated tool helps you work around market volatility, optimise liquidity management, and handle toxic flow with better ease and precision.

Conclusion

Your Bourse technology undoubtedly pushes you to stay ahead. Benefit from utmost control and flexibility, to make the most of your brokerage business with Dynamic Profiles. Better, fairer and more controlled trades equal better satisfaction for yourself and your clients. We hope the Dynamic Profiles feature we launched will help you achieve just that.