Proxy Broker is a server mode where it redirects users’ trading orders to external marketplace without to use consolidated account. Connection to external marketplace is established by occurs using user credentials on that marketplace. For each connection a separate trading session is created. Credentials in Market Logic BackOffice are complementary and used for information purpose.
User authentication is executed on the outer resource and the authorization itself is done by Market Logic Server. Trading account linked to authorization credentials within Market Logic platform has informational function, so margin calculation and risk control is not executed and Stop Out event never occurs.
Every time user connects to the external resource trading platform automatically synchronizes account balances and displays corrected balance in reports. Thus, trading platform Market Logic is used as an alternative tool to work with an external trading platform.