Spencer
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Advanced risk management controls centralizing your dealing books across all platforms — with real-time P&L, liquidity routing, markups, price shifts, and client tiers in one powerful GUI.
Unified A-Book & B-Book Control
Full visibility and control across every execution model — all from a single interface.
A-Book Execution
Client trades are executed at liquidity providers before the client, guaranteeing profitability on every trade routed externally.
- Real-time A-Book P&L tracking
- Flexible routing by client, tier, instrument, or Bid/Offer
- Real-time A-Book/B-Book switching
- Trade routing based on MetaTrader groups
B-Book Management
B-Book client trades are validated against LP prices ensuring accurate market execution and protecting broker integrity.
- LP price validation for B-Book trades
- Real-time B-Book P&L by organization
- Client profiling with A/B-Book recommendations
- Hedge % of client trades in either direction
Comprehensive Risk Controls
Every tool you need to protect broker revenue and optimize execution quality.
Simplified Risk GUI
Centralizes dealing books across all platforms with real-time P&L, liquidity routing, markups, price shifts, and client tiers.
Liquidity Aggregator
Full Book, LP Price Optimization, Price Validation, and Price Skewing — increases broker profitability by 3%–5%.
Dynamic Markups
Markups based on market volatility increase profitability 5%–7%. Scaled markups based on volume and time provide higher revenue per order size.
Dynamic Price Shifts
Automated price shifts based on real-time market conditions to maximize broker profitability and protect against adverse selection.
Algorithmic Risk Scoring
Real-time client risk scoring and recommendations to identify risky customers, increasing profitability through smarter book management.
Multiple Pricing Models
Multiple core pricing models and client tiers with preset markup models. Volume-based markups dynamically balance the book.
Customized Liquidity Streams
Create tailored price streams for individual clients or groups with custom spreads, markups, and liquidity sources.
MT4 & MT5 Integration
MT4 Bridge and MT5 Gateway with full book connectivity, plus FIX and Web-Based APIs for seamless platform integration.
100+ Custom Parameters
Highly configurable with over 100 customizable parameters to optimize broker revenue and the customer trading experience.
Frequently Asked Questions
What's the actual difference between A-Book and B-Book execution?
A-Book routes client trades to external liquidity providers, so the broker earns spread/commission with no market risk. B-Book keeps trades in-house, validated against LP prices, so the broker takes the other side of the trade. Most brokers run a hybrid of both rather than choosing one exclusively.
Can I run A-Book and B-Book simultaneously, and switch clients between them?
Yes — real-time A-Book/B-Book switching is built in, with routing rules by client, tier, instrument, or even bid/offer side, plus client profiling that recommends which book a given account should sit in.
How much profitability uplift can I realistically expect from dynamic markups?
Spencer Logic's published figures show roughly 3–5% uplift from liquidity aggregation and price optimization, and 5–7% from dynamic, volatility-based markups — though actual results depend on your client mix and volumes.
How many risk parameters can I actually configure?
100+ customizable parameters across routing, markup, and pricing — covering most brokers' risk policies without needing custom development on top.
Does the Risk Management Suite require the MT4/MT5 Bridge & Gateway, or does it work independently?
It's designed to work together with the Bridge & Gateway (full book connectivity plus FIX and web-based APIs), but the GUI itself centralizes dealing-book control across whichever platforms you're already running.
How is this different from Spencer Logic's AI Risk Management product?
The Risk Management Suite gives you the manual controls and GUI to run A/B-Book routing, markups, and pricing yourself. AI Risk Management automates the classification and routing decisions using a trained model — think of the Suite as the cockpit and AI Risk Management as the autopilot layered on top.