MarketFactory Whisperer™
FX Trading Gateway Software
Whisperer FX Gateway is a software application that normalizes market data and order submission from different ECNs in a lossless manner. We define a lossless interface as one that:
•Contains advanced exchange-specific logic•Utilizes all market and meta data provided by each exchange
•Accurately accounts for price discrepancies due to credit and counterparty screening
•Properly handles complexities arising from settlement dates of outstanding orders
•Any-to-any market data and trading; market data from, and orders submitted to, any exchange can be provided in the semantics of another to reduce time to market
•Algorithms that interpolate full depth-of-book on opaque venues
•Properly sequences market data updates from heterogeneous market data feeds -- from the same ECN
•Handles ECN dealing rules, throttles, orders in the market and other restrictions in a transparent and strategy-friendly way
•Features a distributed architecture that scales globally to mitigate large distance latencies in FX
Education is key in helping clients understand and successfully trade the OTC spot FX market. Whether it's the nuances of 'timeslicing' or some other price distribution algorithm, we are very transparent in explaining our methodologies as part of our normal engagement process.
‹ Back to Product OverviewImplementation
• Whisperer can be implemented with minimal, if any, changes to a customer's existing algorithms
• One single API for both market data and order submission
• Whisperer is provided to clients in an ASP fashion at:
Equinix, Secaucus, New Jersey
Equinix, Slough, UK
350 East Cermak Road, Chicago
• Typical implementation time is one month (22 business days) to first trade
