Being a disruptor doesn’t always work
The FIX protocol has existed since 1992 and being a protocol has a system of rules that govern the exchange of messages. But what happens when only part of the protocol is implemented?
News
A proliferation of API’s
While it's perfectly expectable for each venue to have their own API, the challenges of connectivity become more difficult when each venue itself has multiple API's, with no clear delineation.
360T GTX Maker
360T GTX Maker, formerly run by Gain Capital, has a FIX API that allows liquidity providers to price sweepable or full amount streams in NY4, LD4, and TY3. Their FIX API for market makers includes a non-standard feature where inbound orders contain a clOrdID (client order ID) value that’s the same identifier as the quoteID generated by […]
The Importance of Adjusting LMAX Market Data by Region
LMAX Exchange offers FIX APIs for FX market making and taking in New York, London, and Tokyo. However, the data and the way it should be consumed differs depending on the region it’s taken from. Let’s take an example where a client is interested in seeing a 1,000,000 price in all three regions. In London […]
Pizza & Disclosed Venues
Here’s our final FX Poem to kindly ask for your vote for the P&L Readers’ Choice Awards… Pizza & Disclosed Venues by erustamov@marketfactory.com Everything got put to test, challenging our ability Some passed with flying colors, some lacked connectivityYou picked up new skills in your home facilityEven boosted […]
The Ides of Covid
The Ides of Covid by emarkman@marketfactory.com As covid lead to volatility,It put a short on our mobility. We social distanced and joined zoom meetings,For work calls, happy hours, and family greetings. Yet FX remained resilient,And volumes hit levels that were brilliant. As markets move to Bull from Bear,It is now time to prepare. […]
An Ode to our New Mode
For the last five years, you elected us “Best in Connectivity.” To say thank you, I want to offer you a poem which will hopefully induce a chuckle. An Ode to a New Mode by creiss@marketfactory.com Pajamas, bathrobes, online meetings, Kids at home, please stop screaming,Oops, my laptop […]
An explanation on this year’s flash events
Twice this year (and its only February 25) the FX press shouted, “flash crash!”. Both events merit explanation as they were vastly different. We offer ours. Yen Flash Event – Did the Tail Wag the Dog? What caused the yen flash event? Could it really have been retail-led following a negative revenue announcement by Apple? […]
FXWeek: MarketFactory Secures Funding From Silicon Valley Investment Firm
Accel-KKR’s strategic investment will facilitate MarketFactory’s expansion into new markets and services MarketFactory has secured an undisclosed amount of funding from Silicon Valley investment firm Accel-KKR, which will enable the foreign exchange technology platform to expand its range of services and into new markets globally. Accel-KKR focuses its investments on software and IT-driven middle-market companies […]
Darren Jer on The Top Entrepreneurs Podcast with Nathan Latka
MarketFactory co-founder and CEO, Darren Jer, was interviewed by Nathan Latka for his business podcast, The Top Entrepreneurs. Listen to this 20-minute podcast for: The story on how MarketFactory was started in the middle of the 2008 financial crisis How we enable FX trading Customer breakdown – 45% banks, 45% funds, 10% brokers Growth rates […]