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 […]
20 exchanges added via Fidessa
MarketFactory clients can now connect to Fidessa to access almost every single futures and derivative exchange globally.
MarketFactory now supports CME spread trading
MarketFactory customers can now take advantage of spread trading on the CME. All types of spread trading are now supported.
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? […]