Stale Price Quote Protection refers to configuration settings that can be invoked by MarketFactory, to direct FeedServers to reject orders submitted by the customer application. Rather than sending previously quoted orders to the trading venue. The intent of this is to prevent orders being sent to the venue that are too old or stale, and would ultimately result in venue rejection.

Stale price quote protection is available for Taker (liquidity consumer) connections to venues, where the customer application submits previously-quoted orders ( that contain within them a quoteID) specifically;

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The stale price quote protection is achieved by monitoring two parameters that can be statically configured below:

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Once both conditions are invoked failure for an order to meet either argument can result in a quote being removed from consideration. Another way to think of it is that both conditions must be satisfied in order for a quote to be considered valid.

Example

Quotes

To keep the example simple, we'll use only bid quotes. The example below displays that the history of quotes that live for a duration of a single tick.

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