The Lab

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Each venue has a convention as to which concerning the side that the maker presents prices as and orders as.  Generally, these are referred to as the "maker's" view (i.e. prices and orders are sent to and from the maker from their viewthe maker perspective) or the "client" view (i.e prices and orders are sent to and from the maker as they are seen by from the potential counterparty perspective).  The table below summarizes summarises how each venue expects prices/trades to be presented.

 

VenuePricing SideTrading Order Side
Currenex OUCH ESP  Side is from the market participants perspective,
the MM should respond with Offer prices for a Buy
Quote Request and Bid prices to a Sell Quote Request
Currenex FIX RFQ  Side is from the market participants perspective,
the MM should respond with Offer prices for a Buy
Quote Request and Bid prices to a Sell Quote Request
HotSpot ESP 

 

 

HotSpot Full Amount  
Bloomberg FXGo ESP  
Bloomberg FXGo RFQ  
Fastmatch ESP  
FXAll QuickTrade (RFQ)  
FXAll OrderBook  
Integral ESP  
GTX ESP  

 

To be completed...