The Lab

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Note
titleVenue Constraints
  • Streaming Spot - ABFX does not support Spot stream on autobahnfx_singleg. Instead they recommend autobahnfx_rapid for Spot streaming, which is located in CoLo for latency purposes.
  • Swap Pricing - Swap pricing needs normalisation on WE due to the venue inconsistencies.
    • Near Bid/Offer Allin price and ForwardPoints needs flipping in the Quote message for all swaps.
    • Bid and Offer Spot rates are flipped for Even swaps. 
  •  Streaming Swaps - Currently not supported by WE as suggested by the Venue due to capacity issues. Clients should Contact MarketFactory if this is required.
  • MultiAllocations - PreTrade allocations are supported on RFS session, but allocation side must match the leg side (i.e only positive allocation quantities are supported) .
    • PreTrade allocations are not supported on the ESP session.
  • NonDeliverables - Near leg of the NonDeliverable Swap must be post Spot.
  • RegulatoryBodies - MTF and SEF regulatories offered by the venue are applicable for MultiDealerPlatforms (I.e not applicable for individual clients).  Streaming Swaps - Technically supported by the Venue, but they suggested it would be taking significant capacity if there is a large amount of near/far tenor combos along with multiple rung nationals. Hence not currently supported by WE. Clients should Contact MarketFactory if this is required.


Info
titleSupported/Unsupported Features
  1. QuoteRequest - LegSide must be TwoWay for both ESP and RFS requests.QuoteRequest/NewOrderMultiLeg - Near LegSettlType must be SPT for NDS requests.
  2. QuoteRequest/NewOrderMultiLeg - MarketType must be Regular. Non Deliverables can be traded as Onshore on this venue but this is set up at the  account level and needs to be agreed between the Client and the Venue.
  3. QuoteRequest/NewOrderMultiLegLegSettlCurrency must be USD for Non Deliverables.