The Lab

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The API is Maker/Taker agnostic, meaning that Quote Requests, Quotes, Orders and Executions may flow either to or from the API client - the direction obviously being dependent on the Venue that the client is connected to.

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This is set out in tabular form below:

Taker Tradesagainst Maker
Base CcyTerms Ccy
BUYSELLOFFER
SELLBUYBID



Note
In short,  QuoteRequest, NewOrderMultileg and ExecutionReport all always express a transaction from the Taker perspective. Quotes always express prices from the Maker perspective.