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Unlike other venues, the Maker is thus responsible for the fan-out of their standard volume-laddered quotes across individual Currenex Tiers.


Info
titleWhy Can't Whisperer 'Normalisation' not support Currenex Stacked Pricing?

MarketFactory has done the necessary business analysis to define a model to allow the Maker customer to deliver a MassQuote Ladder as per other venues. This model necessarily requires additional MarketFactory configuration to map between multiple Currenex Tiers (agreed between Currenex and Maker) and custom pricing Scheme names (agreed between Maker and MarketFactory).

In addition the solution is necessarily by nature brittle - for example, Whisperer must accumulate the necessary Currenex subscription requests before sending a single QuoteRequestMessage to the Maker and cannot be guaranteed to correctly handle scenarios when there is a mismatch of configuration between Maker and Currenex, or the maker MassQuote contains more rungs than expected, and so on.

For these reasons we have, to date, elected not to implement this feature. However should a customer have a strong interest in the detail additional information is available, on request.

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