MarketFactory has done the necessary business analysis to define considered the feasibility of offering a model to allow the Maker customer to deliver a MassQuote Ladder as per other venues: - Additional MarketFactory configuration would be required to map between multiple Currenex Tiers (agreed between Currenex and Maker) and custom pricing Scheme names (agreed between Maker and MarketFactory).
- The current pass-thru of Tier names and QuoteRequest IDs from Currenex to the Maker would most likely not be possible to retain - leading to increased opacity when Support team interaction is required.
- Whisperer must accumulate the necessary Currenex subscription requests before sending a single QuoteRequestMessage to the Maker. It 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. |