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Comment: Published by Scroll Versions from this space and version 1.1.16

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  • Customer - The organisation utilizing MarketFactory's systems.
  • Client - The software component(s) maintained by the Customer that are used to communicate with Venues via Whisperer
  • User - A logical entity defined by the Customer and configured by MarketFactory, used to associate a Client Session with a Venue Connection.
  • Venue - External trading system - may be a Maker (e.g. a Bank), a Taker (e.g. an ECN), or a CLOB.
  • Logon Service - Whisperer's security and session administration component.
  • Feed HandlerGateway - The Whisperer component responsible for maintaining connectivity with a Venue.
  • Venue Connection - A connection established between the Feed Handler and the Venue and Whisperer. Typically this will be a single FIX session (i.e. a specific Target/SenderCompID pair), but in some cases this may incorporate additional physical connections - for example, a Pricing session for a CLOB may comprise A/B UDP market data feeds in addition to a standard TCP FIX session used for message recovery.
  • Client Session - A connection maintained between  the Feed Handler and a Client User, dedicated to delivering messages between the User and the Venue for a specific Session Type.

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All session types are maintained directly with an individual Whisperer Feed Handler. All Feed Handlers Gateway. All Gateways are available 24 x 5.5 - the full trading week commencing on Sunday prior to Asia-open and ending on Friday, NY-close, irrespective of the schedule of the Venue itself.

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