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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.
• Gateway - The Whisperer component responsible for maintaining connectivity with a Venue.
• Venue Connection  - A connection established between the Feed Handler Gateway 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 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  between the Feed Handler Gateway and a Client User, dedicated to delivering messages between the between the User and the Venue for a specific Session Type.

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For a given Client and given Whisperer Feed Handler Gateway deployment, each session type will be assigned unique Venue connection credentials (typically target IP:Port details and associated Target/SenderCompIDs, but potentially additional details such as Username and Password, PKI certs, etc).

Session Architecture

24x5.5 Availability

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