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Stale Quote Protection refers to configuration settings that can be invoked by MarketFactory, to direct FeedServers to reject orders previously quoted orders submitted by the customer application. Rather , rather than sending previously quoted orders them to the trading venue. The intent of this is to prevent orders being sent to the venue that are too old or stale, and would ultimately result in venue rejection, anyway.
Stale quote protection is available for Taker (liquidity consumer) connections to venuesQuotation Negotiation Venues only, where the customer application submits previously-quoted orders ( that contain within them a quoteID) specifically;with quoteIDs):
| Name of Trading Venue | MF Feed name |
|---|---|
| Bank of America Meryll Lynch | BAML |
| BNP Paribas | BNPP |
| Barclays Bank | Barx |
| Citadel Securities | Citadel |
| Citi Bank | Citi |
| Commerz Bank | Commerz |
| Credit Suisse | CreditSuisse |
| Deutsche Rapid | DeuRapid |
| EBS Select | EBS Select |
| Goldman Sachs | GoldmanSachs |
| HSBC | HSBC |
| Morgan Stanley | Morgan Stanley |
| Nomura | Nomura |
| Royal Bank of Canada | RBC |
NatWest Markets (Royal Bank of Scotland) | RBS |
| Saxo Markets | Saxo |
| Societe Generale | SocGen |
| Standard Chartered | StandardChartered |
| UBS | UBS |
| XTX | XTX |
...
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