Table of Contents

Pricing

GTX pricing is offered as OrderDepth or PriceDepth MDBookType.

GTX allows clients to filter market data according to the following scopes:

"Interest" only orders matchable immediately
"Firm" LP feeds matchable immediately
"LastLook" LP feeds that require validity check.

Please see the Passthru section below for more details

Warning

title	MDBookType

GTX OrderDepth book does not populate MDEntryTime. The priority of rungs with the same price level is only known by GTX.

For PriceDepth books, GTX can aggregate scope. The consequence of this is rungs will be a mixture of Interest, Firm and LastLook. If you choose not to aggregate scope, Duplicate price level entries will be seen in the PriceDepth book. Fortunately, GTX can supply separate sessions for the different liquidity types, thus providing clean PriceDepth books.

Orders

Supported SecurityTypes

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Security Type

...

GTX only supports LegSettlType "M1" for NDFs.
LegSettlCurrency must be 'USD' for NDF orders.

Supported OrderTypes

...

OrderType

...

Pegged Orders

If the Limit Price is populated, then the Limit Price will be pegged, otherwise the specified StopPx will be pegged.

Please see StrategyParameters section below for custom Peg fields.

Iceberg and Dark Orders

It is possible to make Iceberg Orders using HasExtendedFields[1].MaxShow.
To make Dark orders simply make MaxShow = 0.
MaxShow is ignored for IOC orders.

Supported TimeInForces

...

TimeInForce

...

GTX does not take into account the EffectiveTime(168) for ExposureDuration(1629). ExposureDuration starts as soon as the GTX server receives the order regardless of EffectiveTime.

ExposureDuration will override ExpireTime.

MultilegOrderCancelReplaceRequest

If DiscretionOffsetValue(389) is omitted, the value from the original order will be removed i.e. this tag needs to be explicitly specified every time an order is replaced.

TransactTime: Unlike NewOrderMultilegs, GTX will NOT reject MiltilegOrderCancelReplaceRequest messages that appear to have been delayed.

The following Values may be changed:

OrdType
TimeInForce
EffectiveTime
ExpireTime
ExposureDuration (will override ExpireTime)
StopPx
MinQty
MaxShow
DiscretionOffsetValue
LegPrice
LegOrderQty: should be the total intended order quantity including amount already executed for this chain of orders.

BodyPassthruKeys

AvgPXLimit
LastLook
MatchIncrement
TriggerPriceType
AveragingInst
IOCTimeToLive

The following must be the same as the reference order

PegPriceType
PegOffSetValue
NoStrategyParameters(entire group)
LegSide
LegCurrency
LegSettlDate

StrategyParameters

...

Describes whether peg is static/fixed or floats. Valid values:

'Float' (default)

'Fixed'

Optional

...

If the calculated peg price is not valid price for this market, specifies whether to round the price to be more or less aggressive.

'MoreAggressive': on a buy order round the price up to the nearest tick; on a sell order round down to the nearest tick.

'MorePassive': on a buy order round the price down to the nearest tick; on a sell order round the price up to the nearest tick.

...

Optional

...

The scope of the 'related to' price of the peg:

'Global': default, peg to any tradable price.

'ExcludeLocal': When calculating peg price exclude local interest only orders (LocalScope) which may be small or otherwise not indicative of true market price.

...

Optional

...

Supported Instruments

Expand

Table Filter

totalrow	,,,,,,,,,,,,
hidelabels	false
sparkName	Sparkline
hidePane	true
sparkline	false
default	t360_gtx,ExecutionVenue&&client_role&&target_platform
isFirstTimeEnter	false
cell-width	250,250
hideColumns	true
disabled	false
enabledInEditor	false
globalFilter	false
id	1687447396512_-80977762
order	0,1
hideControls	false
inverse	false,false
column	Venue
disableSave	false
separator	Point (.)
labels	Venue‚Hide columns
ddOperator	OR
datepattern	dd M yy
updateSelectOptions	false
worklog	365\|5\|8\|y w d h m\|y w d h m
isOR	AND

Table Excerpt Include

name	SupportedInstruments
merge-tables	true
page	Supported Instruments
type	page

Please refer to Supported Instruments to view across all venues.

PartyIDs

Expand

Table Filter

totalrow	,,,
hidelabels	false
sparkName	Sparkline
hidePane	true
sparkline	false
default	t360_gtx
isFirstTimeEnter	false
cell-width	250
hideColumns	false
customNoTableMsg	false
disabled	false
enabledInEditor	false
globalFilter	false
id	1706243807773_765257489
order	0
hideControls	true
inverse	false
column	Venue
disableSave	false
separator	Point (.)
labels	Venue
ddOperator	OR
datepattern	dd M yy
updateSelectOptions	false
worklog	5\|8\|w d h m\|w d h m
isOR	AND

Table Excerpt Include

copytable	true
name	PartyIDs
page	PartyIDs
type	page

Please refer to PartyIDs to view across all venues.

Regulatory Fields

Expand

Table Filter

hidelabels
totalrow	,,,,,

...

Optional

...

If Y, causes GTX to automatically negate the PegOffsetValue for SELL(Base Currency)/ Buy(Quote Currency),
orders, so that the client application can provide the same peg parameters for all orders.

...

Optional

Passthru

Expand

Table Filter

hideControls	true
inverse	false
sparkName	Sparkline
hidePane	true
isNew	false
separator	Point (.)
ddSeparators	true
default	t360_gtx
isFirstTimeEnter	false
userfilter	Venue

sparkline	false
isFirstTimeEnter	false
cell-width	250
hideColumns	false
customNoTableMsg	false
disabled	false
enabledInEditor	false
globalFilter	false
id	1706244353188_-1521923351
order	0
hideControls	true
inverse	false
column	Venue
disableSave	false
separator	Point (.)
labels	Venue
ddOperator	OR
datepattern	dd M yy
idupdateSelectOptions	1637788051958_488865744false
worklog	5\|8\|w d h m\|w d h m
isOR	AND	order	0

Table Excerpt Include

copytable	true
name	PassthruFieldsRegulatoryFields
page	.Passthru Fields v1.1.15Regulatory Fields
type	page

Please refer to Passthru Fields for the full Enterprise table Regulatory Fields to view across all venues.

...

Passthru Fields

Expand

Table Filter

column

hideControls	true
inverse	false
totalrow	,,,,,
hidelabels	false
sparkName	Sparkline
Venue	hidePane	true
isNewdisableSave	false
separator	Point (.)
sparkline	false
ddSeparatorslabels	trueVenue
default	t360_gtx
isFirstTimeEnter	false
cell-width	150
hideColumns	false
userfilter	Venue	ddOperator	OR
datepattern	dd M yy
disabled	false
enabledInEditor	false
globalFilter	false
id	16377880342951688064582053_-16793884301797159607
updateSelectOptions	false
worklog	365\|5\|8\|y w d h m\|y w d h m
isOR	AND
order	0

Table Excerpt Include

copytable	true
name	PartyIDsPassthruFields
page	.PartyIDs v1.1.15Passthru Fields
type	page

Please refer to Whisperer Enterprise - PartyIDs for the full Enterprise table Passthru Fields to view across all venues.

Regulatory Fields

Not applicable for this venue.

Please refer to or Regulatory Fields for the full Enterprise table across all venues.

CurrencyPairs Supported by GTX

...

Details

Pricing

Note

title	MDBookType

GTX supplies separate sessions for the different liquidity types.

Liquidity types:

"Interest" only orders matchable immediately
"Firm" LP feeds matchable immediately
"LastLook" LP feeds that require validity check.

Please contact MarketFactory Contact for more details.

GTX OrderDepth books do not populate MDEntryTime. The priority of orders within the same price level is only known by GTX.

Info

title	MDEntryID Lifetime

For PriceDepth subscriptions, this venue associates the MDEntryID with a given price level - not the price itself.

As such, an individual ID will have a much longer lifetime than the subscriber may otherwise expect.

For example, an ID associated with the Top of Book Bid will only be deleted in the unlikely scenario that Bid liquidity should be completely removed for that instrument.

Orders

Pegged Orders

MidPricePeg, MarketPeg and PrimaryPeg are supported for PegPriceType.

Please see table below for custom Peg fields:

Expand

Venue	Message	ParentGroup	StrategyParameterName	StrategyParameterType	Venue Comment	MarketFactory Comment
t360_gtx	NewOrderMultiLeg	NoStrategyParameters	PegOffsetNegatedIfSelling	Boolean	If Y, causes GTX to automatically negate the PegOffsetValue for SELL(Base Currency)/ Buy(Quote Currency), orders, so that the client application can provide the same peg parameters for all orders.	Optional
t360_gtx	NewOrderMultiLeg	NoStrategyParameters	PegUpdateInterval	Integer	millis, If present, customizes how frequently the effective limit price will be adjusted. Values will be silently adjusted to a nonzero multiple of the EDF update interval, and capped at 60 seconds.	Optional

Marketable

Note

title	Marketable

Clients can consume Marketable indicator as a BodyPassthruField in the ExecutionReport if their Orders session is configured for this field by GTX. Please note that this field is not available by default.

Marketable indicates the order was matched with an LP quote / order by the GTX matching engine. If the order is not marketable (for reasons such as, the market moved and there is no quote/ order that matches the Limit price) then this tag would provide that information to the client.

This tag is useful for clients to understand if they got Rejected by the LP or if their order was not presented to the LP in the first place due to ‘no match’.

'Y': the order was matched by GTX engine (i.e. the order was marketable and was presented to the LP).
'N': the order was not matched (i.e. the order was not marketable and never presented to an LP).

Please contact MarketFactory Delivery team if you need Marketable field enabled in your Orders session.

Iceberg and Dark Orders

It is possible to make Iceberg Orders using HasExtendedFields[1].MaxShow.
To make Dark orders, simply make MaxShow = 0.
MaxShow is ignored for IOC orders.

Order Modification

Unlike NewOrderMultilegs, GTX will NOT reject MiltilegOrderCancelReplaceRequest messages that appear to have been delayed, i.e. TransactTime is ignored for MiltilegOrderCancelReplaceRequest.

The following Values may be changed:

OrdType
TimeInForce
ExposureDuration
MinQty
MaxShow
LegPrice
LegOrderQty: should be the total intended order quantity, including amount already executed for this chain of orders.

The following must be the same as the reference order

PegPriceType
PegOffSetValue
PegOffsetType
NoStrategyParameters(entire group)
LegSide
LegCurrency
LegSettlDate
DiscretionOffsetValue

...

Versions Compared

Old Version 7

New Version Current

Key

Pricing

Orders

Supported SecurityTypes

Supported OrderTypes

Pegged Orders

Iceberg and Dark Orders

Supported TimeInForces

MultilegOrderCancelReplaceRequest

StrategyParameters

Supported Instruments

PartyIDs

Regulatory Fields

Passthru

Passthru Fields

Regulatory Fields

CurrencyPairs Supported by GTX

Details

Pricing

Orders

Pegged Orders

Marketable

Iceberg and Dark Orders

Order Modification

Page History

Versions Compared

Old Version 7

New Version Current

Key

Pricing

Orders

Supported SecurityTypes

Supported OrderTypes

Pegged Orders

Iceberg and Dark Orders

Supported TimeInForces

MultilegOrderCancelReplaceRequest

StrategyParameters

Supported Instruments

PartyIDs

Regulatory Fields

Passthru

Passthru Fields

Regulatory Fields

CurrencyPairs Supported by GTX

Details

Pricing

Orders

Pegged Orders

Marketable

Iceberg and Dark Orders

Order Modification