The Lab

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Each venue has a convention concerning the side that the maker presents prices and orders as.  Generally, these are referred to as the "maker's" view (i.e. prices and orders are sent to and from the maker from the maker perspective) or the "client" view (i.e prices and orders are sent to and from the maker as they are seen from the counterparty perspective).  The table below summarises how each venue expects prices/trades to be presented.

 

VenuePricing SideOrder Side
Currenex ESP Side is from the market participants perspective,
the MM should respond with Offer prices for a Buy
Stream Request and Bid prices to a Sell stream Request
Currenex FIX RFQ Side is from the market participants perspective,
the MM should respond with Offer prices for a Buy
Quote Request and Bid prices to a Sell Quote Request
HotSpot ESP 

 

 

HotSpot Full Amount  
Bloomberg FXGo ESP  
Bloomberg FXGo RFQ  
Fastmatch ESP  
FXAll QuickTrade (RFQ)  
FXAll OrderBook  
Integral ESP  
GTX ESP  

 

To be completed...

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