外匯公司做市


1

到目前為止,我一直在使用最後一眼功能進行外匯做市。現在我們要著手進行牢固的製造,但是我有點迷失了。

要進行牢固的製造,我們需要發布休息訂單(currenex或積分),它如何工作?有人在這方面有經驗嗎?還有其他信息嗎?

3

Whereas when you marketmake on a last-look basis: - You, the marketmaker, are sending indicative prices to the ECN - The ECN sends orders to you and is at risk (since you have the option to reject, hopefully rarely)

When you marketmake on a no-last-look (NLL) basis: - the ECN is sending indicative prices - You, the marketmaker, send orders to the ECN and you are at risk unless you cancel such orders (and your ability to do so depends on the reaction time of your model, latency between you and the ECN and the ECN reaction time).

Some ECNs provide only one API both for taking and NLL marketmaking. On those you are using their standard API that allows aggressive orders (IOCs) and passive, resting orders (e.g. GTCs). You, as an NLL marketmaker are just using the GTC order types and sending cancels every time you wish to change or cancel your price.

Other ECNs do provide a separate API for NLL marketmaking, a significant feature being that you will not match with other marketmakers. If you contact me directly (my contacts should be visible in my profile) I can explain which are which.