FX ECN – Transaction Workflow Reading
If you happen to want to understand the workflow of prices/orders/traders/etc from a Single Dealer Platform (SDP) perspective (taking into account ECNs), the following maybe of interest:
- FXAll Transaction workflow. An SDP may interface directly to FXAll, but will more than likely go via a product (e.g. StreamBase, SmartTrade, Dealhub etc) or an internally built TMS/OMS, and FIX connectivity.
- White paper Algorithmic Trading in the Global FX Market
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