FX Dealing

The proposed solution facilitates access of broker’s clients to FX instruments. Its outstanding feature is innovative technological infrastructure streamlined to aggregate and internalize liquidity. The technology will be valuable for various institutional and retail client groups.

QUIK server connected to selected trading platforms (exchanges, dark pools, broker platforms, etc.). Thus, liquidity may be sourced from FX market of Moscow Exchange, EBS of ICAP, Thomson Reuters Matching or a major bank’s internal liquidity pool;

QUIK SOR — liquidity aggregation solution providing quotes for any volume and routing orders on to various liquidity pools. Quotes for various volumes may be calculated as average weighted prices for volumes from various liquidity pools or represent worst prices for the required volume available in the pools;
Module of electronic execution of sales QUIK EES — solution for automated quotation of instruments for clients with reciprocal hedging of broker positions, providing quotes for standard volumes. Automated quotation of instruments for clients employs various quote computation models (e.g. based on a given spread);

QUIK or webQUIK workstation with a special plugin — Terminal module FX.

Connections available for

Additional information

  1. Two trading technologies are used:
    • standard volume trades (set by broker) with automatic computation and maintenance of ‘aggregated’ quotations, 
    • trades at requested quotes for client-given volumes (‘request for quotes’).
  2. FIX-integrations with trading platforms – sources of liquidity – are carried out by ARQA Technologies. The work is done as part of the standard solution cost (at no extra charge).
  1. The special Terminal module FX (the interface designed for FX trade) is supplied as part of FX Dealing (without charge).
  2. FX Dealing is compatible with a specialized backQORT version (back-office) for trade accounting.

Configuration examples

Example 1. Modification

Modification of quotes by selected algorithm and their delivery to client.

An external trading platform may be connected through the program interface FIX adapter.

Example 2. Aggregation and modification

Aggregation of quotes from several pools of liquidity, their modification by selected algorithm, capabilities of trading standard / non-standard volumes.

* Connection to an external liquidity pool (e.g. that of partner bank) requires separate development, the scope and cost of which is determined on case-by-case basis.

The program interface EBS Spot FX is used for trading on either EBS Market or EBS Direct. As an alternative to EBS Spot FX, trading connection may be established with Thomson Reuters Matching and Interactive Brokers. An external trading platform may be connected through the program interface FIX adapter.

Example 3. Aggregation, modification and own pool of liquidity

Aggregation of quotes from several pools of liquidity with an addition of own pool of liquidity, their modification by selected algorithm, capabilities of trading standard / non-standard volumes.

* Connection to an external liquidity pool (e.g. that of partner bank) requires separate development, the scope and cost of which is determined on case-by-case basis.

The program interface EBS Spot FX is used for trading on either EBS Market or EBS Direct. As an alternative to EBS Spot FX, trading connection may be established with Thomson Reuters Matching and Interactive Brokers. An external trading platform may be connected through the program interface FIX adapter.

Consultations

To receive advice, please fill the form or call directly +7 (383) 219–1619.



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