FX Dealing

The solution provides a broker’s clients with access to FX instruments. The solution features special technological infrastructure serving for liquidity aggregation and internalization. The technology can be applied to various institutional and retail client groups.

QUIK server when connected to required trading platforms (exchange, non-exchange, execution broker platforms, etc.). Thus, liquidity can be sourced from the Moscow Exchange FX Market, EBS of ICAP, Thomson Reuters Matching or a major bank’s internal liquidity pool;

QUIK SOR — a liquidity aggregation solution providing quotes for any volume and routing orders to various liquidity pools. Quotes for various volumes can 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 — a solution for electronic quotation of instruments for clients with coverage of broker positions, providing quotes for standard volumes. The quotation of instruments for clients applies various quote calculation 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:
    • trading for standard volumes (set by a broker) with automatic computation and maintenance of ‘aggregated’ quotes,
    • trading for requested quotes with client-given volumes.
  2. FIX-integrations with trading platforms — liquidity sources — are carried out by ARQA Technologies. All integrations are included in the standard solution price at no extra-charge.
  1. The special Terminal module FX (the interface designed for FX trade) is provided as part of FX Dealing (without charge).
  2. A specialized backQORT version can be used to take account of trades executed in FX Dealing.

Configuration Examples

Example 1. Modification

Modification of quotes according to a specified algorithm and their delivery to a client.

An external trading platform can be optionally connected via FIX adapter program interface.

Example 2. Aggregation and Modification

Aggregation of quotes from several liquidity pools, their modification according to a specified algorithm, trading standard / non-standard volumes.

* Connection to an external liquidity pool (e.g. a partner’s bank) requires a separate development. The scope and cost are determined on a case-by-case basis.

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

Example 3. Aggregation, Modification and Own Pool of Liquidity

Aggregation of quotes from several liquidity pools with the addition of own liquidity pool, their modification according to a specified algorithm, trading standard / non-standard volumes.

* Connection to an external liquidity pool (e.g. a partner’s bank) requires a separate development. The scope and cost are determined on a case-by-case basis.

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

Additional Features

Terminals of external trading platforms can be connected to chosen liquidity sources via the QUIK Server.

Ready-made Solutions

  1. Integration with FXall


    FXall is an electronic trading platform by Refinitiv (Thomson Reuters). FXall allows trading FX instruments for 500 currency pairs and supports liquidity via 180 banks and alternative market-makers.

    QUIK integrates with the platform via the FXall2QUIK adapter program interface which establishes connection with FXall through a Java application.

  1. Integration with Bloomberg FXGO


    Bloomberg FXGO is a multi-bank FX trading platform.

    QUIK integrates with Bloomberg FXGO via FIX adapter program interface.


QUIK’s integration with FXall and Bloomberg FXGO platforms provides users of Refinitiv (Thomson Reuters) and Bloomberg terminals with access to the Moscow Exchange FX market or internal broker system via QUIK.

The Tasks Solved:

  • sending a request from the trading platform for quotes delivery from the QUIK server,
  • transmitting quotes from the QUIK server to the trading platform,
  • transmitting orders forwarded in the trading platform to the QUIK server and further to Moscow Exchange or a broker’s internal system,
  • reporting on executed orders to the trading platform.

Connection to the Moscow Exchange FX market requires:


Connection to the broker’s internal system requires:


General Connection Scheme

Consultations

To get consultations, please fill in the form or call directly +7 (383) 219–1619.



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