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Some of the systems support order sweeping (an order is split into the chunks which are sent to the respective counterparties based on the price, time and other attributes of the quotes from these counterparties), other systems route the whole order to a single liquidity provider who is chosen by an
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FX Aggregator implementation is complex as the technology needs to be fast (Latencies in microseconds) and flexible. Some banks developed their own FX Aggregators and others bought existing products from technology vendors.
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There are many aggregators offered in the market: smartTrade
LiquidityFX, Thomson Reuters Dealing Aggregator, Liquid-X, Liquidity Pool, FlexTrade,
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Aggregators usually provide two main functions; they allow FX traders to compare price from different liquidity venues such as banks-global
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and to have a consolidated view of the market. They allow traders to trade with many participants using a single
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114:"An online foreign exchange aggregator enabling you to search RBI authorised money changers in India"
178:"Gold-i Bolsters Offering With Matrix 2.0 Liquidity Management System | Finance Magnates"
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96:, MarketFactory, EBS Direct, DealHub, Seamless FX, Gold-i Matrix and others.
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196:"Top 5 Reasons Why Legacy FX Aggregation Providers are Failing"
164:"What is a FX Aggregator? -Improve ROI and Delivery to Market"
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132:"5 Reasons FX Liquidity Aggregation Is So Challenging"
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order routing algorithm embedded into an aggregator.
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Finance
Magnates | Financial and business news
148:. Smart Trade. January 30, 2013. Archived from
116:. Travelmudra. March 17, 2015. Archived from
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16:Class of systems used in Forex trading
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134:. Seeking Alpha. November 26, 2012.
35:from several liquidity providers.
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146:"smartTrade LiqudityAggregator"
221:Ethereum Code Trading Platform
92:, Quotix, Integral, Currenex,
27:is a class of systems used in
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21:foreign exchange aggregator
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246:Electronic trading systems
241:Foreign exchange market
120:on December 22, 2014.
152:on October 22, 2014.
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198:. Finance Magnets
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63:or a single
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202:January 28,
84:Aggregators
230:Categories
100:References
75:Technology
57:Hotspot FX
39:Mechanism
33:liquidity
90:BidFX
53:FXall
204:2016
49:ECNs
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61:API
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19:A
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