Yaacov Heidingsfeld COO, PFS TraderTools LLC.
Yaacov Heidingsfeld COO, PFS TraderTools LLC.

Pricing : unravelling a complex methodology

Creating a pricing methodology for automated FX trading is a complex undertaking. The idea may seem simple but there are many questions to be answered. Yaacov Heidingsfeld discusses the issues involved.

To be a leader in the world of Forex e-business, a financial institution needs the ability to provide immediate and simultaneous prices to multiple e-trading applications across the full spectrum of Forex products. Regardless of volume requirements an institution requires a high-availability workflow-processing engine that will provide a competitive edge by automating all aspects of the electronic dealing process.An institution must automate price delivery (both one- and two-way), margining (spreading) and credit checking to bring instantaneous dealing capability to as many e-trading applications as their business requires. To achieve this a system must be designed to integrate with all existing internal processing systems to provide a scalable unified STP solution for that institution’s current and future needs.When exploring Forex pricing a few complex topics must be considered. Firstly, how will you deliver pricing to multiple e-trading applications? Here automation is the key. The...continued

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