Tim Kemp Technology Consultant, Caplin Systems Inc.
Tim Kemp Technology Consultant, Caplin Systems Inc.

Web Messaging Systems for Real-Time FX Trading: The State of the Art

Tim Kemp illustrates how a messaging system is a crucial component of any real-time FX trading service and how Web Messaging offers a single solution for many problems

First Published: e-Forex Magazine 15 / Features / July, 2004

The underlying messaging system is a crucial component of any real-time FX trading service, whether single- or multi-dealer, retail or institutional. Different network and protocol approaches are possible, and particularly for institutional services, one of the main choices is between private networks or using the Internet. Each has its pros and cons, but it is worth taking a look at a new class of messaging technology that makes the Internet option even stronger. It also addresses the limitations of message standards that are often used to deal with content and transactions over these networks.Web Messaging The emerging technology of Web Messaging promises institutional-grade reliability, massive scalability and a unified platform for internal and external connectivity. Web Messaging makes use of standard web technologies, which include HTTP and HTTPS, to provide real-time, bi-directional and transactional communication to desktops. Its biggest advantage is network transparency: firewalls, proxy...continued

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