ATG Marketplex Bespoke Foreign Exchange Solutions
ATG Marketplex bespoke technology solutions can solve client issues across any aspect of the trade lifecycle: from market data and order management, to post trade processing. This is accomplished by utilizing our full featured trading enterprise system. At ATG, we make your ideas a reality, below are some recent case studies of our solutions at work:
Case Study 1: MT4 with 2x Aggregated FX Liquidity Streams with Custom Order Functionality
A trader was using MT4 to run his expert advisors. This client wanted to have
an aggregated price feed consisting of one STP price feed and one ECN liquidity
pool feeding into MT4. Additionally, the client also wanted to be able to utilized
fill or kill orders. The problem herein is that MT4 doesn’t support fill or kills.
Additionally, all providers do not offer identical order types. The ATG solution, we constructed a smart gateway that sends the proper order types to the proper destination point depending on order types allowed by the providers. This enabled the client to utilize fill-or-kill (FOK) and Immediate or Cancel (IOC) orders on the MT4 platform.
Case Study 2: Sell Stop on Offer / Buy Stop on Bid
An algorithmic trader wanted to utilize an ECN liquidity pool. The problem was that this ECN only accepted traditional stop orders. In this case, sell stops are triggered when the bid price reaches the stop price and buy stops are triggered when the offer price reaches the stop price. The client wanted to have sell stops triggered based on the offer price and buy stops triggered based on the bid price.
ATG was able to create this order type for the client even though the selected ECN didn’t support this order functionality. In this example the stop orders of the client are transmitted and parked on the ATG order management system (OMS). Our OMS then monitors the market and submits the stop orders to the FX ECN as market orders. Buy stops are triggered based on the bid price and sell stops are generated based on the offer price.
Case Study 3 - Stop Shading
A low latency forex trader determined it to be advantageous to “shade” his stop orders from the marketplace. Utilizing ATG’s bespoke solutions we were able to deliver a mechanism whereby this trader was able to submit his stop orders, as generated automatically by his trading algorithm, to the ATG (OMS). Our order management system would then hold the stop orders generated by the client and monitor prices until a specified price was reached. Once a specific price was hit, the order management system would then transmit the stop order. The order would then be submitted as a market order thus hiding the stop, giving the ATG trader an edge.