Hotspot Introduces Summary Depth Feed and Replaces Price Modify Function

CBOE’s institutional foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term venue, Hotspot, announced today that it will be introducing its Summary Depth Feed on July 5, 2017 to deliver aggregated depth and trade information for the FX marketplace operated by Hotspot.

The London Summit 2017 is coming, get involved!

Hotspot’s customers and vendors will be able to use the new solution to access and distribute aggregated depth data to their staff within the same company or promote the feed as an independent part of their offering. Each feed will provide five price-levels of aggregated depth per security, including the bid, ask, and share quantity for orders received by Bats’ FX exchange as well as the last trade including time of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, price and share quantity.

Furthermore, Hotspot has also advertised its newly-developed trading message type, dubbed ‘Price Modify’, which aims to improve efficiency within its new and existing feeds. The new feature replaces the old methodology by which the Hotspot ITCH feed cancels and replaces the order when the client submits a Price Modify instruction to update his order price. Instead, the new message type issues a Price Modify order within the same feed. This reduces message traffic and lowers bandwidth requirements.

The amended functionality will be included within Hotspot’s new feed in addition to its legacy methodology Hotspot ITCH.

Hotspot’s clients transacted a total of $647.3 billion throughout May 2017. The figure, which marks its third best month for the year, reflects an increase of 1.5 percent month-on-month and 20 percent when compared to a year ago.