Market Making

We deliver a standard workflow for quoting FX Options on a portal. The portals we support are:

• Digital Vega
• Bloomberg
• FXall
• 360T
• Fenics Direct
• SynOption
• Vontobel Deritrade
• FiniQ
• Your own bank platform using our Single Dealer API solution

Our workflow handles:

• Receiving the request from the external system
• Validate if this is a valid client (and sometimes a valid user)
• Ask the pricing engine to provide a volatility price (Price API)
• Optional we can direct the price to a trader in case the price from the pricing engine was not tradable
• Perform a credit check. (Credit API)
• Retrieve a markup schedule for the client
• Combine volatility, markup and requested hedge type (live, spot or forward) to generate the client quote
• When execution a live price, the system performs a delta hedge using (FX API)
• The resulting trades are booked into your risk management system (STP API)

Example: A client who wants to be a market maker on Digital Vega needs this component, but we need to work with the client to implement solutions for the Price, Credit, FX and STP API's.

Direct API Gateway

See our Direct API Gateway solutions which are Bank2Mdp solutions now.