The Ins and Outs of Forex Liquidity Aggregation
This Book is For
Those who want to understand the mechanics of FX trading, the technology behind it, and to reach Level 80 in broker risk management. It is intended primarily for start-up brokers and those considering launching an FX/CFD or even a crypto brokerage, and for brokerage house employees wanting to increase their market knowledge. This e-Book aims to boost brokers’ confident in running their own FX brokerage.
We recommend brokerage house managers keep this book handy and also forward this link to their colleagues in other departments, especially to those involved in dealing and risk management.
What you will learn from this book
A behind the scenes look at broker operations related to liquidity management and liquidity flows in the Forex market
Practice by following and untangling a quote’s path from the moment it’s generated until it’s matched with another quote
An understanding of the pros and cons of working with several liquidity providers, or with one prime broker instead. You’ll walk away knowing the difference between these setups and their associated challenges
A greater understanding of how to conduct business with LPs to make them happy and benefit your brokerage in return
This is a great E-Book that covers not only the basics of liquidity aggregation but some real fundamental issues that start up brokers need to comprehend when they are setting up their companies base trading infrastructure. Mistakes around such a critical aspects in a trading company as liquidity, the management of it, and the collaterization needed are very dangerous in the short, medium, and long term. This book will help all those that read it come up the curve to a stronger position of knowledge very quickly. I would dare say that not a single executive or senior manager at any brokerage firm shouldn’t understand these concepts. This is a great work, very much needed, Bravo!
Evgeny has done a great job compiling all of this information into one place, something I have not seen done before.
It’s clear and concise, covering the important aspects people in the FX industry should know and understand. There is useful content for everyone from new entrants all the way up to industry veterans.
Without this e-book it would take a long time to gain all this knowledge. I believe that everyone who reads this book will find it enjoyable and take away new information and meaningful insights into how the Forex market operates.
Thorough tutorials on B2B Forex technology such as liquidity aggregators are a rare thing to find. It’s not impossible though, and “The Ins and Outs of Forex Liquidity Aggregation” is a great example. This textbook by Devexperts is something I have always valued: in-depth, actionable and frank insight into forex pricing, execution, and hedging strategies.
With an unbiased narrative and multitude of clear and concise examples, Evgeny provides an excellent explanation of advanced problems in the fragmented OTC space.
Highly recommended for anyone who is willing to better understand trading with liquidity providers.
About the author
Evgeny Sorokin is SVP of Software Engineering at Devexperts. Having implemented trading platforms with tens of brokers from around the globe, he gained knowledge of how different departments of brokerages operate from the technology perspective.