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A foreign exchange aggregator or FX Aggregator is a class of systems used in Forex trading to aggregate the liquidity from several liquidity providers. Aggregators usually provide two main functions; they allow FX traders to compare price from different liquidity venues such as banks-global market makers or ECNs like Currenex, FXall or Hotspot FX and to have a consolidated view of the market. They allow traders to trade with many participants using a single API or a single trading terminal. Some of the systems support order sweeping (an order is split into the chunks which are sent to the respective counterparties based on the price, time and other attributes of the quotes from these counterparties), other systems route the whole order to a single liquidity provider who is chosen by an order routing algorithm embedded into an aggregator. There are many aggregators offered in the market: Thomson Reuters Dealing Aggregator,OlfaTrade SFX, FlexTrade, Quotix, Integral, Currenex, MarketFactory, EBS Direct, DealHub, FirstDerivatives DeltaFlow, TraderTools and others.〔() ForexMagnates's articles tagged with 'Liquidity Aggregation'〕 ==Technology== FX Aggregator 〔("Travelmudra is an online foreign exchange aggregator enabling you to search RBI authorised money changers in India" 17 Mar 2015 )〕 implementation is complex 〔("5 Reasons FX Liquidity Aggregation Is So Challenging" 26 Nov 2012 )〕 as the technology needs to be fast (Latencies in microseconds) and flexible. Some banks developed their own FX Aggregators or bought existing products from technology vendors such as the LiquidityFX Aggregation from smartTrade.〔("smartTrade LiqudityAggregator" 30 Jan 2013 )〕〔("How FX aggregation works?" )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「foreign exchange aggregator」の詳細全文を読む スポンサード リンク
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