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smartTrade Transaction Platform (STTP) Technology |
Market Data Connectivity The Market Data Bridge brings market data from an external source of liquidity into STTP. It can use various transport layers (HTTP, JMS, TIBRV, RV, MarketLink) and has a filtering function, i.e., only those prices that are subscribed to by a connected member will be sent to the central server, which avoids generating unnecessary traffic between STTP and liquidity pools, saving unnecessary costs on bandwidth and hardware. The Market Data Bridge can also be used as a feed generator if the market data that it listens to is deemed to be sent back to a ticker plant. Trading Connectivity The Trading Bridge is used to connect STTP with other execution engines, such as liquidity pools, ECNs and other banks' trading engines or exchanges, which usually send large numbers of price updates. The Trading Bridge is a bi-directional application framework allowing firms to define customized connectors. It handles three main functions: name mapping on instruments and users; transport; and permissioning. Because bridges are built out of a framework, STTP can comprise several connections to several sources of liquidity, exchanges, ECNs and banks, adding one after another, based on what is required. Natively, smartTrade aggregates the liquidity from these multiple sources into one single-market depth. For more information or to schedule a product demo in the US, please click here.
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