FastMatch revamps matching engine to grab market share
Electronic trading system FastMatch has upgraded its matching logic to widen its price distribution, as it moves away from a purely best price-driven model and looks to grab market share from other electronic communication networks (ECNs) by maximising the chances of orders being filled.
"We have decided to move away from best price to best quality in the quote-driven world to avoid problems that arise when some liquidity providers price very aggressively but have no intention of trading and
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