FastMatch to launch new order type in May
Leak/Sweep Protection will offer protection for both market-makers and takers, says chief executive
FastMatch is introducing a new order type next month, which could see market-makers effectively outsourcing their last-look function to the foreign exchange trading platform provider, FX Week has learned.
On May 15, FastMatch will roll out Leak/Sweep Protection (LSP), enabling market-makers on the platform to protect themselves from aggressive takers who hit all markets and liquidity providers simultaneously. FastMatch will reject an order if the market moves against the maker, eliminating
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