Overall volume growth and new trading methods will combine
to make exchange capacity management a vital issue for
market participants in future, participants at FOW's seminar on
electronic trading agreed last week.
Nick Garrow, director at trading software firm Patsystems,
said capacity management was "far and away the biggest issue we
and our clients are facing".
Chicago Board of Trade (CBoT) and Euronext Liffe both
recently introduced charges for high message traffic on their
electronic trading platforms, in part to deal with the high
volume of orders generated by automated price injection models
(APIMs) (see FO Week vol 9 no 5). CBoT has previously
given examples of APIMs sending many thousands of unfilled
orders for each filled one.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.