Product Guide

Aggregated Liquidity

A pool of liquidity sourced from multiple liquidity providers, combined to offer better pricing and deeper market depth.

API (Application Programming Interface)

A set of protocols and tools that allows different software applications to communicate with each other.

Ask Price

The lowest price at which a seller is willing to sell an asset. Also known as the offer price.

Bid Price

The highest price a buyer is willing to pay for an asset.

CFD (Contract for Difference)

A financial derivative that allows traders to speculate on price movements without owning the underlying asset.

Execution

The process of completing a buy or sell order in the financial markets.

Fill Rate

The percentage of orders that are successfully executed at the requested price.

FIX Protocol

Financial Information eXchange protocol - an industry-standard messaging format for trading systems communication.

Hedge

A risk management strategy used to offset potential losses by taking an opposite position in a related asset.

KYC (Know Your Customer)

Regulatory process of verifying the identity of clients before or during business relationships.

Latency

The time delay between sending a request and receiving a response, critical for trading systems.

Leverage

The use of borrowed capital to increase the potential return of an investment.

Liquidity Provider (LP)

A financial institution or entity that provides buy and sell quotes for financial instruments.

Margin

The collateral required to open and maintain a leveraged trading position.

Market Depth

The market's ability to absorb large orders without significant impact on price.

Market Maker

An entity that provides liquidity by continuously quoting bid and ask prices for financial instruments.

MT4/MT5

MetaTrader 4 and MetaTrader 5 - popular retail trading platforms developed by MetaQuotes Software.

Order Types

Different ways to place trades including market orders, limit orders, stop orders, and more.

PEP (Politically Exposed Person)

An individual who holds or has held a prominent public position, requiring enhanced due diligence.

Position

The amount of a financial instrument held by a trader, either long (bought) or short (sold).

RLS (Row Level Security)

A database security feature that restricts data access at the row level based on user permissions.

Slippage

The difference between the expected price of a trade and the price at which it is actually executed.

Smart Order Routing (SOR)

Automated process of selecting the best execution venue based on price, speed, and liquidity.

Spread

The difference between the bid and ask prices of a financial instrument.

STP (Straight-Through Processing)

Automated processing of trades from initiation to settlement without manual intervention.

White label

A product or service produced by one company that is rebranded and sold by another company.