|By Business Wire||
|January 13, 2014 08:05 AM EST||
FastMatch (www.fastmatchfx.com) a matching system for foreign exchange trading, announced today, that it has introduced a very significant change to the FastMatch matching rules, with flexible matching.
In order to maximize fill rates and reduce response times for its clients, FastMatch introduced a change to its matching logic effecting quotes from liquidity providers. With Flexible matching, the system will no longer select a liquidity provider based solely on the best price. The FastMatch matching engine will now also consider current and historical fill rates and the response time of a liquidity provider.
FastMatch will track and use fill-rate and response time statistics of each interaction between all individual clients with every liquidity provider broken down by trading session, currency pair, and order size. This historical and real time information will be used in conjunction with the price of the quote to match a liquidity provider with a client.
“This upgraded sophisticated matching logic further sets FastMatch apart from its competitors,” said Dmitri Galinov, CEO of FastMatch, Inc. “Our clients would like to maximize fill-rates and minimize response times. The new matching logic is aimed to improve the overall trading experience with FastMatch.”
“With flexible matching FastMatch encourages healthier, longer-term relationships between makers and takers by rewarding consistent performance, which we believe will improve trading on the platform.” Galinov added.
Matching logic for orders residing on the FastMatch books will not be changing and will remain as Price/Size/Time priority.
FastMatch is a matching system of spot foreign exchange. The FastMatch system strives to offer its customers access to a large pool of diversified liquidity at unparalleled speed, with complete transparency, in a central location and providing excellent customer service.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all.